Fulton Bank N.A. Sells 743 Shares of Carrier Global Co. (NYSE:CARR)

Fulton Bank N.A. decreased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 15.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,117 shares of the company’s stock after selling 743 shares during the quarter. Fulton Bank N.A.’s holdings in Carrier Global were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Trust Point Inc. acquired a new position in Carrier Global in the 4th quarter valued at approximately $240,000. Prime Capital Investment Advisors LLC raised its holdings in Carrier Global by 156.1% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 14,113 shares of the company’s stock valued at $811,000 after acquiring an additional 8,603 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Carrier Global by 4.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 151,345 shares of the company’s stock valued at $8,695,000 after acquiring an additional 5,954 shares in the last quarter. Americana Partners LLC raised its holdings in Carrier Global by 5.4% in the 4th quarter. Americana Partners LLC now owns 7,061 shares of the company’s stock valued at $406,000 after acquiring an additional 360 shares in the last quarter. Finally, Meeder Advisory Services Inc. raised its holdings in Carrier Global by 5.1% in the 4th quarter. Meeder Advisory Services Inc. now owns 15,322 shares of the company’s stock valued at $880,000 after acquiring an additional 740 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total value of $306,124.29. Following the transaction, the chief accounting officer now directly owns 2,042 shares in the company, valued at approximately $135,568.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Carrier Global news, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $65.40, for a total value of $6,437,191.20. Following the transaction, the vice president now directly owns 85,028 shares in the company, valued at approximately $5,560,831.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kyle Crockett sold 4,611 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total value of $306,124.29. Following the completion of the transaction, the chief accounting officer now owns 2,042 shares in the company, valued at $135,568.38. The disclosure for this sale can be found here. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Price Performance

CARR stock traded up $0.59 during midday trading on Tuesday, reaching $64.14. 3,615,415 shares of the company’s stock traded hands, compared to its average volume of 4,432,167. The company has a 50-day simple moving average of $64.59 and a two-hundred day simple moving average of $60.43. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $70.09. The company has a market cap of $57.90 billion, a price-to-earnings ratio of 44.85, a PEG ratio of 2.63 and a beta of 1.32. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same period last year, the firm posted $0.79 EPS. The business’s revenue was up 11.7% on a year-over-year basis. On average, analysts anticipate that Carrier Global Co. will post 2.84 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.18%. Carrier Global’s payout ratio is 53.15%.

Wall Street Analyst Weigh In

CARR has been the subject of several recent research reports. Barclays upped their price target on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Oppenheimer dropped their target price on Carrier Global from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Wells Fargo & Company increased their target price on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. TD Cowen increased their target price on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Finally, Baird R W raised Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $66.77.

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.