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

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

Carrier Global Stock Down 1.5%

Shares of CARR stock traded down $1.03 during midday trading on Monday, reaching $67.66. 1,592,908 shares of the stock were exchanged, compared to its average volume of 6,868,807. Carrier Global has a 1 year low of $50.24 and a 1 year high of $81.09. The firm has a market cap of $56.19 billion, a PE ratio of 44.48, a price-to-earnings-growth ratio of 2.75 and a beta of 1.31. The company’s 50 day moving average is $68.27 and its two-hundred day moving average is $62.70. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76.

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

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be issued 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 is Tuesday, July 21st. Carrier Global’s payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Evercore boosted their target price on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Sanford C. Bernstein assumed coverage on Carrier Global in a research note on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 price target for the company. BNP Paribas Exane started coverage on shares of Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target on the stock. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Finally, Mizuho upped their price objective on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target of $73.51.

Institutional Trading of Carrier Global

Hedge funds and other institutional investors have recently modified their holdings of the business. Dynamic Advisor Solutions LLC raised its position in Carrier Global by 2.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock worth $426,000 after buying an additional 158 shares during the last quarter. Aigen Investment Management LP boosted its holdings in shares of Carrier Global by 0.3% during the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after acquiring an additional 166 shares during the last quarter. Advisory Alpha LLC boosted its holdings in shares of Carrier Global by 2.9% during the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after acquiring an additional 171 shares during the last quarter. Texas Bank & Trust Co grew its stake in shares of Carrier Global by 1.3% in the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after acquiring an additional 175 shares during the period. Finally, Advisor OS LLC raised its holdings in shares of Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after purchasing an additional 178 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

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.