Royal Bank Of Canada Forecasts Strong Price Appreciation for Trane Technologies (NYSE:TT) Stock

Trane Technologies (NYSE:TT) had its price target increased by analysts at Royal Bank Of Canada from $469.00 to $470.00 in a report issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 11.81% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Melius Research raised Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 target price on the stock in a research note on Wednesday, January 7th. Citigroup boosted their price objective on shares of Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Oppenheimer increased their target price on shares of Trane Technologies from $460.00 to $468.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group decreased their target price on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Finally, Barclays upped their price target on shares of Trane Technologies from $505.00 to $507.00 and gave the stock an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Trane Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $484.67.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $420.34 on Friday. The company’s fifty day moving average is $396.23 and its two-hundred day moving average is $414.80. The company has a market cap of $93.21 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 2.14 and a beta of 1.21. Trane Technologies has a 12-month low of $298.15 and a 12-month high of $476.18. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.46.

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

Institutional Trading of Trane Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Trane Technologies by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 20,020,321 shares of the company’s stock valued at $7,791,909,000 after acquiring an additional 192,270 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Trane Technologies by 10.2% during the third quarter. JPMorgan Chase & Co. now owns 15,525,010 shares of the company’s stock valued at $6,550,975,000 after purchasing an additional 1,433,563 shares during the last quarter. State Street Corp grew its holdings in Trane Technologies by 0.3% during the second quarter. State Street Corp now owns 10,077,267 shares of the company’s stock valued at $4,407,904,000 after purchasing an additional 31,826 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Trane Technologies by 1.1% in the second quarter. Geode Capital Management LLC now owns 4,973,217 shares of the company’s stock valued at $2,164,764,000 after purchasing an additional 56,293 shares during the period. Finally, Norges Bank acquired a new stake in shares of Trane Technologies in the second quarter worth $1,356,065,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Key Stories Impacting Trane Technologies

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

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.