Investors Buy Large Volume of Carrier Global Put Options (NYSE:CARR)

Carrier Global Corporation (NYSE:CARR) was the recipient of unusually large options trading activity on Thursday. Traders bought 18,275 put options on the stock. This represents an increase of approximately 189% compared to the average daily volume of 6,314 put options.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Zacks Research downgraded Carrier Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a research note on Friday, October 16th. Royal Bank Of Canada decreased their target price on Carrier Global from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday. JPMorgan Chase & Co. dropped their target price on shares of Carrier Global from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Wolfe Research reissued an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research report on Thursday, July 9th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.54.

Carrier Global Trading Down 3.8%

NYSE:CARR opened at $53.45 on Friday. The stock has a market capitalization of $44.06 billion, a PE ratio of -24.07, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. The firm’s 50 day moving average is $56.37 and its 200 day moving average is $61.71. Carrier Global has a 12 month low of $50.24 and a 12 month high of $76.76. The company has a current ratio of 1.00, a quick ratio of 0.72 and a debt-to-equity ratio of 0.96.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.09 billion. Carrier Global had a negative net margin of 7.90% and a positive return on equity of 16.99%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. Sell-side analysts expect that Carrier Global will post 2.89 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Thursday, October 29th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, October 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.8%. Carrier Global’s dividend payout ratio is presently -43.24%.

Institutional Trading of Carrier Global

A number of hedge funds and other institutional investors have recently modified their holdings of CARR. Johnson Financial Group Inc. purchased a new position in shares of Carrier Global in the second quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new position in Carrier Global during the second quarter valued at about $26,000. Latitude Advisors LLC acquired a new position in Carrier Global in the 3rd quarter valued at $27,000. Financial Management Professionals Inc. grew its position in shares of Carrier Global by 142.4% in the second 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. Finally, Downshift Financial LLC increased its stake in shares of Carrier Global by 69.5% in the third quarter. Downshift Financial LLC now owns 517 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Carrier Global

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Q3 results exceeded expectations: Carrier reported adjusted EPS of $0.87, above the $0.76 consensus estimate, while revenue increased 12.3% year over year to $6.26 billion, topping expectations of $6.09 billion. Carrier Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and backlog strengthened: Total orders rose approximately 35%, commercial HVAC orders increased about 60%, and data-center orders surged roughly 300%. Carrier also reported a record backlog exceeding $8.5 billion and signed long-term agreements worth multiple billions of dollars with minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
• Positive Sentiment: Full-year sales outlook improved: Management updated its 2026 guidance for higher sales, supported by HVAC demand, the backlog and tariff refunds. Operating cash flow was $813 million and free cash flow was $674 million; the company returned approximately $600 million to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
• Neutral Sentiment: Analysts remain broadly constructive, but targets were reduced: Citigroup cut its target to $71 while retaining a Buy rating; Wells Fargo lowered its target to $65 with an Overweight rating; RBC reduced its target to $70 with an Outperform rating; and BNP Paribas Exane cut its target to $60 while maintaining Neutral. The revisions still imply substantial potential upside, but signal more cautious valuation or earnings assumptions.
• Negative Sentiment: GAAP results were affected by an impairment charge: Carrier reported a goodwill impairment for the quarter, contributing to GAAP EPS of negative $3.16 despite positive adjusted earnings. Cost pressures and the lower analyst targets may be weighing on investor sentiment.
• Negative Sentiment: Bearish options activity increased: Traders purchased 18,275 put options, approximately 189% above typical daily put volume, indicating elevated demand for downside protection or speculative bearish positioning.

About Carrier Global

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.