Pictet Asset Management Holding SA Sells 501,659 Shares of Carrier Global Corporation $CARR

Key Points

• Pictet Asset Management Holding SA reduced its stake in Carrier Global by 12.4%, selling 501,659 shares in Q4 and now holds 3,536,274 shares worth about $186.9M (0.42% of the company).
• Carrier missed Q4 estimates with EPS of $0.34 versus $0.36 expected and revenue down 6% year-over-year to $4.84B; the company set FY2026 guidance at 2.80 EPS (consensus ~2.74).
• Carrier announced a quarterly dividend of $0.24 (annualized $0.96, yield 1.5%), and Wall Street consensus is a Moderate Buy with an average target price of $69.69.

Pictet Asset Management Holding SA decreased its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,536,274 shares of the company's stock after selling 501,659 shares during the period. Pictet Asset Management Holding SA owned 0.42% of Carrier Global worth $186,867,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Carrier Global during the 3rd quarter worth approximately $25,000. YANKCOM Partnership grew its holdings in shares of Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company's stock worth $25,000 after acquiring an additional 208 shares during the period. Global Wealth Strategies & Associates grew its holdings in shares of Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company's stock worth $26,000 after acquiring an additional 300 shares during the period. True Wealth Design LLC grew its holdings in shares of Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company's stock worth $26,000 after acquiring an additional 427 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Carrier Global during the 4th quarter worth approximately $27,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Performance

Carrier Global stock opened at $61.95 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $51.75 billion, a P/E ratio of 36.23, a PEG ratio of 2.48 and a beta of 1.32. The stock's 50 day moving average is $59.79 and its 200 day moving average is $57.58. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The business's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 EPS. 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 2.74 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 Friday, May 22nd. Investors of record on Monday, May 4th will be paid a $0.24 dividend. The ex-dividend date is Monday, May 4th. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global's dividend payout ratio is presently 56.14%.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their target price on Carrier Global from $68.00 to $74.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Wells Fargo & Company reduced their target price on Carrier Global from $65.00 to $58.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 1st. BNP Paribas Exane initiated coverage on Carrier Global in a report on Tuesday, April 14th. They set a "neutral" rating and a $62.00 target price on the stock. Citigroup upped their target price on Carrier Global from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. upped their target price on Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, January 16th. Thirteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $69.69.

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.

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