Carrier Global stock is trading -10.05% below its average target price of $82.23 after dropping -7.5% during today's morning session. Analysts are giving the Large-Cap Farm & Heavy Construction Machinery company an average rating of buy and target prices ranging from $66.0 to $95.0 per share.
The stock has a very low short interest at 1.9%, and a short ratio of 2.95. The company's insiders own 6.62% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 85.6% of Carrier Global's shares being owned by this investor type.
Institutions Invested in Carrier Global
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Capital Research Global Investors | 11% | 95,476,992 | $7,061,955,363 |
| 2024-06-30 | Vanguard Group Inc | 10% | 94,578,506 | $6,995,498,849 |
| 2024-06-30 | Capital International Investors | 9% | 83,335,720 | $6,163,926,224 |
| 2024-06-30 | Blackrock Inc. | 6% | 52,420,443 | $3,877,277,874 |
| 2024-06-30 | Capital World Investors | 5% | 48,584,164 | $3,593,527,512 |
| 2024-06-30 | State Street Corporation | 4% | 33,196,397 | $2,455,371,382 |
| 2024-06-30 | JP Morgan Chase & Company | 3% | 30,780,977 | $2,276,714,851 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 16,648,250 | $1,231,387,750 |
| 2024-06-30 | Dodge & Cox Inc | 2% | 14,367,024 | $1,062,656,877 |
| 2024-06-30 | Fisher Asset Management, LLC | 2% | 13,997,571 | $1,035,330,287 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Carrier Global.
