After this afternoon's 12.3% surge to $70.25 per share, Carrier Global might just keep moving past its target price of $73.56. With an average analyst rating of buy, and target prices from $53.0 to $85.12, the stock's next move is anyone's guess.
The stock has a very low short interest at 1.8%, and a short ratio of 2.47. The company's insiders own 6.93% 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 87.3% of Carrier Global's shares being owned by this investor type.
Institutions Invested in Carrier Global
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 11% | 95,312,994 | $6,695,261,525 |
| 2024-12-31 | Capital Research Global Investors | 9% | 75,499,505 | $5,303,462,936 |
| 2024-12-31 | Capital International Investors | 9% | 74,815,929 | $5,255,445,138 |
| 2024-12-31 | Blackrock Inc. | 6% | 55,325,066 | $3,886,309,413 |
| 2024-12-31 | Capital World Investors | 5% | 44,813,522 | $3,147,925,975 |
| 2024-12-31 | State Street Corporation | 4% | 33,964,309 | $2,385,822,978 |
| 2024-12-31 | JPMORGAN CHASE & CO | 3% | 26,457,940 | $1,858,538,067 |
| 2024-12-31 | Geode Capital Management, LLC | 2% | 17,357,770 | $1,219,296,601 |
| 2024-12-31 | Fisher Asset Management, LLC | 2% | 14,313,331 | $1,005,439,975 |
| 2024-12-31 | Dodge & Cox Inc | 2% | 14,305,840 | $1,004,913,770 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Carrier Global.
