Carrier Global (CARR) Plunges 1.29% in Two Days on Earnings Miss, Revised Guidance

Carrier Global (CARR) fell 0.13% on Friday, marking its second consecutive day of declines with a two-day drop of 1.29%. The stock hit its lowest level since April 2025, with an intraday decline of 1.21%, signaling renewed investor caution amid recent developments.

Recent institutional activity has shown a divided outlook among investors. Funds such as Graham Capital and Alamea increased their stakes, while others like Lansforsakringar and Brasada trimmed positions. This mixed activity reflects uncertainty around the company’s revised guidance for its residential segment, which cited a delayed summer season impacting sales of HVAC and refrigeration products.

The company’s second-quarter results showed a 26% year-over-year jump in adjusted earnings per share to $0.92, outpacing expectations. However, revenue of $6.11 billion fell short, raising concerns about scaling sales despite cost efficiencies. The downward adjustment in guidance, attributed to seasonal delays, has led to skepticism about the sustainability of growth in key markets.

Despite a bullish comment from analyst Jim Cramer, the stock’s 11.4% drop following the earnings report underscored the market’s focus on financial performance over expert opinions. The recent underperformance compared to peers in the HVAC sector further amplified investor concerns, with the stock now trading 13.5% below its 52-week high.

Carrier Global’s participation in Morgan Stanley’s Laguna Conference aims to address market concerns and showcase strategic initiatives. While the event may not immediately impact the stock, it signals the company’s commitment to investor engagement. The long-term growth potential, evidenced by a 163% return since 2020, contrasts with recent volatility, as investors weigh near-term challenges against historical performance.