Trane Technologies plc (NYSE:TT) Receives $467.80 Consensus Target Price from Brokerages

Shares of Trane Technologies plc (NYSE:TT) have been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $474.60.

A number of research firms have recently commented on TT. Barclays reduced their price objective on shares of Trane Technologies from $506.00 to $505.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group cut their price target on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Melius upgraded Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price target for the company in a report on Wednesday. Melius Research raised Trane Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, October 8th.

Trane Technologies Trading Up 0.9%

Shares of Trane Technologies stock opened at $381.74 on Wednesday. The firm’s 50 day moving average is $404.62 and its 200 day moving average is $419.07. The firm has a market capitalization of $84.65 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.21. Trane Technologies has a 1 year low of $298.15 and a 1 year high of $476.18. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.08. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Equities research analysts forecast that Trane Technologies will post 12.83 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $440.00, for a total value of $264,000.00. Following the sale, the chief accounting officer owned 7,148 shares in the company, valued at $3,145,120. This represents a 7.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TT. Clear Trail Advisors LLC purchased a new position in Trane Technologies in the 4th quarter worth approximately $1,245,000. SG Americas Securities LLC grew its position in Trane Technologies by 13,460.8% in the fourth quarter. SG Americas Securities LLC now owns 423,504 shares of the company’s stock worth $164,828,000 after acquiring an additional 420,381 shares in the last quarter. Breakwater Capital Group grew its position in Trane Technologies by 1.8% in the fourth quarter. Breakwater Capital Group now owns 12,767 shares of the company’s stock worth $4,969,000 after acquiring an additional 225 shares in the last quarter. Carr Financial Group Corp increased its stake in Trane Technologies by 5.5% in the fourth quarter. Carr Financial Group Corp now owns 821 shares of the company’s stock valued at $320,000 after acquiring an additional 43 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in Trane Technologies by 24.0% during the fourth quarter. Fulton Bank N.A. now owns 2,337 shares of the company’s stock valued at $910,000 after purchasing an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Company Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.