Carrier Global Co. (NYSE:CARR) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its holdings in Carrier Global Co. (NYSE:CARR – Get Rating) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 340,956 shares of the company’s stock after selling 6,561 shares during the period. M&T Bank Corp’s holdings in Carrier Global were worth $12,126,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CARR. M Holdings Securities Inc. lifted its stake in shares of Carrier Global by 32.9% during the third quarter. M Holdings Securities Inc. now owns 60,385 shares of the company’s stock valued at $2,147,000 after buying an additional 14,961 shares during the period. Glenmede Trust Co. NA grew its position in shares of Carrier Global by 1.9% during the third quarter. Glenmede Trust Co. NA now owns 668,807 shares of the company’s stock worth $23,781,000 after buying an additional 12,266 shares in the last quarter. Captrust Financial Advisors raised its holdings in Carrier Global by 54.1% in the third quarter. Captrust Financial Advisors now owns 112,394 shares of the company’s stock valued at $3,997,000 after acquiring an additional 39,447 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in Carrier Global by 4.1% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 30,160 shares of the company’s stock valued at $1,072,000 after buying an additional 1,180 shares during the last quarter. Finally, Kentucky Retirement Systems boosted its holdings in Carrier Global by 4.6% in the third quarter. Kentucky Retirement Systems now owns 65,877 shares of the company’s stock worth $2,343,000 after purchasing an additional 2,921 shares during the period. 85.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carrier Global news, VP Kyle Crockett sold 10,433 shares of Carrier Global stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $45.85, for a total value of $478,353.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Carrier Global news, VP Nadia Villeneuve sold 20,538 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $45.45, for a total transaction of $933,452.10. Following the completion of the sale, the vice president now directly owns 48,900 shares in the company, valued at $2,222,505. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kyle Crockett sold 10,433 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $45.85, for a total transaction of $478,353.05. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and set a $55.00 price objective on shares of Carrier Global in a research report on Wednesday, February 8th. Argus lifted their price objective on shares of Carrier Global from $50.00 to $52.00 in a research note on Tuesday, February 14th. Mizuho restated a “buy” rating and issued a $53.00 target price on shares of Carrier Global in a research report on Wednesday, February 8th. TheStreet raised shares of Carrier Global from a “c+” rating to a “b” rating in a report on Friday, November 25th. Finally, Wells Fargo & Company boosted their price objective on Carrier Global from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, January 19th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average target price of $48.86.

Carrier Global Stock Down 5.3 %

Shares of CARR opened at $43.31 on Thursday. The firm has a market capitalization of $36.16 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.79 and a beta of 1.33. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.20 and a current ratio of 1.64. The business’s fifty day moving average price is $44.93 and its two-hundred day moving average price is $41.85. Carrier Global Co. has a 52 week low of $33.10 and a 52 week high of $49.17.

Carrier Global (NYSE:CARR – Get Rating) last posted its quarterly earnings results on Tuesday, February 7th. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.07 billion. Carrier Global had a return on equity of 26.86% and a net margin of 17.31%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 EPS. On average, analysts predict that Carrier Global Co. will post 2.55 earnings per share for the current year.

About Carrier Global

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Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.