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

Carrier Global Corporation (NYSE:CARR) was the target of some unusual options trading on Monday. Stock traders purchased 15,197 put options on the company. This represents an increase of approximately 241% compared to the typical volume of 4,452 put options.

Analysts Set New Price Targets

CARR has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Wolfe Research restated an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. Royal Bank Of Canada lifted their target price on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Mizuho upped their price target on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Finally, The Goldman Sachs Group upped their price target on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.51.

Carrier Global Trading Down 2.3%

Shares of CARR stock opened at $67.08 on Tuesday. Carrier Global has a 52-week low of $50.24 and a 52-week high of $81.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The company has a 50-day simple moving average of $68.30 and a two-hundred day simple moving average of $62.80. The company has a market capitalization of $55.71 billion, a price-to-earnings ratio of 44.13, a PEG ratio of 2.75 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts anticipate that Carrier Global will post 2.79 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Management Professionals Inc. increased its position in shares of Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares during the last quarter. Torren Management LLC purchased a new position in shares of Carrier Global in the 4th quarter worth about $25,000. YANKCOM Partnership grew its position in Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after buying an additional 208 shares during the period. True Wealth Design LLC grew its position in Carrier Global by 723.7% during the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after buying an additional 427 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in Carrier Global during the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

About Carrier Global

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.