Pictet Asset Management Holding SA Purchases 126,174 Shares of Carrier Global Co. (NYSE:CARR)

Pictet Asset Management Holding SA grew its position in shares of Carrier Global Co. (NYSE:CARR) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,080,842 shares of the company’s stock after buying an additional 126,174 shares during the period. Pictet Asset Management Holding SA’s holdings in Carrier Global were worth $415,078,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CARR. State Street Corp grew its stake in Carrier Global by 1.4% during the third quarter. State Street Corp now owns 33,665,505 shares of the company’s stock worth $2,709,736,000 after buying an additional 469,108 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Carrier Global by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 16,937,689 shares of the company’s stock worth $1,357,961,000 after acquiring an additional 289,439 shares during the period. Fisher Asset Management LLC boosted its position in shares of Carrier Global by 0.3% during the 4th quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock worth $977,028,000 after acquiring an additional 46,222 shares in the last quarter. FMR LLC increased its stake in Carrier Global by 36.2% in the third quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after acquiring an additional 2,320,909 shares during the last quarter. Finally, Norges Bank acquired a new position in Carrier Global during the fourth quarter valued at approximately $588,029,000. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays decreased their price target on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Wednesday. Citigroup dropped their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group began coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, February 24th. Finally, Wells Fargo & Company decreased their target price on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Five equities research 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.27.

Carrier Global Trading Down 1.9 %

NYSE CARR opened at $65.67 on Friday. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market capitalization 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 business’s 50-day moving average price is $66.21 and its two-hundred day moving average price is $71.86.

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

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.