Challenger Wealth Management Acquires New Stake in Carrier Global Co. (NYSE:CARR)

Challenger Wealth Management acquired a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,000 shares of the company's stock, valued at approximately $273,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CARR. Chicago Partners Investment Group LLC raised its position in Carrier Global by 2.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock worth $403,000 after buying an additional 147 shares during the last quarter. Hanson & Doremus Investment Management grew its stake in shares of Carrier Global by 6.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock valued at $176,000 after purchasing an additional 150 shares during the period. Syon Capital LLC grew its stake in shares of Carrier Global by 2.2% during the 4th quarter. Syon Capital LLC now owns 7,089 shares of the company's stock valued at $484,000 after acquiring an additional 155 shares during the period. BOK Financial Private Wealth Inc. grew its stake in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after acquiring an additional 160 shares during the period. Finally, Wealthspire Advisors LLC grew its stake in shares of Carrier Global by 3.7% during the 4th quarter. Wealthspire Advisors LLC now owns 4,473 shares of the company's stock valued at $305,000 after acquiring an additional 161 shares during the period. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Stock Down 1.8%

NYSE CARR traded down $1.28 during trading on Wednesday, hitting $71.05. The company's stock had a trading volume of 3,829,846 shares, compared to its average volume of 4,646,957. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market cap of $60.91 billion, a PE ratio of 11.31, a P/E/G ratio of 2.01 and a beta of 1.33. The business's 50 day simple moving average is $65.40 and its 200-day simple moving average is $67.87. Carrier Global Co. has a fifty-two week low of $54.22 and a fifty-two week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The company's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. On average, equities analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 2nd were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, May 2nd. Carrier Global's dividend payout ratio (DPR) is 13.93%.

Analyst Ratings Changes

Several research analysts have weighed in on CARR shares. Barclays upped their price target on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. upped their price objective on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. Mizuho set a $72.00 price target on Carrier Global in a report on Tuesday, April 22nd. Finally, Royal Bank of Canada increased their price target on Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

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.