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

Carrier Global Corporation (NYSE:CARR) was the target of some unusual options trading on Monday. Stock traders acquired 42,658 put options on the company. This represents an increase of approximately 715% compared to the average volume of 5,233 put options.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $55.85 on Tuesday. The company’s fifty day simple moving average is $59.98 and its two-hundred day simple moving average is $58.06. Carrier Global has a 12-month low of $50.24 and a 12-month high of $81.09. The firm has a market cap of $46.66 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 2.27 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80.

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

Institutional Investors Weigh In On Carrier Global

Several institutional investors and hedge funds have recently bought and sold shares of CARR. Twin Peaks Wealth Advisors LLC bought a new position in shares of Carrier Global during the second quarter valued at approximately $26,000. Winnow Wealth LLC purchased a new stake in Carrier Global in the second quarter worth $26,000. Traub Capital Management LLC purchased a new stake in Carrier Global in the second quarter worth $27,000. KERR FINANCIAL PLANNING Corp bought a new stake in Carrier Global in the third quarter valued at $25,000. Finally, Clayton Financial Group LLC bought a new stake in Carrier Global in the third quarter valued at $26,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CARR shares. Royal Bank Of Canada lifted their price target on Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Friday, February 6th. Rothschild & Co Redburn decreased their price objective on Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Morgan Stanley set a $55.00 target price on Carrier Global in a research report on Thursday, January 8th. Argus upped their target price on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Mizuho reduced their price target on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Twelve 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.