Carrier Global (NYSE:CARR) Shares Down 9.4% – What’s Next?

Carrier Global Corporation (NYSE:CARR) dropped 9.4% on Tuesday . The stock traded as low as $62.63 and last traded at $62.8260. Approximately 10,436,886 shares changed hands during trading, an increase of 51% from the average session volume of 6,908,430 shares. The stock had previously closed at $69.33.

Carrier Global News Summary

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

• Positive Sentiment: Carrier reported second-quarter adjusted earnings of $0.86 per share, exceeding the $0.82 analyst consensus, while revenue of $6.35 billion surpassed estimates of approximately $6.02 billion and increased 3.9% year over year. Carrier Global Q2 earnings report
• Positive Sentiment: Management raised its 2026 outlook to roughly $23 billion in sales and $2.90 in adjusted EPS, above analysts’ prior expectations of about $22.2 billion and $2.80, respectively. The company also increased its full-year outlook for adjusted operating profit. Carrier Reports Second Quarter 2026 Results
• Positive Sentiment: Commercial HVAC momentum remains a key catalyst: HVAC orders rose year over year, supported by strong data-center demand. Carrier now expects data-center revenue of approximately $2 billion, strengthening the growth outlook for its commercial businesses. Carrier Q2 earnings and HVAC orders
• Neutral Sentiment: Carrier agreed to sell its NORESCO energy-services business to OPTERRA Energy Services, an LS Power subsidiary. The transaction should simplify the portfolio and sharpen focus on climate and HVAC solutions, although financial terms and the effect on earnings were not disclosed. Carrier announces NORESCO sale
• Negative Sentiment: Despite the earnings beat, quarterly EPS declined from $0.92 a year earlier, and reports cited margin pressure. With CARR trading at a relatively elevated valuation, investors may be demanding stronger profit growth, contributing to the stock’s weaker reaction to the results. Why Carrier Global stock is falling

Analysts Set New Price Targets

CARR has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Evercore upped their target price on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Morgan Stanley increased their price target on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Mizuho lifted their price target on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Finally, Barclays lifted their price target on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $73.51.

Carrier Global Stock Down 9.0%

The firm has a market capitalization of $52.39 billion, a P/E ratio of 41.74, a P/E/G ratio of 2.76 and a beta of 1.31. The company has a fifty day simple moving average of $68.60 and a 200 day simple moving average of $63.33. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities analysts expect that Carrier Global Corporation will post 2.79 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s payout ratio is 63.16%.

Institutional Investors Weigh In On Carrier Global

Institutional investors have recently made changes to their positions in the company. YANKCOM Partnership raised its holdings in Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after acquiring an additional 208 shares during the last quarter. Torren Management LLC purchased a new stake in Carrier Global during the 4th quarter valued at $25,000. Financial Management Professionals Inc. increased its holdings in shares of Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Carrier Global in the 4th quarter worth $33,000. Finally, Signature Equity Partners LLC raised its stake in shares of Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after purchasing an additional 530 shares during the last quarter. 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.