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

Key Points

• Unusually high bearish hedging: Investors traded 18,275 put options on Carrier Global, about 189% above its average daily volume. The stock fell 1.5% to $55.43.
• Quarterly results beat expectations: Carrier reported adjusted EPS of $0.87 versus the $0.76 consensus and revenue of $6.26 billion, up 12.3% year over year. However, GAAP EPS was negative $3.16 because of a goodwill impairment charge.
• Strong demand supports the outlook: Orders rose approximately 35%, including a 300% surge in data-center orders, while backlog exceeded $8.5 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $70.43, and the company declared a quarterly dividend of $0.24 per share.

Carrier Global Corporation (NYSE:CARR - Get Free Report) was the recipient of some unusual options trading on Thursday. Stock investors bought 18,275 put options on the stock. This is an increase of 189% compared to the average daily volume of 6,314 put options.

Carrier Global Stock Down 1.5%

Shares of Carrier Global stock traded down $0.84 on Thursday, hitting $55.43. The company had a trading volume of 10,948,290 shares, compared to its average volume of 6,716,584. Carrier Global has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The stock has a 50 day moving average of $56.62 and a 200-day moving average of $61.72. The stock has a market capitalization of $45.69 billion, a price-to-earnings ratio of 38.49, a P/E/G ratio of 1.92 and a beta of 1.29.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.11. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.09 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%. The business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. As a group, sell-side analysts forecast that Carrier Global will post 2.87 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, October 29th. Carrier Global's dividend payout ratio is currently 66.67%.

Carrier Global News Roundup

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Carrier reported third-quarter adjusted EPS of $0.87, ahead of the $0.76–$0.81 analyst estimates, while revenue rose 12% year over year to $6.26 billion, exceeding the $6.09 billion consensus. Carrier Reports Third Quarter 2026 Results
• Positive Sentiment: Demand indicators were strong: total orders increased approximately 35%, Commercial HVAC orders climbed about 60%, and data-center orders surged roughly 300%. The company also reported a record backlog above $8.5 billion and signed multibillion-dollar long-term agreements with minimum-volume commitments. Carrier Global Q3 2026 Data Center Orders
• Positive Sentiment: Carrier updated its 2026 outlook to reflect stronger sales, supported by HVAC demand, its backlog and tariff refunds. Operating cash flow was $813 million, free cash flow was $674 million, and the company returned approximately $600 million to shareholders through dividends and repurchases. Carrier Q3 Earnings and Guidance
• Neutral Sentiment: The company announced a planned investment exceeding $600 million in a new Fort Worth facility, potentially expanding long-term capacity but also increasing near-term capital requirements. Carrier Fort Worth Investment
• Negative Sentiment: GAAP EPS was a loss of $3.16 because of a goodwill impairment charge. Management also cited cost pressures, while unusually high put-option activity—18,275 contracts, about 189% above typical volume—signals increased investor hedging or bearish speculation.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of research analyst reports. Mizuho reduced their price target on Carrier Global from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, October 15th. Sanford C. Bernstein dropped their price objective on Carrier Global from $78.00 to $64.00 and set a "market perform" rating for the company in a report on Wednesday, October 7th. The Goldman Sachs Group lowered shares of Carrier Global from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $74.00 to $61.00 in a research report on Wednesday, October 14th. Royal Bank Of Canada dropped their target price on Carrier Global from $82.00 to $72.00 and set an "outperform" rating for the company in a research report on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Carrier Global from $71.00 to $64.00 and set a "hold" rating on the stock in a report on Wednesday, September 30th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.43.

Institutional Trading of Carrier Global

Several large investors have recently added to or reduced their stakes in CARR. Bank of New York Mellon Corp bought a new position in Carrier Global in the 2nd quarter valued at approximately $590,759,000. Bank of America Corp DE purchased a new position in shares of Carrier Global in the second quarter valued at $572,908,000. Legal & General Group Plc bought a new stake in Carrier Global in the second quarter worth $322,366,000. Primecap Management Co. CA bought a new position in shares of Carrier Global during the second quarter valued at approximately $283,585,000. Finally, Deutsche Bank AG bought a new position in Carrier Global in the 2nd quarter worth about $166,165,000. Institutional investors own 91.00% of the company's stock.

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, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.

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