Trane Technologies (NYSE:TT) Stock Rating Upgraded by KeyCorp

Trane Technologies (NYSE:TT) was upgraded by KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued on Monday,Benzinga reports. The brokerage presently has a $500.00 price objective on the stock. KeyCorp’s target price indicates a potential upside of 27.85% from the stock’s previous close.

Several other research firms have also recently issued reports on TT. Barclays upped their target price on shares of Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Bank of America upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $490.00 to $550.00 in a research report on Thursday, November 13th. Citigroup lifted their target price on shares of Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price objective on Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a report on Monday, October 6th. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies currently has a consensus rating of “Hold” and a consensus target price of $472.07.

Trane Technologies Stock Down 3.1%

Trane Technologies stock opened at $391.07 on Monday. Trane Technologies has a 12 month low of $298.15 and a 12 month high of $476.18. The stock has a fifty day simple moving average of $418.54 and a two-hundred day simple moving average of $424.19. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The firm has a market cap of $86.72 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.25 and a beta of 1.19.

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, beating analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the company posted $3.37 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Equities analysts predict that Trane Technologies will post 12.83 EPS for the current fiscal year.

Insider Activity at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the transaction, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

Institutional Trading of Trane Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of TT. NorthRock Partners LLC lifted its position in shares of Trane Technologies by 1.2% during the 2nd quarter. NorthRock Partners LLC now owns 2,052 shares of the company’s stock worth $898,000 after purchasing an additional 24 shares during the last quarter. King Luther Capital Management Corp raised its stake in Trane Technologies by 1.3% in the second quarter. King Luther Capital Management Corp now owns 1,942 shares of the company’s stock valued at $849,000 after buying an additional 24 shares in the last quarter. Old Port Advisors lifted its holdings in Trane Technologies by 3.2% during the 3rd quarter. Old Port Advisors now owns 778 shares of the company’s stock worth $328,000 after buying an additional 24 shares during the last quarter. OneAscent Wealth Management LLC boosted its position in shares of Trane Technologies by 1.5% during the 3rd quarter. OneAscent Wealth Management LLC now owns 1,627 shares of the company’s stock worth $686,000 after acquiring an additional 24 shares in the last quarter. Finally, Bridgewater Advisors Inc. boosted its position in shares of Trane Technologies by 3.7% during the 3rd quarter. Bridgewater Advisors Inc. now owns 670 shares of the company’s stock worth $285,000 after acquiring an additional 24 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 plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.