Carrier Global (NYSE:CARR) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

Posted by Brian Himes on Oct 29th, 2026

Carrier Global Corporation (NYSE:CARR – Get Free Report) shares passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $56.72 and traded as high as $58.00. Carrier Global shares last traded at $57.8740, with a volume of 4,829,954 shares.

Key Stories Impacting Carrier Global

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

Positive Sentiment: Carrier delivered adjusted EPS of $0.87, above estimates of approximately $0.76–$0.81, while revenue rose 12.3% year over year to $6.26 billion, beating the $6.09 billion consensus. Carrier Reports Third Quarter 2026 Results
Positive Sentiment: Demand trends were particularly strong: total orders increased about 35%, commercial HVAC orders rose roughly 60%, and data-center orders surged approximately 300%. Carrier also reported a record backlog exceeding $8.5 billion and signed long-term agreements worth multiple billions with minimum volume commitments. Carrier Q3 Earnings Call Highlights
Positive Sentiment: Management raised its 2026 sales outlook, supported by backlog growth, HVAC demand and tariff refunds. The company generated $813 million in operating cash flow and $674 million in free cash flow, while returning approximately $600 million to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
Neutral Sentiment: Carrier announced a planned investment of more than $600 million in expansion, which could increase capacity for longer-term HVAC and data-center growth but may require substantial near-term capital spending. Carrier Announces Expansion
Negative Sentiment: GAAP EPS was a loss of $3.16, primarily because of a goodwill impairment charge. Although excluded from adjusted results, the charge highlights portfolio and execution concerns and may weigh on investor sentiment. Carrier Goodwill Impairment Charge
Negative Sentiment: Management continues to face tariff, input-cost and margin pressures, while unusually heavy put-option activity—18,275 contracts, about 189% above average—signals increased near-term hedging or bearish speculation.

Analyst Ratings Changes

CARR has been the topic of several recent research reports. Mizuho dropped their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a research note on Friday, October 16th. Citigroup boosted their price target on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Finally, Royal Bank Of Canada cut their price objective on shares of Carrier Global from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Wednesday, October 14th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Read Our Latest Research Report on Carrier Global

Carrier Global Stock Down 1.5%

The stock’s fifty day moving average is $56.50 and its two-hundred day moving average is $61.72. 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 firm has a market cap of $45.69 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 1.92 and a beta of 1.29.

Carrier Global (NYSE:CARR – Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.11. The business had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS. As a group, research analysts anticipate that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, October 29th. Carrier Global’s dividend payout ratio is 66.67%.

Institutional Trading of Carrier Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Welch Group LLC raised its holdings in Carrier Global by 10.3% during the third quarter. Welch Group LLC now owns 169,400 shares of the company’s stock worth $9,293,000 after purchasing an additional 15,755 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Carrier Global during the 3rd quarter worth approximately $12,058,000. ProShare Advisors LLC boosted its holdings in shares of Carrier Global by 7.0% in the 3rd quarter. ProShare Advisors LLC now owns 127,970 shares of the company’s stock valued at $7,020,000 after buying an additional 8,322 shares in the last quarter. Vise Technologies Inc. raised its stake in Carrier Global by 7.4% during the 3rd quarter. Vise Technologies Inc. now owns 36,856 shares of the company’s stock worth $2,022,000 after acquiring an additional 2,524 shares in the last quarter. Finally, Cidel Asset Management Inc. lifted its position in Carrier Global by 11.8% in the third quarter. Cidel Asset Management Inc. now owns 5,761 shares of the company’s stock valued at $316,000 after acquiring an additional 607 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

About Carrier Global

(Get Free Report)

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.