Carrier Global Corporation $CARR Stock Position Decreased by Lincoln Capital LLC

Lincoln Capital LLC trimmed its position in shares of Carrier Global Corporation (NYSE:CARR) by 6.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 148,986 shares of the company’s stock after selling 9,495 shares during the period. Carrier Global accounts for approximately 1.6% of Lincoln Capital LLC’s investment portfolio, making the stock its 14th biggest holding. Lincoln Capital LLC’s holdings in Carrier Global were worth $8,378,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CARR. Norges Bank bought a new position in shares of Carrier Global during the 4th quarter valued at $380,299,000. Ameriprise Financial Inc. grew its stake in Carrier Global by 506.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after buying an additional 3,496,372 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Carrier Global by 461.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after purchasing an additional 2,022,136 shares during the period. Ontario Teachers Pension Plan Board bought a new position in Carrier Global in the 4th quarter worth approximately $99,839,000. Finally, PineStone Asset Management Inc. raised its stake in Carrier Global by 34.6% during the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after purchasing an additional 1,837,985 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 2.4%

Shares of CARR stock traded up $1.60 during trading hours on Friday, reaching $69.41. The company had a trading volume of 5,640,872 shares, compared to its average volume of 5,006,579. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The firm has a market cap of $57.65 billion, a price-to-earnings ratio of 45.67, a P/E/G ratio of 2.78 and a beta of 1.31. The company has a 50 day moving average of $68.04 and a 200 day moving average of $62.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.79 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. Carrier Global’s dividend payout ratio is 63.16%.

Analysts Set New Price Targets

A number of analysts have commented on CARR shares. Evercore raised their price objective on Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. The Goldman Sachs Group boosted their target price on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Barclays increased their target price on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Citigroup boosted their price objective on Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Sanford C. Bernstein initiated coverage on shares of Carrier Global in a research report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.46.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.