Carrier Global Co. (NYSE:CARR) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. trimmed its holdings in Carrier Global Co. (NYSE:CARR) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,389 shares of the company’s stock after selling 212 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Carrier Global were worth $3,627,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. McClarren Financial Advisors Inc. raised its position in shares of Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after purchasing an additional 202 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Carrier Global during the 4th quarter valued at approximately $25,000. EdgeRock Capital LLC acquired a new stake in shares of Carrier Global during the 4th quarter valued at approximately $27,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Carrier Global during the 3rd quarter valued at approximately $30,000. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of Carrier Global during the 4th quarter valued at approximately $32,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carrier Global

In other news, CAO Kyle Crockett sold 4,611 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total transaction of $306,124.29. Following the transaction, the chief accounting officer now owns 2,042 shares in the company, valued at approximately $135,568.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Carrier Global news, CAO Kyle Crockett sold 4,611 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total value of $306,124.29. Following the sale, the chief accounting officer now owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Nadia Villeneuve sold 98,428 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the transaction, the vice president now directly owns 85,028 shares of the company’s stock, valued at $5,560,831.20. The disclosure for this sale can be found here. Insiders have sold 262,954 shares of company stock valued at $16,650,050 in the last 90 days. 6.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. TD Cowen upped their price objective on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Oppenheimer upped their price objective on Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Barclays upped their price objective on Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday. Robert W. Baird upped their price objective on Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, Citigroup upped their price objective on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.86.

Carrier Global Stock Up 0.8 %

CARR stock traded up $0.53 during mid-day trading on Tuesday, hitting $65.65. The stock had a trading volume of 1,384,316 shares, compared to its average volume of 4,494,493. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $66.50. The company has a fifty day moving average of $61.65 and a 200 day moving average of $58.11. The stock has a market capitalization of $59.15 billion, a price-to-earnings ratio of 45.54, a PEG ratio of 2.60 and a beta of 1.33.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. The business had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. On average, equities analysts expect that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, June 21st. Carrier Global’s dividend payout ratio (DPR) is currently 53.15%.

About Carrier Global

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.