M&T Bank Corp Sells 18,384 Shares of Carrier Global Co. (NYSE:CARR)

M&T Bank Corp reduced its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 5.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 298,765 shares of the company's stock after selling 18,384 shares during the quarter. M&T Bank Corp's holdings in Carrier Global were worth $17,164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. McClarren Financial Advisors Inc. grew its stake in Carrier Global by 86.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company's stock worth $25,000 after purchasing an additional 202 shares during the period. DiNuzzo Private Wealth Inc. purchased a new stake in Carrier Global in the fourth quarter worth about $25,000. Larson Financial Group LLC increased its stake in shares of Carrier Global by 76.2% during the third quarter. Larson Financial Group LLC now owns 511 shares of the company's stock valued at $28,000 after purchasing an additional 221 shares in the last quarter. OFI Invest Asset Management purchased a new position in Carrier Global during the third quarter valued at $28,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of Carrier Global during the third quarter valued at $30,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Insider Activity at Carrier Global

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the firm's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares in the company, valued at approximately $22,899,281.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the sale, the chief executive officer now owns 422,808 shares of the company's stock, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin J. O'connor sold 26,551 shares of the company's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The disclosure for this sale can be found here. In the last 90 days, insiders sold 541,005 shares of company stock worth $30,536,214. 6.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CARR shares. Oppenheimer lifted their price target on shares of Carrier Global from $63.00 to $64.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. TD Cowen increased their target price on Carrier Global from $66.00 to $70.00 and gave the company a "buy" rating in a report on Monday, April 29th. Royal Bank of Canada reduced their price target on shares of Carrier Global from $63.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 7th. Robert W. Baird increased their price target on shares of Carrier Global from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Barclays boosted their price objective on shares of Carrier Global from $78.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $62.71.

Carrier Global Price Performance

CARR stock traded up $1.15 on Friday, reaching $62.09. 3,622,875 shares of the company's stock were exchanged, compared to its average volume of 4,988,253. Carrier Global Co. has a twelve month low of $40.28 and a twelve month high of $63.79. The firm has a market cap of $55.94 billion, a PE ratio of 43.42, a P/E/G ratio of 2.61 and a beta of 1.34. The stock has a fifty day moving average of $57.32 and a 200-day moving average of $55.14. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The company had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.27 billion. As a group, equities analysts predict that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.22%. Carrier Global's dividend payout ratio (DPR) is 53.15%.

Carrier Global Company 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.