Pictet Asset Management Holding SA Has $415.08 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Pictet Asset Management Holding SA boosted its position in shares of Carrier Global Co. (NYSE:CARR) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,080,842 shares of the company’s stock after purchasing an additional 126,174 shares during the quarter. Pictet Asset Management Holding SA owned 0.68% of Carrier Global worth $415,078,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CARR. BOK Financial Private Wealth Inc. lifted its holdings 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 purchasing an additional 160 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in Carrier Global during the 3rd quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global in the fourth quarter valued at approximately $31,000. Roxbury Financial LLC acquired a new position in shares of Carrier Global in the fourth quarter valued at approximately $49,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of Carrier Global during the fourth quarter worth $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR opened at $65.67 on Friday. The company has a market cap of $56.74 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The firm has a 50-day moving average of $66.21 and a 200-day moving average of $71.86. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same quarter last year, the firm posted $0.53 EPS. As a group, equities analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CARR shares. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research note on Friday, February 14th. Royal Bank of Canada cut their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group assumed coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Monday, February 24th. Finally, Barclays decreased their price target on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Wednesday. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.27.

Carrier Global 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.