Apollon Wealth Management LLC Sells 4,925 Shares of Carrier Global Corporation $CARR

Apollon Wealth Management LLC lessened its stake in shares of Carrier Global Corporation (NYSE:CARR) by 17.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,832 shares of the company’s stock after selling 4,925 shares during the quarter. Apollon Wealth Management LLC’s holdings in Carrier Global were worth $1,744,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CARR. Accredited Wealth Management LLC bought a new stake in Carrier Global during the 1st quarter valued at $28,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Carrier Global in the 1st quarter worth $29,000. REAP Financial Group LLC acquired a new stake in shares of Carrier Global in the 2nd quarter worth $29,000. Graybill Wealth Management LTD. acquired a new stake in shares of Carrier Global in the 1st quarter worth $38,000. Finally, Cheviot Value Management LLC acquired a new stake in shares of Carrier Global in the 1st quarter worth $38,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Melius Research raised Carrier Global to a “hold” rating and set a $90.00 price objective for the company in a research report on Tuesday, July 1st. Oppenheimer lowered their price objective on Carrier Global from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Wednesday, September 17th. The Goldman Sachs Group lowered their price objective on Carrier Global from $88.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, September 12th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $79.00 price objective on shares of Carrier Global in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company lowered their price target on Carrier Global from $75.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.42.

Carrier Global Stock Performance

Shares of CARR opened at $56.89 on Tuesday. The stock has a 50-day moving average of $62.83 and a two-hundred day moving average of $67.16. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The stock has a market cap of $48.41 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.78 and a beta of 1.25.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, research analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Wednesday, October 29th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, October 29th. Carrier Global’s payout ratio is 19.61%.

Carrier Global 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.