Ledyard National Bank Has $639,000 Stock Holdings in Carrier Global Co. (NYSE:CARR)

Ledyard National Bank reduced its position in Carrier Global Co. (NYSE:CARR) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,121 shares of the company’s stock after selling 542 shares during the period. Ledyard National Bank’s holdings in Carrier Global were worth $639,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McClarren Financial Advisors Inc. boosted its stake in Carrier Global by 86.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after acquiring an additional 202 shares during the last quarter. OFI Invest Asset Management bought a new position in Carrier Global in the third quarter valued at approximately $28,000. Larson Financial Group LLC boosted its position in shares of Carrier Global by 76.2% during the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after purchasing an additional 221 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in shares of Carrier Global during the third quarter worth $30,000. Finally, Criterion Capital Advisors LLC bought a new position in shares of Carrier Global during the fourth quarter worth $32,000. Institutional investors own 91.00% of the company’s stock.

Insider Buying and Selling

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the transaction, the vice president now directly owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the transaction, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by company insiders.

Carrier Global Stock Down 0.5 %

CARR traded down $0.34 on Tuesday, hitting $62.37. 2,686,692 shares of the company were exchanged, compared to its average volume of 4,841,806. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36. The stock’s fifty day moving average is $56.72 and its 200-day moving average is $54.88. The company has a market cap of $56.20 billion, a PE ratio of 43.90, a PEG ratio of 2.53 and a beta of 1.39. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $63.79.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.12. The firm had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. Equities research analysts predict that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s dividend payout ratio is currently 53.15%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CARR. TD Cowen boosted their price objective on shares of Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company upped their price objective on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday. Oppenheimer upped their price objective on Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays upped their price objective on Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Citigroup upped their price objective on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.62.

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.