Pictet Asset Management Holding SA Reduces Stock Holdings in Carrier Global Corporation $CARR

Pictet Asset Management Holding SA lowered its stake in Carrier Global Corporation (NYSE:CARR) by 11.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,123,684 shares of the company’s stock after selling 412,590 shares during the period. Pictet Asset Management Holding SA owned 0.37% of Carrier Global worth $175,895,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CARR. Brighton Jones LLC increased its position in shares of Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after buying an additional 1,850 shares during the period. AQR Capital Management LLC lifted its holdings in Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after buying an additional 23,200 shares during the period. United Bank lifted its holdings in Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after buying an additional 4,956 shares during the period. Schnieders Capital Management LLC. boosted its position in Carrier Global by 33.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after acquiring an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of Carrier Global by 6.0% during the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after acquiring an additional 561 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. BNP Paribas Exane began coverage on Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 target price for the company. Wells Fargo & Company upped their price target on Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Wolfe Research increased their price objective on Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Evercore raised their price objective on Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Twelve analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and an average target price of $74.09.

Carrier Global Stock Performance

Carrier Global stock opened at $73.56 on Monday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $61.09 billion, a P/E ratio of 48.39, a PEG ratio of 2.95 and a beta of 1.34. The stock’s 50 day moving average is $66.28 and its 200 day moving average is $60.96.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts predict that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.3%. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.