Silvercrest Asset Management Group LLC Has $3.25 Million Stake in Carrier Global Co. (NYSE:CARR)

Silvercrest Asset Management Group LLC decreased its position in Carrier Global Co. (NYSE:CARR) by 0.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 47,606 shares of the company’s stock after selling 375 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Carrier Global were worth $3,250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Carrier Global by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company’s stock valued at $1,181,300,000 after buying an additional 420,081 shares during the period. Fisher Asset Management LLC lifted its holdings in Carrier Global by 0.3% in the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock valued at $977,028,000 after buying an additional 46,222 shares during the period. Northern Trust Corp lifted its holdings in Carrier Global by 16.7% in the fourth quarter. Northern Trust Corp now owns 8,847,377 shares of the company’s stock valued at $603,922,000 after buying an additional 1,266,137 shares during the period. Norges Bank acquired a new position in Carrier Global in the fourth quarter valued at $588,029,000. Finally, Pictet Asset Management Holding SA lifted its holdings in Carrier Global by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company’s stock valued at $415,078,000 after buying an additional 126,174 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 0.3%

NYSE:CARR opened at $75.85 on Tuesday. 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 firm has a 50-day moving average of $64.73 and a 200-day moving average of $67.93. The company has a market cap of $65.03 billion, a PE ratio of 12.08, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a one year low of $54.22 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. As a group, equities research analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Friday, May 2nd. Carrier Global’s payout ratio is 13.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Wells Fargo & Company upped their price objective on shares of Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Barclays upped their price objective on shares of Carrier Global from $83.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Monday, February 24th. Finally, Royal Bank of Canada upped their price objective on shares of Carrier Global from $71.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Four 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

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.