Louisiana State Employees Retirement System Takes Position in Carrier Global Corporation $CARR

Louisiana State Employees Retirement System acquired a new position in Carrier Global Corporation (NYSE:CARR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,000 shares of the company’s stock, valued at approximately $2,252,000.

A number of other institutional investors also recently bought and sold shares of the stock. Becker Capital Management Inc. grew its stake in shares of Carrier Global by 5.6% during the 3rd quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after acquiring an additional 22,377 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Carrier Global by 6.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock worth $59,586,000 after acquiring an additional 72,906 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in Carrier Global during the 4th quarter worth approximately $1,556,000. Cardinal Capital Management Inc. raised its stake in Carrier Global by 11.3% during the 4th quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock worth $21,675,000 after acquiring an additional 41,647 shares during the period. Finally, Canoe Financial LP raised its stake in Carrier Global by 607.5% during the 4th quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock worth $63,146,000 after acquiring an additional 1,026,147 shares during the period. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Down 0.0%

NYSE CARR opened at $73.59 on Tuesday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The stock has a market cap of $61.12 billion, a PE ratio of 48.41, a P/E/G ratio of 2.95 and a beta of 1.34. The stock’s 50 day moving average is $66.55 and its 200 day moving average is $61.10.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts predict that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.3%. Carrier Global’s dividend payout ratio is currently 63.16%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CARR shares. Sanford C. Bernstein assumed coverage on shares of Carrier Global in a research report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 price target for the company. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Robert W. Baird lifted their target price on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. The Goldman Sachs Group upped their target price on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Finally, Evercore upped their target price on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.09.

Carrier Global Company Profile

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.