Carrier Global Sees Unusually High Options Volume (NYSE:CARR)

Carrier Global Corporation (NYSE:CARR) saw some unusual options trading on Monday. Traders bought 42,658 put options on the company. This represents an increase of approximately 715% compared to the typical volume of 5,233 put options.

Carrier Global Stock Performance

NYSE CARR traded up $0.16 on Monday, reaching $55.81. 1,564,164 shares of the stock were exchanged, compared to its average volume of 7,478,025. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. Carrier Global has a one year low of $50.24 and a one year high of $81.09. The firm has a market capitalization of $46.63 billion, a PE ratio of 32.66, a PEG ratio of 2.27 and a beta of 1.32. The company’s 50-day simple moving average is $59.94 and its two-hundred day simple moving average is $58.13.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts expect that Carrier Global will post 2.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Carrier Global

A number of institutional investors have recently added to or reduced their stakes in the stock. KERR FINANCIAL PLANNING Corp purchased a new stake in Carrier Global in the 3rd quarter worth $25,000. YANKCOM Partnership increased its holdings in shares of Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth about $25,000. Winnow Wealth LLC bought a new position in Carrier Global during the second quarter valued at approximately $26,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Carrier Global during the 2nd quarter valued at approximately $26,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CARR. UBS Group dropped their target price on Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. The Goldman Sachs Group increased their price objective on shares of Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Mizuho dropped their price objective on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Rothschild & Co Redburn cut their target price on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.82.

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.