Trane Technologies (NYSE:TT) Price Target Increased to $320.00 by Analysts at Stephens

Trane Technologies (NYSE:TT) had its price target lifted by equities researchers at Stephens from $310.00 to $320.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Stephens’ price objective indicates a potential upside of 1.01% from the stock’s current price.

TT has been the subject of a number of other research reports. The Goldman Sachs Group increased their target price on Trane Technologies from $253.00 to $287.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Barclays lifted their target price on Trane Technologies from $286.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup upped their price target on Trane Technologies from $309.00 to $355.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Robert W. Baird lifted their price objective on shares of Trane Technologies from $315.00 to $344.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Royal Bank of Canada increased their target price on shares of Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Trane Technologies currently has a consensus rating of “Hold” and a consensus price target of $300.54.

Trane Technologies Trading Up 0.6 %

NYSE TT opened at $316.80 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.78. The stock’s 50-day moving average is $295.08 and its 200-day moving average is $257.16. Trane Technologies has a one year low of $162.04 and a one year high of $327.09. The firm has a market cap of $71.78 billion, a P/E ratio of 33.85, a P/E/G ratio of 2.61 and a beta of 1.01.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.30. The firm had revenue of $4.22 billion for the quarter, compared to analyst estimates of $3.99 billion. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. The business’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 earnings per share. Sell-side analysts anticipate that Trane Technologies will post 10.49 earnings per share for the current fiscal year.

Insider Activity at Trane Technologies

In other Trane Technologies news, SVP Keith A. Sultana sold 1,983 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total transaction of $539,891.58. Following the transaction, the senior vice president now owns 42,575 shares of the company’s stock, valued at $11,591,469.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Trane Technologies news, SVP Keith A. Sultana sold 1,983 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total transaction of $539,891.58. Following the completion of the sale, the senior vice president now owns 42,575 shares of the company’s stock, valued at approximately $11,591,469.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul A. Camuti sold 508 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $273.34, for a total transaction of $138,856.72. Following the completion of the transaction, the executive vice president now owns 89,447 shares in the company, valued at $24,449,442.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,237 shares of company stock worth $8,024,534. Insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Trane Technologies

Several hedge funds have recently bought and sold shares of TT. Center for Financial Planning Inc. increased its stake in shares of Trane Technologies by 1.7% during the first quarter. Center for Financial Planning Inc. now owns 2,080 shares of the company’s stock worth $624,000 after purchasing an additional 34 shares during the period. Keel Point LLC grew its holdings in Trane Technologies by 3.0% in the 4th quarter. Keel Point LLC now owns 1,326 shares of the company’s stock valued at $323,000 after buying an additional 39 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in Trane Technologies by 27.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company’s stock worth $47,000 after buying an additional 41 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Trane Technologies by 2.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,847 shares of the company’s stock worth $450,000 after buying an additional 42 shares in the last quarter. Finally, Level Four Advisory Services LLC boosted its position in shares of Trane Technologies by 1.5% in the fourth quarter. Level Four Advisory Services LLC now owns 2,757 shares of the company’s stock valued at $672,000 after acquiring an additional 42 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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.