Citigroup Increases Trane Technologies (NYSE:TT) Price Target to $525.00

Trane Technologies (NYSE:TT) had its price objective hoisted by analysts at Citigroup from $513.00 to $525.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 24.90% from the company’s previous close.

TT has been the topic of several other research reports. Oppenheimer raised their price objective on Trane Technologies from $460.00 to $468.00 and gave the company an “outperform” rating in a report on Friday. UBS Group dropped their target price on Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $490.00 to $550.00 in a report on Thursday, November 13th. KeyCorp upgraded shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Monday, December 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies has an average rating of “Moderate Buy” and an average target price of $484.67.

Trane Technologies Trading Down 1.3%

TT opened at $420.34 on Friday. The company has a market cap of $93.21 billion, a P/E ratio of 32.38, a PEG ratio of 2.14 and a beta of 1.21. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $396.23 and its 200-day moving average is $414.80. Trane Technologies has a 1-year low of $298.15 and a 1-year high of $476.18.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, January 29th. The company reported $2.86 EPS for the quarter, beating the consensus estimate of $2.81 by $0.05. The business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.09 billion. Trane Technologies had a net margin of 13.69% and a return on equity of 36.34%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.61 EPS. Equities research analysts predict that Trane Technologies will post 12.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trane Technologies

Several large investors have recently modified their holdings of TT. Norges Bank acquired a new position in Trane Technologies in the second quarter valued at $1,356,065,000. JPMorgan Chase & Co. raised its position in shares of Trane Technologies by 10.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,525,010 shares of the company’s stock worth $6,550,975,000 after acquiring an additional 1,433,563 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Trane Technologies by 229.3% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,752,551 shares of the company’s stock valued at $766,583,000 after purchasing an additional 1,220,388 shares during the period. Nordea Investment Management AB boosted its position in shares of Trane Technologies by 89.1% during the 2nd quarter. Nordea Investment Management AB now owns 2,455,734 shares of the company’s stock valued at $1,066,845,000 after purchasing an additional 1,157,405 shares in the last quarter. Finally, ABN AMRO Bank N.V. acquired a new stake in Trane Technologies during the second quarter worth approximately $291,206,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies News Summary

Here are the key news stories impacting Trane Technologies this week:

• Positive Sentiment: Q4 results: TT reported better-than-expected Q4 revenue and adjusted EPS, highlighted record bookings and a growing backlog that management says provides strong visibility into 2026. This is the main fundamental driver behind today’s bullish analyst moves. BusinessWire: Q4 Results
• Positive Sentiment: Citigroup raised its price target to $525 with a Buy rating (largest implied upside among brokers noted), signalling strong buy-side conviction following the quarter. Benzinga: Citi PT Raise
• Positive Sentiment: Barclays lifted its target to $507 and kept an Overweight call, another bullish endorsement supporting upside potential. Benzinga: Barclays PT Raise
• Positive Sentiment: Oppenheimer bumped its target to $468 and maintained an Outperform view, reinforcing the upgrade momentum from sell‑side analysts. Benzinga: Oppenheimer PT Raise
• Neutral Sentiment: Guidance: TT updated FY‑2026 guidance to EPS 14.65–14.85 (roughly in line with consensus) and raised revenue guidance to ~$23.1–23.4B (slightly above consensus) — supportive but not a large surprise. TT FY2026 Guidance
• Neutral Sentiment: RBC raised its target to $470 but kept a “sector perform” rating — a modest endorsement that’s positive for price targets but not a clear buy signal. Benzinga: RBC PT Raise
• Neutral Sentiment: JPMorgan increased its target to $460 but kept a Neutral rating, signaling respect for the quarter without upgrading conviction. Benzinga: JPM PT Raise
• Negative Sentiment: Wells Fargo moved its target to $400 and retained an Underweight call, the notable bearish voice among brokers and a likely contributor to intraday selling pressure. Benzinga: Wells Fargo Call

About Trane Technologies

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.