Bangor Savings Bank Sells 146 Shares of Carrier Global Co. (NYSE:CARR)

Bangor Savings Bank decreased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 6.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,225 shares of the company’s stock after selling 146 shares during the quarter. Bangor Savings Bank’s holdings in Carrier Global were worth $179,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Elo Mutual Pension Insurance Co increased its position in shares of Carrier Global by 4.7% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 73,130 shares of the company’s stock valued at $4,201,000 after acquiring an additional 3,257 shares during the last quarter. Cullen Capital Management LLC increased its position in shares of Carrier Global by 4.6% during the 4th quarter. Cullen Capital Management LLC now owns 5,845 shares of the company’s stock worth $336,000 after purchasing an additional 257 shares during the last quarter. LM Advisors LLC acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $279,000. Barden Capital Management Inc. raised its stake in shares of Carrier Global by 14.8% during the 4th quarter. Barden Capital Management Inc. now owns 36,876 shares of the company’s stock worth $2,038,000 after purchasing an additional 4,752 shares in the last quarter. Finally, Firsthand Capital Management Inc. acquired a new stake in shares of Carrier Global in the 4th quarter valued at approximately $57,000. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the topic of a number of recent analyst reports. Barclays boosted their target price on shares of Carrier Global from $81.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Robert W. Baird lowered their price objective on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Royal Bank of Canada raised their target price on shares of Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. Morgan Stanley assumed coverage on Carrier Global in a research report on Friday, September 6th. They set an “equal weight” rating and a $75.00 price target on the stock. Finally, Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.80.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.95% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE CARR opened at $80.84 on Wednesday. The firm has a market cap of $72.84 billion, a P/E ratio of 56.53, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The business’s 50 day moving average is $72.36 and its 200-day moving average is $65.78. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. Carrier Global Co. has a 1-year low of $45.68 and a 1-year high of $81.64.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $7.05 billion. During the same quarter last year, the business earned $0.79 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts predict that Carrier Global Co. will post 2.84 earnings per share for the current year.

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.