Investors Buy High Volume of Carrier Global Put Options (NYSE:CARR)

Carrier Global Corporation (NYSE:CARR) saw unusually large options trading activity on Wednesday. Stock traders purchased 38,966 put options on the company. This is an increase of 584% compared to the average daily volume of 5,698 put options.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $54.40 on Friday. Carrier Global has a 1 year low of $50.24 and a 1 year high of $76.76. The firm’s 50-day moving average is $62.27 and its 200 day moving average is $63.28. The stock has a market cap of $44.84 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 2.09 and a beta of 1.30. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts anticipate that Carrier Global will post 2.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CARR. Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Morgan Stanley raised their target price on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Wolfe Research restated an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Citigroup upped their price target on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.60.

Institutional Trading of Carrier Global

A number of large investors have recently made changes to their positions in CARR. Johnson Financial Group Inc. purchased a new stake in Carrier Global in the second quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new stake in Carrier Global during the 2nd quarter valued at $26,000. Financial Management Professionals Inc. lifted its holdings in shares of Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after buying an additional 225 shares during the period. Burnham & Co LLC bought a new position in shares of Carrier Global during the 2nd quarter valued at $37,000. Finally, Signature Equity Partners LLC boosted its stake in shares of Carrier Global by 449.2% in the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after buying an additional 530 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

About Carrier Global

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air conditioning (HVAC) systems and related controls, building automation technologies, and services designed to improve indoor comfort, energy efficiency and building performance.

Carrier also provides refrigeration equipment and systems for commercial, industrial and transportation applications, supporting food preservation and cold-chain operations.