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

Carrier Global Corporation (NYSE:CARR) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 10,487 put options on the stock. This represents an increase of 90% compared to the average daily volume of 5,531 put options.

Analysts Set New Price Targets

Several brokerages have recently commented on CARR. Mizuho reduced their target price on shares of Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Zacks Research lowered shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Barclays dropped their price objective on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Citigroup lifted their target price on shares of Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, UBS Group reduced their target price on Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target of $70.60.

Carrier Global Trading Down 2.1%

CARR stock opened at $62.97 on Friday. The stock has a market cap of $52.63 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 2.59 and a beta of 1.33. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. Carrier Global has a one year low of $50.24 and a one year high of $81.09. The company has a fifty day moving average price of $57.51 and a two-hundred day moving average price of $58.86.

Carrier Global (NYSE:CARR) last released 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 business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same quarter last year, the company posted $0.54 earnings per share. The company’s 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. Equities analysts anticipate that Carrier Global will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th were given a $0.24 dividend. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, January 20th. Carrier Global’s dividend payout ratio (DPR) is presently 56.14%.

Carrier Global declared that its board has initiated a share buyback plan on Tuesday, October 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Carrier Global

Hedge funds have recently made changes to their positions in the stock. AdvisorShares Investments LLC bought a new position in Carrier Global in the 2nd quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Carrier Global during the 3rd quarter valued at $25,000. YANKCOM Partnership boosted its holdings in shares of Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares in the last quarter. Torren Management LLC bought a new stake in Carrier Global during the 4th quarter worth $25,000. Finally, Winnow Wealth LLC acquired a new position in Carrier Global in the 2nd quarter worth about $26,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

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.