Pictet Asset Management Holding SA Decreases Position in Carrier Global Corporation $CARR

Pictet Asset Management Holding SA lessened its position in Carrier Global Corporation (NYSE:CARR) by 11.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. 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’s holdings in Carrier Global were worth $175,895,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after acquiring an additional 1,850 shares in the last quarter. AQR Capital Management LLC boosted its stake in Carrier Global by 51.5% during the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after purchasing an additional 23,200 shares during the last quarter. United Bank increased its holdings in shares of Carrier Global by 41.2% in the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after purchasing an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Carrier Global by 33.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after purchasing an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Carrier Global by 6.0% in the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after purchasing an additional 561 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

NYSE CARR opened at $73.56 on Monday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The firm 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 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 50-day moving average price of $66.28 and a 200-day moving average price of $60.96.

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

Carrier Global Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently commented on CARR. Sanford C. Bernstein began coverage on Carrier Global in a research report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price objective on the stock. Evercore upped their target price on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Royal Bank Of Canada raised their price target on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Wells Fargo & Company lifted their price target on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Finally, Rothschild & Co Redburn increased their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Twelve investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $74.09.

About Carrier Global

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.