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Obin covers the Industrials sector, focusing on stocks such as Vertiv Holdings, Ametek, and ITT. According to TipRanks, Obin has an average return of 20.3% and a 67.69% success rate on recommended stocks.
In addition to Bank of America Securities, Carrier Global also received a Hold from Morgan Stanley’s Christopher Snyder in a report issued on May 28. However, on June 2, RBC Capital maintained a Buy rating on Carrier Global (NYSE: CARR).
Based on Carrier Global’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.34 billion and a net profit of $238 million. In comparison, last year the company earned a revenue of $5.22 billion and had a net profit of $412 million
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CARR in relation to earlier this year. Last month, Maximilian Viessmann, a Director at CARR sold 12,094,823.00 shares for a total of $749,999,974.23.
