Traders Purchase Large Volume of Put Options on Carrier Global (NYSE:CARR)

Key Points

• Unusually high bearish options activity: Traders purchased 38,966 put options on Carrier Global, roughly 584% above the typical volume of 5,698 contracts.
• Analyst sentiment remains generally positive: Carrier has a “Moderate Buy” consensus rating and an average price target of $73.67, despite some hold ratings.
• Recent results exceeded expectations: Carrier reported quarterly earnings of $0.86 per share and revenue of $6.35 billion, surpassing analyst estimates; institutional investors own approximately 91% of the company.

Carrier Global Corporation (NYSE:CARR - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock traders bought 38,966 put options on the stock. This represents an increase of approximately 584% compared to the typical volume of 5,698 put options.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CARR shares. Wolfe Research reiterated an "outperform" rating and issued a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. Citigroup upped their target price on shares of Carrier Global from $79.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Zacks Research upgraded shares of Carrier Global from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. Finally, Morgan Stanley boosted their price objective on Carrier Global from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $73.67.

Carrier Global Price Performance

Shares of NYSE CARR opened at $55.54 on Wednesday. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The firm's 50-day simple moving average is $62.78 and its 200 day simple moving average is $63.41. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The stock has a market cap of $45.78 billion, a P/E ratio of 38.57, a P/E/G ratio of 2.21 and a beta of 1.30.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company's quarterly revenue was up 3.9% compared to the same quarter last year. 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. Equities analysts expect that Carrier Global will post 2.87 EPS for the current year.

Institutional Trading of Carrier Global

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in Carrier Global during the second quarter worth about $590,759,000. Bank of America Corp DE bought a new stake in Carrier Global in the second quarter worth about $572,908,000. Norges Bank acquired a new stake in Carrier Global in the 4th quarter valued at about $380,299,000. Fiera Capital Corp lifted its holdings in Carrier Global by 5.3% in the 4th quarter. Fiera Capital Corp now owns 6,923,485 shares of the company's stock valued at $365,837,000 after acquiring an additional 348,812 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Carrier Global by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company's stock valued at $354,188,000 after purchasing an additional 246,723 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Company Profile

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.

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