Wells Fargo & Company Upgrades Trane Technologies (NYSE:TT) to Strong-Buy

Posted by Geri Gentry on Sep 26th, 2026

Trane Technologies (NYSE:TT – Get Free Report) was upgraded by research analysts at Wells Fargo & Company to a “strong-buy” rating in a research note issued on Thursday, Zacks reports.

A number of other equities research analysts also recently weighed in on TT. Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Royal Bank Of Canada dropped 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 research note on Friday, July 31st. Sanford C. Bernstein raised their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Citigroup lowered 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 note on Friday, July 31st. Finally, Weiss Ratings raised shares of Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $531.21.

Read Our Latest Analysis on Trane Technologies

Trane Technologies Price Performance

NYSE:TT opened at $454.61 on Thursday. The company has a fifty day moving average price of $455.82 and a 200 day moving average price of $458.55. The stock has a market cap of $100.02 billion, a P/E ratio of 34.44, a PEG ratio of 2.10 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. Trane Technologies has a one year low of $348.06 and a one year high of $505.87.

Trane Technologies (NYSE:TT – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share 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 analysts’ expectations of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Analysts anticipate that Trane Technologies will post 15.31 earnings per share for the current year.

Insider Transactions at Trane Technologies

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 transaction 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 approximately $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trane Technologies

A number of hedge funds have recently made changes to their positions in TT. Wilkerson Advisory Group LLC lifted its holdings in Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after purchasing an additional 34 shares during the last quarter. Hilton Head Capital Partners LLC bought a new stake in Trane Technologies during the fourth quarter worth about $32,000. Elevation Wealth Partners LLC increased its holdings in shares of Trane Technologies by 153.8% during the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock worth $32,000 after buying an additional 40 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Trane Technologies by 192.6% in the first quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock valued at $33,000 after acquiring an additional 52 shares during the last quarter. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Trane Technologies in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

About Trane Technologies

(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.