Brokerages Set Trane Technologies plc (NYSE:TT) Target Price at $521.50

Trane Technologies plc (NYSE:TTGet Free Report) has received a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven 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 covered the stock in the last year is $521.50.

TT has been the topic of a number of recent research reports. Sanford C. Bernstein raised their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Royal Bank Of Canada cut their price objective on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Citigroup decreased their target price on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Weiss Ratings raised shares of Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. Finally, Wall Street Zen cut Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th.

View Our Latest Analysis on Trane Technologies

Insider Buying and Selling

In other Trane Technologies news, CEO David Regnery sold 43,778 shares of Trane Technologies stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the completion of the transaction, the chief executive officer directly owned 96,950 shares of the company’s stock, valued at $46,051,250. The trade was a 31.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. SEB Asset Management AB bought a new position in shares of Trane Technologies during the first quarter worth about $47,195,000. North Dakota State Investment Board bought a new stake in Trane Technologies in the fourth quarter valued at approximately $2,976,000. Nicholson Wealth Management Group LLC acquired a new stake in Trane Technologies during the 1st quarter valued at approximately $1,644,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Trane Technologies by 54.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,153 shares of the company’s stock valued at $41,321,000 after purchasing an additional 34,930 shares during the period. Finally, Rathbones Group PLC raised its holdings in Trane Technologies by 3.6% during the 4th quarter. Rathbones Group PLC now owns 68,570 shares of the company’s stock worth $26,687,000 after purchasing an additional 2,375 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Down 0.2%

Trane Technologies stock opened at $421.89 on Monday. The stock has a market cap of $92.82 billion, a P/E ratio of 31.96, a P/E/G ratio of 2.02 and a beta of 1.19. The company’s 50-day moving average price is $461.55 and its two-hundred day moving average price is $459.13. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. Trane Technologies has a twelve month low of $348.06 and a twelve month high of $505.87.

Trane Technologies (NYSE:TTGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, analysts expect that Trane Technologies will post 15.31 EPS for the current year.

Trane Technologies Company Profile

(Get Free Report)

Trane Technologies plc is a global climate-focused company that designs, manufactures and services solutions for heating, ventilation and air conditioning (HVAC), as well as transport refrigeration. Its offerings include commercial and residential HVAC systems, building controls, energy-efficiency solutions, aftermarket services and parts, and related building-management technologies.

The company also serves the transportation market through refrigeration and temperature-control systems for trucks, trailers, rail cars and other applications.

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Analyst Recommendations for Trane Technologies (NYSE:TT)

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