Carrier Global Corporation $CARR Stake Raised by Pictet Asset Management Holding SA

Posted by Brenda Bartman on Nov 8th, 2026

Pictet Asset Management Holding SA raised its holdings in Carrier Global Corporation (NYSE:CARR – Free Report) by 15.7% in the third quarter, Holdings Channel.com reports. The fund owned 3,957,152 shares of the company’s stock after acquiring an additional 536,316 shares during the period. Pictet Asset Management Holding SA’s holdings in Carrier Global were worth $217,089,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in shares of Carrier Global in the 2nd quarter worth approximately $590,759,000. Bank of America Corp DE bought a new stake in shares of Carrier Global in the 2nd quarter worth approximately $572,908,000. Dimensional Fund Advisors LP lifted its stake in Carrier Global by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company’s stock valued at $354,188,000 after purchasing an additional 246,723 shares during the last quarter. Legal & General Group Plc acquired a new stake in Carrier Global during the second quarter valued at approximately $322,366,000. Finally, Primecap Management Co. CA acquired a new stake in Carrier Global during the second quarter valued at approximately $283,585,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CARR shares. Weiss Ratings cut shares of Carrier Global from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, October 30th. Wells Fargo & Company dropped their price target on Carrier Global from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Mizuho cut their price objective on Carrier Global from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. JPMorgan Chase & Co. reduced their price objective on Carrier Global from $61.00 to $60.00 and set a “neutral” rating for the company in a research note on Friday, October 30th. Finally, Robert W. Baird decreased their target price on Carrier Global from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, November 2nd. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and an average price target of $69.27.

Get Our Latest Stock Report on CARR

Carrier Global Stock Performance

Carrier Global stock opened at $52.44 on Friday. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The firm’s 50 day simple moving average is $55.87 and its 200-day simple moving average is $61.68. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.68. The company has a market cap of $42.91 billion, a P/E ratio of -23.62, a price-to-earnings-growth ratio of 1.91 and a beta of 1.33.

Carrier Global (NYSE:CARR – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. Carrier Global had a negative net margin of 7.90% and a positive return on equity of 16.99%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts predict that Carrier Global Corporation will post 2.86 EPS for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, October 29th. Carrier Global’s payout ratio is -43.24%.

About Carrier Global

(Free Report)

Carrier Global Corporation develops and provides heating, ventilation, air conditioning and refrigeration systems, along with related building technologies. Its products and services serve residential, commercial and industrial customers, as well as applications that require temperature-controlled transportation and storage.

The company’s offerings include heating and cooling equipment, building automation and energy-management solutions, and fire and security systems. Its portfolio includes brands such as Carrier, Bryant and Kidde, and it provides installation, maintenance and other services to support its equipment.

Carrier traces its origins to 1915, when Willis Carrier founded the company that pioneered modern air conditioning.