Trane Technologies (NYSE:TT) Price Target Raised to $325.00 at Mizuho

Trane Technologies (NYSE:TT) had its price objective boosted by investment analysts at Mizuho from $280.00 to $325.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target points to a potential upside of 2.59% from the company’s current price.

Several other analysts also recently commented on TT. The Goldman Sachs Group raised their price objective on shares of Trane Technologies from $253.00 to $287.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Citigroup boosted their price objective on Trane Technologies from $309.00 to $355.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Stephens increased their target price on Trane Technologies from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Robert W. Baird boosted their price target on Trane Technologies from $315.00 to $344.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Royal Bank of Canada increased their price objective on shares of Trane Technologies from $231.00 to $246.00 and gave the company a “sector perform” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have given 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 Stock Performance

NYSE:TT opened at $316.80 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.78 and a current ratio of 1.13. The stock has a 50-day simple moving average of $295.08 and a two-hundred day simple moving average of $257.16. The firm has a market capitalization of $71.78 billion, a PE ratio of 33.85, a P/E/G ratio of 2.61 and a beta of 1.01. Trane Technologies has a 52-week low of $162.04 and a 52-week high of $327.09.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data 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. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The firm had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the firm earned $1.41 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. Analysts forecast that Trane Technologies will post 10.49 EPS for the current year.

Insider Buying and Selling at Trane Technologies

In other news, SVP Keith A. Sultana sold 1,983 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $272.26, for a total transaction of $539,891.58. Following the sale, the senior vice president now directly owns 42,575 shares in the company, valued at approximately $11,591,469.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Keith A. Sultana sold 1,983 shares of Trane Technologies stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total value of $539,891.58. Following the completion of the transaction, the senior vice president now owns 42,575 shares in the company, valued at approximately $11,591,469.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Christopher J. Kuehn sold 2,767 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $268.31, for a total value of $742,413.77. Following the sale, the chief financial officer now owns 54,788 shares in the company, valued at approximately $14,700,168.28. The disclosure for this sale can be found here. Insiders sold 28,237 shares of company stock worth $8,024,534 over the last 90 days. 0.39% of the stock is owned by insiders.

Hedge Funds Weigh In On Trane Technologies

A number of large investors have recently made changes to their positions in the company. GoalVest Advisory LLC increased its stake in Trane Technologies by 157.1% in the first quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after purchasing an additional 55 shares during the period. Dixon Mitchell Investment Counsel Inc. purchased a new position in Trane Technologies in the 1st quarter worth about $27,000. BOK Financial Private Wealth Inc. purchased a new stake in Trane Technologies in the 1st quarter valued at about $30,000. BKM Wealth Management LLC bought a new position in Trane Technologies in the 4th quarter worth about $25,000. Finally, Sachetta LLC bought a new position in Trane Technologies in the 4th quarter worth about $27,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

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.