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

Carrier Global Corporation (NYSE:CARR) was the target of some unusual options trading activity on Wednesday. Stock investors acquired 13,601 put options on the stock. This represents an increase of 174% compared to the average volume of 4,958 put options.

Carrier Global Price Performance

CARR stock traded down $0.17 during trading on Wednesday, hitting $63.45. 1,972,906 shares of the stock traded hands, compared to its average volume of 6,962,274. The stock has a market cap of $52.30 billion, a price-to-earnings ratio of 44.06, a P/E/G ratio of 2.45 and a beta of 1.31. Carrier Global has a one year low of $50.24 and a one year high of $76.76. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The company has a 50 day simple moving average of $68.47 and a 200 day simple moving average of $63.94.

Carrier Global (NYSE:CARR) last issued 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 firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $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 2.89 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

Hedge Funds Weigh In On Carrier Global

Institutional investors and hedge funds have recently bought and sold shares of the business. CFO4Life Group LLC bought a new stake in shares of Carrier Global during the second quarter worth $545,000. Evolve Private Wealth LLC bought a new position in shares of Carrier Global in the second quarter valued at about $315,000. Madison Wealth Partners Inc acquired a new position in Carrier Global during the 2nd quarter worth about $294,000. Varma Mutual Pension Insurance Co acquired a new position in Carrier Global during the 2nd quarter worth about $14,934,000. Finally, Westpac Banking Corp bought a new stake in Carrier Global during the 2nd quarter worth about $57,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on CARR shares. Evercore increased their price target on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Royal Bank Of Canada upped their price objective on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Barclays raised their target price on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Carrier Global in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

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.