Bangor Savings Bank Has $129,000 Holdings in Carrier Global Co. (NYSE:CARR)

Bangor Savings Bank lessened its holdings in shares of Carrier Global Co. (NYSE:CARR) by 19.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,225 shares of the company’s stock after selling 550 shares during the quarter. Bangor Savings Bank’s holdings in Carrier Global were worth $129,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC raised its stake in shares of Carrier Global by 6.8% in the 1st quarter. International Assets Investment Management LLC now owns 10,309 shares of the company’s stock valued at $592,000 after purchasing an additional 659 shares during the period. MJP Associates Inc. ADV increased its position in shares of Carrier Global by 4.2% in the first quarter. MJP Associates Inc. ADV now owns 7,046 shares of the company’s stock valued at $410,000 after acquiring an additional 287 shares during the last quarter. Clarus Wealth Advisors increased its position in shares of Carrier Global by 10.6% in the first quarter. Clarus Wealth Advisors now owns 10,878 shares of the company’s stock valued at $619,000 after acquiring an additional 1,042 shares during the last quarter. Liberty Capital Management Inc. increased its position in shares of Carrier Global by 13.5% in the first quarter. Liberty Capital Management Inc. now owns 23,202 shares of the company’s stock valued at $1,349,000 after acquiring an additional 2,766 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its position in shares of Carrier Global by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 69,001 shares of the company’s stock valued at $4,011,000 after acquiring an additional 440 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 2.1 %

Shares of NYSE:CARR opened at $62.88 on Monday. The company has a fifty day moving average of $62.25 and a 200-day moving average of $58.44. The company has a market capitalization of $56.66 billion, a PE ratio of 43.97, a price-to-earnings-growth ratio of 2.59 and a beta of 1.33. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36. Carrier Global Co. has a 52-week low of $45.68 and a 52-week high of $66.50.

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

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be given a dividend of $0.19 per share. 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 1.21%. Carrier Global’s dividend payout ratio (DPR) is currently 53.15%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CARR. Barclays lifted their price target on Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. TD Cowen lifted their price target on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Wells Fargo & Company boosted their price objective on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Robert W. Baird boosted their price objective on Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, Oppenheimer lifted their price target on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.64.

Insider Buying and Selling at Carrier Global

In other news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Kyle Crockett sold 4,611 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the sale, the chief accounting officer now directly owns 2,042 shares of the company’s stock, valued at $135,568.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 262,954 shares of company stock valued at $16,650,050. 6.95% of the stock is currently owned by insiders.

Carrier Global 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.