M&T Bank Corp Sells 205,179 Shares of Carrier Global Corporation $CARR

Key Points

• M&T Bank Corp cut its stake in Carrier Global by 76.2% in Q4, selling 205,179 shares and leaving it with 64,067 shares worth about $3.39 million.
• Carrier missed Q (EPS $0.34 vs. $0.36 expected; revenue $4.84B vs. $5.05B), set FY2026 guidance of 2.80 EPS, and holds a consensus rating of Moderate Buy with an average price target of $69.69.

M&T Bank Corp decreased its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 76.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,067 shares of the company's stock after selling 205,179 shares during the period. M&T Bank Corp's holdings in Carrier Global were worth $3,385,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CARR. KERR FINANCIAL PLANNING Corp bought a new position in shares of Carrier Global in the 3rd quarter worth $25,000. YANKCOM Partnership grew its position in Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company's stock worth $25,000 after acquiring an additional 208 shares in the last quarter. Global Wealth Strategies & Associates grew its position in Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company's stock worth $26,000 after acquiring an additional 300 shares in the last quarter. True Wealth Design LLC grew its position in Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company's stock worth $26,000 after acquiring an additional 427 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in Carrier Global during the fourth quarter valued at about $27,000. Institutional investors own 91.00% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on CARR. Robert W. Baird lowered their price target on Carrier Global from $72.00 to $70.00 and set an "outperform" rating on the stock in a research report on Monday. Wolfe Research increased their price objective on Carrier Global from $75.00 to $76.00 and gave the company an "outperform" rating in a research report on Wednesday, April 8th. BNP Paribas Exane assumed coverage on Carrier Global in a report on Tuesday, April 14th. They set a "neutral" rating and a $62.00 price objective on the stock. Royal Bank Of Canada decreased their price objective on Carrier Global from $74.00 to $68.00 and set an "outperform" rating on the stock in a report on Wednesday, April 8th. Finally, Citigroup raised their price objective on Carrier Global from $70.00 to $72.00 and gave the company a "buy" rating in a report on Friday, February 6th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.69.

Carrier Global Stock Performance

Carrier Global stock opened at $61.95 on Tuesday. The company has a market capitalization of $51.75 billion, a PE ratio of 36.23, a P/E/G ratio of 2.48 and a beta of 1.32. The firm has a fifty day simple moving average of $59.79 and a two-hundred day simple moving average of $57.58. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period last year, the firm posted $0.54 EPS. The company's revenue was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts expect that Carrier Global Corporation will post 2.74 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be given a $0.24 dividend. The ex-dividend date is Monday, May 4th. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global's payout ratio is presently 56.14%.

About Carrier Global

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.

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