Trane Technologies (NYSE:TT – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.
Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. BNP Paribas Exane began coverage on shares of Trane Technologies in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $550.00 target price on the stock. Barclays increased their price target on shares of Trane Technologies from $507.00 to $585.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Royal Bank Of Canada cut their price objective on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. Finally, KeyCorp increased their target price on Trane Technologies from $525.00 to $555.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Trane Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $520.07.
Read Our Latest Analysis on Trane Technologies
Trane Technologies Price Performance
Trane Technologies (NYSE:TT – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.Trane Technologies’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Sell-side analysts expect that Trane Technologies will post 15.31 earnings per share for the current fiscal year.
Insider Activity
In other news, CEO David S. Regnery sold 43,778 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the transaction, the chief executive officer directly owned 96,950 shares of the company’s stock, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.
Institutional Investors Weigh In On Trane Technologies
Several institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in Trane Technologies by 64.0% in the 4th quarter. Farther Finance Advisors LLC now owns 7,478 shares of the company’s stock valued at $2,911,000 after purchasing an additional 2,917 shares in the last quarter. Dara Capital US Inc. acquired a new position in shares of Trane Technologies during the fourth quarter worth about $966,000. Horizon Investments LLC increased its stake in shares of Trane Technologies by 115.4% during the fourth quarter. Horizon Investments LLC now owns 30,560 shares of the company’s stock worth $11,894,000 after buying an additional 16,370 shares during the period. LBP AM SA raised its holdings in Trane Technologies by 153.0% in the fourth quarter. LBP AM SA now owns 54,112 shares of the company’s stock valued at $21,060,000 after acquiring an additional 32,724 shares in the last quarter. Finally, FSA Advisors Inc. acquired a new stake in Trane Technologies in the fourth quarter valued at approximately $6,588,000. Institutional investors and hedge funds own 82.97% of the company’s stock.
About Trane Technologies
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.
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