M&T Bank Corp Has $20.89 Million Stock Position in Carrier Global Co. (NYSE:CARR)

M&T Bank Corp lessened its position in shares of Carrier Global Co. (NYSE:CARR) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 306,051 shares of the company’s stock after selling 5,402 shares during the quarter. M&T Bank Corp’s holdings in Carrier Global were worth $20,890,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its holdings in Carrier Global by 36.2% during the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock worth $702,603,000 after purchasing an additional 2,320,909 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Carrier Global during the 3rd quarter worth approximately $130,479,000. Mizuho Securities USA LLC raised its stake in shares of Carrier Global by 1,428.4% during the third quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock worth $79,484,000 after buying an additional 922,892 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Carrier Global by 10,995.5% in the fourth quarter. Proficio Capital Partners LLC now owns 491,308 shares of the company’s stock valued at $33,537,000 after buying an additional 486,880 shares during the period. Finally, State Street Corp boosted its stake in Carrier Global by 1.4% in the third quarter. State Street Corp now owns 33,665,505 shares of the company’s stock valued at $2,709,736,000 after acquiring an additional 469,108 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays dropped their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Citigroup dropped their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Friday, February 14th. The Goldman Sachs Group started coverage on Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Finally, Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.53.

Carrier Global Stock Up 4.5 %

Shares of CARR stock opened at $64.86 on Thursday. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average of $66.80 and a 200-day moving average of $72.30. The company has a market capitalization of $56.03 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same quarter in the previous year, the firm posted $0.53 earnings per share. As a group, equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Friday, December 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio (DPR) is currently 14.33%.

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.