Carrier Global Co. (NYSE:CARR) Shares Bought by Lincoln National Corp

Lincoln National Corp grew its position in shares of Carrier Global Co. (NYSE:CARR) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,741 shares of the company’s stock after purchasing an additional 280 shares during the quarter. Lincoln National Corp’s holdings in Carrier Global were worth $789,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. C WorldWide Group Holding A S acquired a new position in shares of Carrier Global in the 3rd quarter valued at $260,761,000. Impax Asset Management Group plc lifted its holdings in shares of Carrier Global by 6,362.1% in the third quarter. Impax Asset Management Group plc now owns 2,236,841 shares of the company’s stock valued at $123,474,000 after purchasing an additional 2,202,226 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Carrier Global by 103.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,600,774 shares of the company’s stock worth $143,563,000 after buying an additional 1,320,621 shares during the period. FMR LLC raised its position in Carrier Global by 18.3% during the third quarter. FMR LLC now owns 6,666,775 shares of the company’s stock valued at $368,006,000 after buying an additional 1,033,484 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Carrier Global during the 3rd quarter worth about $48,735,000. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CARR. Barclays raised their price target on shares of Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Robert W. Baird lifted their price target on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Royal Bank of Canada reduced their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. TD Cowen boosted their price target on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, Wells Fargo & Company lifted their price target on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Hold” and an average price target of $62.71.

Insider Transactions at Carrier Global

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $61.95, for a total value of $9,906,734.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.95% of the company’s stock.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $65.23 on Friday. The firm has a market cap of $58.77 billion, a P/E ratio of 45.62, a price-to-earnings-growth ratio of 2.61 and a beta of 1.34. The firm’s 50-day simple moving average is $57.90 and its 200-day simple moving average is $55.42. Carrier Global Co. has a twelve month low of $40.49 and a twelve month high of $65.34. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. Carrier Global had a return on equity of 26.01% and a net margin of 5.41%. The business had revenue of $6.18 billion during the quarter, compared to analysts’ expectations of $6.27 billion. As a group, research analysts expect that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.17%. Carrier Global’s dividend payout ratio (DPR) is presently 53.15%.

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.