Louisiana State Employees Retirement System Makes New $2.25 Million Investment in Carrier Global Corporation $CARR

Louisiana State Employees Retirement System bought a new position in shares of Carrier Global Corporation (NYSE:CARR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $2,252,000.

Several other institutional investors have also recently made changes to their positions in CARR. Brighton Jones LLC raised its holdings in Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of 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 buying an additional 23,200 shares in the last quarter. United Bank grew its position 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 buying an additional 4,956 shares during the period. Schnieders Capital Management LLC. increased its stake 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 acquiring an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position in Carrier Global by 6.0% during the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after acquiring an additional 561 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 0.0%

Carrier Global stock opened at $73.59 on Tuesday. The stock has a market cap of $61.12 billion, a PE ratio of 48.41, a price-to-earnings-growth ratio of 2.95 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09. The stock has a fifty day moving average of $66.55 and a 200 day moving average of $61.10.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating 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 return on equity of 14.81% and a net margin of 5.99%.Carrier Global’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, sell-side analysts predict that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a $0.24 dividend. 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 is 63.16%.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of recent research reports. Citigroup upped their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Evercore upped their price target on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Twelve research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.