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

Trane Technologies plc (NYSE:TT) has received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $521.50.

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. Royal Bank Of Canada cut their target price on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research 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 for the company in a research note on Friday, July 31st. Sanford C. Bernstein boosted their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Finally, Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th.

Insider Buying and Selling at Trane Technologies

In other news, CEO David Regnery sold 43,778 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 96,950 shares of the company’s stock, valued at $46,051,250. This trade represents a 31.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trane Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wilkerson Advisory Group LLC increased its stake in shares of Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in shares of Trane Technologies in the 4th quarter valued at $25,000. Elevation Wealth Partners LLC lifted its stake in shares of Trane Technologies by 153.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Trane Technologies by 192.6% in the first quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new position in Trane Technologies during the first quarter worth $33,000. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Down 0.1%

NYSE:TT opened at $428.86 on Monday. The business’s fifty day moving average price is $459.55 and its 200 day moving average price is $458.60. The firm has a market capitalization of $94.36 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 2.05 and a beta of 1.19. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45. Trane Technologies has a 1-year low of $348.06 and a 1-year high of $505.87.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. The firm had revenue of $6.35 billion during 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%.The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, sell-side analysts forecast that Trane Technologies will post 15.31 earnings per share for the current fiscal year.

Trane Technologies Company Profile

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.