Trane Technologies (NYSE:TT) Stock Rating Raised to “Strong-Buy” at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Trane Technologies (NYSE:TT) to a strong-buy rating in a report published on Thursday,Zacks reports.

A number of other equities 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. Weiss Ratings raised Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Sanford C. Bernstein boosted their target price on Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Royal Bank Of Canada dropped their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Finally, Citigroup cut their price target on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $531.21.

Trane Technologies Stock Performance

Shares of TT opened at $454.61 on Thursday. The company’s 50 day moving average price is $455.82 and its 200 day moving average price is $458.55. Trane Technologies has a 52 week low of $348.06 and a 52 week high of $505.87. The company has a market capitalization of $100.02 billion, a PE 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 quick ratio of 0.76 and a current ratio of 1.07.

Trane Technologies (NYSE:TT) last released its quarterly earnings data 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 net margin of 13.28% and a return on equity of 35.72%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the business earned $3.88 EPS. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Research analysts expect that Trane Technologies will post 15.31 EPS for the current fiscal year.

Insider Buying and Selling at Trane Technologies

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

Institutional Trading of Trane Technologies

Several large investors have recently made changes to their positions in TT. SEB Asset Management AB acquired a new position in Trane Technologies during the first quarter valued at approximately $47,195,000. Nicholson Wealth Management Group LLC acquired a new stake in shares of Trane Technologies in the first quarter worth $1,644,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of Trane Technologies by 54.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,153 shares of the company’s stock worth $41,321,000 after buying an additional 34,930 shares during the last quarter. Raiffeisen Bank International AG boosted its holdings in shares of Trane Technologies by 208.5% during the 4th quarter. Raiffeisen Bank International AG now owns 86,621 shares of the company’s stock worth $33,930,000 after buying an additional 58,547 shares during the period. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Trane Technologies by 14.2% during the 1st quarter. Kestra Advisory Services LLC now owns 26,934 shares of the company’s stock worth $11,224,000 after buying an additional 3,348 shares during the period. Institutional investors own 82.97% of the company’s stock.

About Trane Technologies

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.