Carrier Global Corporation $CARR Position Reduced by Lincoln Capital LLC

Lincoln Capital LLC reduced its position in shares of Carrier Global Corporation (NYSE:CARR) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,986 shares of the company’s stock after selling 9,495 shares during the quarter. Carrier Global comprises 1.6% of Lincoln Capital LLC’s portfolio, making the stock its 14th largest holding. Lincoln Capital LLC’s holdings in Carrier Global were worth $8,378,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cullinan Associates Inc. grew its holdings in Carrier Global by 218.9% during the first quarter. Cullinan Associates Inc. now owns 28,700 shares of the company’s stock worth $1,616,000 after acquiring an additional 19,700 shares during the period. Fifth Third Bancorp lifted its holdings in Carrier Global by 319.7% in the 1st quarter. Fifth Third Bancorp now owns 436,636 shares of the company’s stock valued at $24,587,000 after acquiring an additional 332,590 shares during the last quarter. Candriam S.C.A. boosted its position in shares of Carrier Global by 194.1% during the 1st quarter. Candriam S.C.A. now owns 203,948 shares of the company’s stock valued at $11,484,000 after purchasing an additional 134,590 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Carrier Global by 4.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 31,069 shares of the company’s stock worth $1,749,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Manning & Napier Advisors LLC grew its stake in shares of Carrier Global by 172.8% in the 1st quarter. Manning & Napier Advisors LLC now owns 13,492 shares of the company’s stock worth $760,000 after purchasing an additional 8,546 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 2.4%

NYSE:CARR traded up $1.60 during trading hours on Friday, hitting $69.41. 5,640,872 shares of the company’s stock traded hands, compared to its average volume of 5,006,579. The stock’s fifty day moving average price is $68.04 and its two-hundred day moving average price is $62.09. The firm has a market cap of $57.65 billion, a P/E ratio of 45.67, a P/E/G ratio of 2.78 and a beta of 1.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

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

Carrier Global Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CARR shares. JPMorgan Chase & Co. raised their target price on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. BNP Paribas Exane initiated coverage on Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective for the company. Sanford C. Bernstein started coverage on Carrier Global in a research note on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price objective for the company. Finally, Royal Bank Of Canada lifted their target price on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.