M&T Bank Corp Buys Shares of 426,644 Carrier Global (NYSE:CARR)

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M&T Bank Corp bought a new stake in Carrier Global (NYSE:CARR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 426,644 shares of the company’s stock, valued at approximately $9,480,000.

Other institutional investors have also modified their holdings of the company. Trust Co. of Virginia VA purchased a new stake in shares of Carrier Global in the second quarter worth approximately $323,000. Malaga Cove Capital LLC acquired a new position in Carrier Global in the 2nd quarter worth about $565,000. Pacer Advisors Inc. lifted its stake in Carrier Global by 3,736.1% in the second quarter. Pacer Advisors Inc. now owns 68,282 shares of the company’s stock valued at $1,517,000 after acquiring an additional 66,502 shares during the last quarter. Eos Management L.P. bought a new position in Carrier Global during the second quarter valued at about $181,000. Finally, Chicago Capital LLC bought a new position in shares of Carrier Global in the 2nd quarter valued at approximately $324,000. 0.88% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the company. William Blair reiterated a “market perform” rating on shares of Carrier Global in a research note on Monday, May 11th. Morgan Stanley upped their price target on Carrier Global from $19.00 to $26.00 and gave the company an “equal weight” rating in a report on Friday. Citigroup raised their price target on shares of Carrier Global from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. cut Carrier Global from an “overweight” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research report on Wednesday, June 10th. Finally, Atlantic Securities initiated coverage on Carrier Global in a research report on Tuesday, May 19th. They issued an “overweight” rating for the company. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Carrier Global currently has an average rating of “Hold” and a consensus target price of $22.90.

Shares of CARR opened at $27.24 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.99 and a debt-to-equity ratio of 3.64. Carrier Global has a 1 year low of $11.50 and a 1 year high of $27.72. The stock’s 50-day moving average is $23.84.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.06. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.63 billion. As a group, equities analysts predict that Carrier Global will post 1.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Friday, June 26th were given a $0.08 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.32 annualized dividend and a dividend yield of 1.17%.

In related news, Director John J. Greisch bought 35,000 shares of the company’s stock in a transaction that occurred 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. Also, CEO David L. Gitlin purchased 57,580 shares of Carrier Global stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of $17.77 per share, with a total value of $1,023,196.60.

Carrier Global Company Profile

There is no company description available for Carrier Global Corp.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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