M&T Bank Corp decreased its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 2.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 299,009 shares of the company's stock after selling 7,042 shares during the quarter. M&T Bank Corp's holdings in Carrier Global were worth $18,956,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in CARR. Ritter Daniher Financial Advisory LLC DE grew its holdings in Carrier Global by 90.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock valued at $26,000 after buying an additional 180 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Carrier Global during the 4th quarter worth about $28,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Carrier Global during the 1st quarter worth about $29,000. Mattson Financial Services LLC purchased a new stake in shares of Carrier Global during the 4th quarter worth about $31,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock worth $33,000 after purchasing an additional 340 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.
Insider Activity
In other news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the completion of the transaction, the director owned 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 7.20% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a report on Friday, May 9th. Wells Fargo & Company boosted their target price on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Royal Bank Of Canada boosted their target price on Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Robert W. Baird upped their price target on Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Finally, Mizuho set a $72.00 price target on Carrier Global in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Carrier Global presently has a consensus rating of "Moderate Buy" and an average price target of $83.82.
View Our Latest Analysis on Carrier Global
Carrier Global Stock Performance
NYSE CARR traded down $0.06 during trading hours on Friday, hitting $76.71. The company had a trading volume of 3,805,061 shares, compared to its average volume of 4,695,170. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $72.44 and a 200-day simple moving average of $67.57. The firm has a market cap of $65.76 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 2.07 and a beta of 1.31.
Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. During the same period last year, the company earned $0.51 earnings per share. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. Equities analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.
Carrier Global Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 21st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.17%. Carrier Global's payout ratio is 13.93%.
Carrier Global Profile
(
Free Report)
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.
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