Trane Technologies plc (NYSE:TT) Receives Consensus Rating of “Hold” from Analysts

Shares of Trane Technologies plc (NYSE:TT) have earned an average recommendation of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $467.80.

Several brokerages recently issued reports on TT. Barclays boosted their target price on Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on shares of Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Wells Fargo & Company dropped their target price on shares of Trane Technologies from $415.00 to $375.00 and set an “underweight” rating for the company in a report on Friday, December 19th. Finally, Bank of America upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $490.00 to $550.00 in a research report on Thursday, November 13th.

Trane Technologies Stock Down 2.5%

TT stock opened at $381.05 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $408.35 and its 200 day moving average price is $419.98. Trane Technologies has a 52 week low of $298.15 and a 52 week high of $476.18. The company has a market cap of $84.49 billion, a P/E ratio of 29.31, a P/E/G ratio of 1.98 and a beta of 1.21.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.80 by $0.08. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, research analysts expect that Trane Technologies will post 12.83 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the sale, the chief accounting officer owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. This represents a 7.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Trane Technologies

Institutional investors have recently made changes to their positions in the stock. Icon Advisers Inc. Co. purchased a new stake in Trane Technologies during the 2nd quarter worth about $26,000. Financial Consulate Inc. acquired a new stake in shares of Trane Technologies during the 3rd quarter worth about $25,000. Ameriflex Group Inc. purchased a new stake in shares of Trane Technologies during the second quarter worth about $28,000. Hantz Financial Services Inc. raised its position in shares of Trane Technologies by 1,016.7% in the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after buying an additional 61 shares during the last quarter. Finally, United Community Bank lifted its stake in shares of Trane Technologies by 134.4% during the third quarter. United Community Bank now owns 75 shares of the company’s stock valued at $32,000 after buying an additional 43 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Company Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.