Lincoln Capital LLC Grows Position in Carrier Global Corporation $CARR

Key Points

• Lincoln Capital LLC increased its holdings in Carrier Global Corporation by **33.8%**, purchasing an additional 40,259 shares, bringing its total to **159,324 shares** valued at **$9.48 million**.
• Carrier Global has recently seen **strong analyst support**, with a consensus rating of **"Moderate Buy"** and various target prices ranging from **$65.00 to $90.00** per share.
• The company also announced a quarterly dividend of **$0.225 per share**, which offers a **1.4% dividend yield** and reflects a payout ratio of **19.61%**.

Lincoln Capital LLC raised its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 33.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,324 shares of the company's stock after buying an additional 40,259 shares during the period. Carrier Global comprises 1.9% of Lincoln Capital LLC's investment portfolio, making the stock its 12th largest position. Lincoln Capital LLC's holdings in Carrier Global were worth $9,475,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CARR. Brighton Jones LLC grew its stake in Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock worth $543,000 after buying an additional 1,850 shares during the period. Bridgewater Associates LP purchased a new stake in Carrier Global during the fourth quarter worth approximately $265,000. Jump Financial LLC purchased a new stake in Carrier Global during the fourth quarter worth approximately $248,000. NewEdge Advisors LLC grew its stake in Carrier Global by 12.5% during the fourth quarter. NewEdge Advisors LLC now owns 40,714 shares of the company's stock worth $2,779,000 after buying an additional 4,525 shares during the period. Finally, Forum Financial Management LP lifted its position in shares of Carrier Global by 14.5% during the fourth quarter. Forum Financial Management LP now owns 7,388 shares of the company's stock worth $504,000 after purchasing an additional 938 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CARR shares. Citigroup reissued a "buy" rating and set a $89.00 target price (up from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. Wells Fargo & Company boosted their target price on shares of Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $79.00 target price on shares of Carrier Global in a research report on Tuesday, July 15th. Melius Research raised shares of Carrier Global to a "hold" rating and set a $90.00 target price on the stock in a research report on Tuesday, July 1st. Finally, Mizuho set a $72.00 target price on shares of Carrier Global in a research report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Carrier Global has a consensus rating of "Moderate Buy" and a consensus price target of $84.47.

Carrier Global Stock Down 0.5%

Shares of NYSE:CARR opened at $65.44 on Monday. The stock has a market capitalization of $55.69 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 1.80 and a beta of 1.25. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The company's fifty day moving average is $72.32 and its two-hundred day moving average is $68.14. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $6.11 billion for the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Equities analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 21st were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, July 21st. Carrier Global's dividend payout ratio is 19.61%.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the sale, the director directly owned 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.20% of the company's stock.

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.

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