M&T Bank Corp acquired a new stake in Carrier Global (NYSE:CARR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 426,644 shares of the company’s stock, valued at approximately $9,480,000.
A number of other large investors have also bought and sold shares of CARR. Perigon Wealth Management LLC acquired a new stake in Carrier Global during the 1st quarter valued at $305,000. Oliver Luxxe Assets LLC purchased a new stake in shares of Carrier Global in the first quarter valued at $252,000. HNP Capital LLC acquired a new stake in shares of Carrier Global during the first quarter valued at $826,000. Means Investment CO. Inc. purchased a new stake in Carrier Global during the 1st quarter worth about $197,000. Finally, HighPoint Advisor Group LLC purchased a new stake in Carrier Global during the 1st quarter worth about $197,000. Hedge funds and other institutional investors own 0.88% of the company’s stock.
In other Carrier Global news, CEO David L. Gitlin purchased 57,580 shares of Carrier Global stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $17.77 per share, with a total value of $1,023,196.60. Also, Director John J. Greisch acquired 35,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were acquired at an average price of $17.77 per share, for a total transaction of $621,950.00.
NYSE CARR opened at $27.24 on Friday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.99 and a current ratio of 1.34. Carrier Global has a one year low of $11.50 and a one year high of $27.72. The firm has a 50 day simple moving average of $23.84.
Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.63 billion. Equities research analysts predict that Carrier Global will post 1.38 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Friday, June 26th were issued a dividend of $0.08 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.32 annualized dividend and a dividend yield of 1.17%.
A number of brokerages have recently commented on CARR. Cowen reiterated a “hold” rating and set a $17.00 price target on shares of Carrier Global in a report on Thursday, May 7th. Zacks Investment Research upgraded Carrier Global from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, July 21st. Atlantic Securities began coverage on Carrier Global in a research note on Tuesday, May 19th. They set an “overweight” rating on the stock. JPMorgan Chase & Co. downgraded Carrier Global from an “overweight” rating to a “neutral” rating and set a $20.00 price objective for the company. in a research report on Wednesday, June 10th. Finally, Vertical Research began coverage on Carrier Global in a research report on Monday, April 6th. They set a “hold” rating and a $18.00 target price on the stock. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $22.90.
About Carrier Global
There is no company description available for Carrier Global Corp.
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