Apollon Wealth Management LLC Has $1.06 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Apollon Wealth Management LLC raised its position in Carrier Global Co. (NYSE:CARR) by 66.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,450 shares of the company’s stock after acquiring an additional 7,333 shares during the period. Apollon Wealth Management LLC’s holdings in Carrier Global were worth $1,060,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CARR. Beese Fulmer Investment Management Inc. boosted its stake in Carrier Global by 0.9% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock valued at $1,119,000 after buying an additional 181 shares in the last quarter. Graypoint LLC boosted its stake in shares of Carrier Global by 1.9% in the 4th quarter. Graypoint LLC now owns 9,752 shares of the company’s stock valued at $560,000 after purchasing an additional 184 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Carrier Global by 16.0% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 1,450 shares of the company’s stock worth $80,000 after purchasing an additional 200 shares during the last quarter. Operose Advisors LLC increased its holdings in shares of Carrier Global by 44.4% during the third quarter. Operose Advisors LLC now owns 650 shares of the company’s stock worth $36,000 after buying an additional 200 shares in the last quarter. Finally, Boston Financial Mangement LLC raised its stake in shares of Carrier Global by 2.2% in the third quarter. Boston Financial Mangement LLC now owns 9,399 shares of the company’s stock valued at $519,000 after acquiring an additional 201 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Insider Activity

In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Robert W. Baird increased their target price on Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. TD Cowen upped their target price on shares of Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Oppenheimer boosted their price objective on shares of Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Barclays increased their price objective on Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Wells Fargo & Company boosted their target price on Carrier Global from $59.00 to $66.00 and gave the stock 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’s stock. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Hold” and an average price target of $62.71.

Carrier Global Stock Performance

Shares of NYSE:CARR opened at $65.23 on Friday. The company has a market capitalization of $58.77 billion, a price-to-earnings ratio of 45.62, a P/E/G 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. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.36 and a quick ratio of 0.99. Carrier Global Co. has a fifty-two week low of $40.49 and a fifty-two week high of $65.34.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results 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 company had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders 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 dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s dividend payout ratio is currently 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.