Shares of Trane Technologies plc (NYSE:TT – Get Free Report) have earned an average rating of “Hold” from the fifteen brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $194.81.
A number of equities analysts have commented on TT shares. Wells Fargo & Company lifted their target price on Trane Technologies from $172.00 to $181.00 in a research note on Monday, July 10th. Mizuho lifted their target price on Trane Technologies from $185.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, August 3rd. Barclays boosted their price objective on Trane Technologies from $210.00 to $222.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Citigroup boosted their price objective on Trane Technologies from $218.00 to $237.00 in a research report on Thursday, August 3rd. Finally, Bank of America boosted their price objective on Trane Technologies from $160.00 to $187.00 and gave the stock an “underperform” rating in a research report on Thursday, August 3rd.
Insiders Place Their Bets
Institutional Trading of Trane Technologies
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Trane Technologies by 5.4% during the 2nd quarter. BlackRock Inc. now owns 20,337,700 shares of the company’s stock valued at $3,889,789,000 after purchasing an additional 1,048,924 shares during the period. Vanguard Group Inc. raised its stake in Trane Technologies by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 18,133,851 shares of the company’s stock valued at $2,769,040,000 after purchasing an additional 77,924 shares during the period. State Street Corp raised its stake in Trane Technologies by 2.2% during the 2nd quarter. State Street Corp now owns 9,832,534 shares of the company’s stock valued at $1,880,570,000 after purchasing an additional 210,171 shares during the period. FMR LLC raised its stake in Trane Technologies by 102.1% during the 1st quarter. FMR LLC now owns 7,871,515 shares of the company’s stock valued at $1,448,201,000 after purchasing an additional 3,976,234 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Trane Technologies by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,867,206 shares of the company’s stock valued at $928,467,000 after acquiring an additional 101,230 shares in the last quarter. 80.66% of the stock is owned by institutional investors and hedge funds.
Trane Technologies Stock Down 0.3 %
Shares of Trane Technologies stock opened at $205.94 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 0.71. The firm has a market cap of $47.04 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.81 and a beta of 1.01. Trane Technologies has a fifty-two week low of $139.07 and a fifty-two week high of $209.17. The business has a 50-day moving average price of $199.49 and a 200 day moving average price of $186.51.
Trane Technologies (NYSE:TT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.12. Trane Technologies had a return on equity of 31.22% and a net margin of 11.18%. The firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same period in the previous year, the company earned $2.16 earnings per share. Trane Technologies’s quarterly revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts forecast that Trane Technologies will post 8.86 earnings per share for the current fiscal year.
About Trane Technologies
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.
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