Trane Technologies (NYSE:TT) Price Target Raised to $485.00

Trane Technologies (NYSE:TT) had its price objective hoisted by Mizuho from $475.00 to $485.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also recently issued reports on TT. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Trane Technologies from $515.00 to $499.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Evercore increased their price target on shares of Trane Technologies from $560.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, July 31st. BNP Paribas Exane increased their price target on shares of Trane Technologies from $560.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Robert W. Baird raised their price target on shares of Trane Technologies from $515.00 to $532.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada boosted their price objective on shares of Trane Technologies from $496.00 to $502.00 and gave the stock a “sector perform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $539.42.

Trane Technologies Trading Up 0.3%

NYSE TT opened at $458.57 on Thursday. Trane Technologies has a 12 month low of $348.06 and a 12 month high of $505.87. The stock has a market cap of $100.89 billion, a P/E ratio of 34.74, a P/E/G ratio of 2.14 and a beta of 1.15. The stock’s fifty day moving average price is $454.48 and its 200-day moving average price is $462.99. 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 (NYSE:TT) last issued its quarterly 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. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the company earned $3.88 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, equities analysts forecast that Trane Technologies will post 15.32 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 4th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, December 4th. Trane Technologies’s dividend payout ratio (DPR) is presently 31.82%.

Insiders Place Their Bets

In other Trane Technologies news, CEO David Regnery sold 48,091 shares of the company’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total transaction of $23,083,680.00. Following the transaction, the chief executive officer owned 96,951 shares in the company, valued at approximately $46,536,480. This represents a 33.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Institutional Trading of Trane Technologies

Large investors have recently made changes to their positions in the stock. CRA Financial Services LLC grew its position in Trane Technologies by 5.5% in the 3rd quarter. CRA Financial Services LLC now owns 500 shares of the company’s stock worth $226,000 after purchasing an additional 26 shares during the period. Kintegral Advisory LLC lifted its holdings in shares of Trane Technologies by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 16,589 shares of the company’s stock valued at $7,498,000 after buying an additional 93 shares during the period. RKL Wealth Management LLC lifted its holdings in shares of Trane Technologies by 1.0% during the 3rd quarter. RKL Wealth Management LLC now owns 8,145 shares of the company’s stock valued at $3,682,000 after buying an additional 77 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of Trane Technologies by 3.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 204,807 shares of the company’s stock worth $92,569,000 after buying an additional 7,508 shares during the last quarter. Finally, Wealth Intelligence LLC boosted its stake in shares of Trane Technologies by 3.8% in the 3rd quarter. Wealth Intelligence LLC now owns 2,209 shares of the company’s stock worth $998,000 after buying an additional 81 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

About Trane Technologies

Trane Technologies plc is a global climate technology company that develops solutions for heating, ventilation, air conditioning, refrigeration and building management. Its products and services are designed to improve indoor comfort, energy efficiency and the sustainability of commercial, industrial, residential and institutional buildings.

The company operates through well-known brands including Trane, Thermo King and Frigoblock. Trane provides HVAC equipment, building controls, digital solutions, maintenance and energy services, while Thermo King and Frigoblock offer temperature-control systems for refrigerated transportation.