Community Bank N.A. Sells 7,070 Shares of Carrier Global Corporation (NYSE:CARR)

Community Bank N.A. decreased its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 71.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,875 shares of the company's stock after selling 7,070 shares during the quarter. Community Bank N.A.'s holdings in Carrier Global were worth $182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CARR. Ensign Peak Advisors Inc raised its stake in Carrier Global by 27.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company's stock worth $89,706,000 after acquiring an additional 285,803 shares in the last quarter. Principal Securities Inc. raised its stake in Carrier Global by 128.6% during the fourth quarter. Principal Securities Inc. now owns 16,919 shares of the company's stock worth $1,155,000 after acquiring an additional 9,518 shares in the last quarter. Ritholtz Wealth Management raised its stake in Carrier Global by 34.0% during the first quarter. Ritholtz Wealth Management now owns 3,968 shares of the company's stock worth $252,000 after acquiring an additional 1,007 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Carrier Global by 36.2% during the first quarter. Farther Finance Advisors LLC now owns 9,664 shares of the company's stock worth $614,000 after acquiring an additional 2,570 shares in the last quarter. Finally, Dempze Nancy E raised its stake in Carrier Global by 20.5% during the fourth quarter. Dempze Nancy E now owns 37,482 shares of the company's stock worth $2,559,000 after acquiring an additional 6,372 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on CARR shares. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research note on Friday, May 9th. 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 research note on Tuesday, May 20th. Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. upped their price objective on Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company upped their price objective on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $83.00.

Insiders Place Their Bets

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the transaction, the director now directly owns 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.20% of the company's stock.

Carrier Global Trading Up 0.7%

NYSE:CARR traded up $0.51 on Friday, reaching $70.37. 10,629,737 shares of the stock traded hands, compared to its average volume of 4,708,936. The firm has a market capitalization of $60.33 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.33. The company's 50 day moving average is $68.68 and its 200-day moving average is $67.26. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. Equities research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's payout ratio is 13.93%.

Carrier Global Profile

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.