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

Carrier Global Corporation (NYSE:CARR) saw unusually large options trading activity on Monday. Investors acquired 42,658 put options on the stock. This represents an increase of approximately 715% compared to the average volume of 5,233 put options.

Institutional Trading of Carrier Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. World Investment Advisors lifted its stake in shares of Carrier Global by 70.9% during the fourth quarter. World Investment Advisors now owns 14,559 shares of the company’s stock worth $769,000 after buying an additional 6,042 shares during the period. Meadowbrook Advisors Group LLC purchased a new position in shares of Carrier Global in the fourth quarter worth about $240,000. Corient Private Wealth LLC raised its stake in shares of Carrier Global by 12.8% in the fourth quarter. Corient Private Wealth LLC now owns 449,482 shares of the company’s stock worth $23,852,000 after purchasing an additional 50,847 shares during the last quarter. Auto Owners Insurance Co lifted its holdings in shares of Carrier Global by 5,184.0% during the fourth quarter. Auto Owners Insurance Co now owns 675,665 shares of the company’s stock worth $3,570,000 after purchasing an additional 662,878 shares during the period. Finally, Union Savings Bank purchased a new stake in Carrier Global in the fourth quarter valued at approximately $59,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the subject of a number of recent research reports. Rothschild & Co Redburn dropped their price objective on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research note on Wednesday, January 21st. Wells Fargo & Company increased their price target on shares of Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. CICC Research dropped their price target on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Finally, Citigroup raised their price objective on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Twelve equities 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 company’s stock. According to data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and an average target price of $70.82.

Carrier Global Trading Up 0.3%

Shares of Carrier Global stock traded up $0.16 during trading on Monday, hitting $55.81. The stock had a trading volume of 1,564,164 shares, compared to its average volume of 7,478,025. Carrier Global has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The firm’s fifty day simple moving average is $59.94 and its 200-day simple moving average is $58.13. The stock has a market cap of $46.63 billion, a PE ratio of 32.66, a PEG ratio of 2.27 and a beta of 1.32.

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

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.