Why Carrier Global (CARR) Stock Fell 3.5% Today

Carrier Global Corporation (CARR) is down 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a mixed reaction to Carrier’s third-quarter 2026 results. While the company posted solid sales and adjusted earnings growth, investors seem focused on margin pressure, a lower margin outlook in parts of the business, and a large non-cash goodwill impairment tied to Europe, which may have overshadowed the headline beat.

Details:

Carrier reported third-quarter net sales of about $6.3 billion and adjusted EPS of $0.87, with organic growth supported by commercial HVAC demand, data-center activity, and an improving residential market.

Management also discussed slower-than-expected price realization and higher input costs, including tariff-related pressure, which appears to have weighed on sentiment despite the revenue and earnings beat.

The company recorded a roughly $3.1 billion non-cash goodwill impairment in its Europe reporting unit, producing a GAAP loss for the quarter even though adjusted results remained profitable.

Carrier raised its sales outlook for 2026 but kept adjusted operating profit around $3.5 billion, suggesting stronger revenue is not fully translating into higher profit expectations.

Sources:

Carrier, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CARR Insider Trading Activity

$CARR insiders have traded $CARR stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $CARR stock by insiders over the last 6 months:

MAXIMILIAN VIESSMANN sold 12,094,823 shares for an estimated $749,999,974

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$CARR Hedge Fund Activity

We have seen 730 institutional investors add shares of $CARR stock to their portfolio, and 680 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 34,487,524 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,529,659,885
CAPITAL INTERNATIONAL INVESTORS removed 10,412,423 shares (-97.2%) from their portfolio in Q2 2026, for an estimated $763,751,227
CAPITAL RESEARCH GLOBAL INVESTORS removed 10,327,315 shares (-8.9%) from their portfolio in Q2 2026, for an estimated $757,508,555
BLACKROCK, INC. added 9,297,537 shares (+16.1%) to their portfolio in Q2 2026, for an estimated $681,974,338
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 5,012,629 shares (+inf%) to their portfolio in Q2 2026, for an estimated $367,676,337
D. E. SHAW & CO., INC. removed 3,920,919 shares (-73.4%) from their portfolio in Q2 2026, for an estimated $287,599,408
FRANKLIN RESOURCES INC added 3,555,010 shares (+366.5%) to their portfolio in Q2 2026, for an estimated $260,759,983

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CARR Government Contracts

We have seen $2,992,824 of award payments to $CARR over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

MAINTENANCE OF THE HVAC/PLUMBING BUILDING AUTOMATION SYSTEM AND DIRECT DIGITAL CONTROLS SYSTEM (WEBCTRL) AT...: $260,511
BELL BUILDING CHILLER REPLACE: $212,638
WEBCTRL BUILDING AUTOMATION SYSTEM MAINTENANCE SERVICES. BASE PLUS 4 OPTION YEARS: $155,017

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$CARR Congressional Stock Trading

Members of Congress have traded $CARR stock 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $CARR stock by members of Congress over the last 6 months:

REPRESENTATIVE KEVIN HERN sold up to $15,000 on 08/14.
REPRESENTATIVE MARIA ELVIRA SALAZAR has traded it 4 times. They made 2 purchases worth up to $65,000 on 05/01 and 2 sales worth up to $65,000 on 07/28.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$CARR Price Targets

Multiple analysts have issued price targets for $CARR recently. We have seen 3 analysts offer price targets for $CARR in the last 6 months, with a median target of $67.0.

Here are some recent targets:

Varun Govindaraj from Bernstein set a target price of $75.0 on 06/10/2026
Chris Snyder from Morgan Stanley set a target price of $60.0 on 05/28/2026
Patrick Baumann from JP Morgan set a target price of $67.0 on 05/14/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.