Sanford C. Bernstein Forecasts Strong Price Appreciation for Trane Technologies (NYSE:TT) Stock

Trane Technologies (NYSE:TT) had its price target hoisted by research analysts at Sanford C. Bernstein from $555.00 to $575.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target suggests a potential upside of 19.89% from the stock’s previous close.

A number of other research firms have also weighed in on TT. Citigroup reduced their price objective on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research note on Friday, July 17th. Wall Street Zen lowered shares of Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Royal Bank Of Canada lowered their price objective on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Trane Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $521.50.

Trane Technologies Price Performance

TT traded up $1.91 during trading hours on Friday, hitting $479.60. The company’s stock had a trading volume of 156,112 shares, compared to its average volume of 1,434,464. The stock has a market cap of $105.52 billion, a price-to-earnings ratio of 36.30, a P/E/G ratio of 2.10 and a beta of 1.19. The business’s 50-day moving average price is $474.67 and its 200-day moving average price is $458.70. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45. Trane Technologies has a 12 month low of $348.06 and a 12 month high of $505.87.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Sell-side analysts expect that Trane Technologies will post 15.31 earnings per share for the current fiscal year.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 43,778 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the transaction, the chief executive officer owned 96,950 shares of the company’s stock, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trane Technologies

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in shares of Trane Technologies by 64.0% in the 4th quarter. Farther Finance Advisors LLC now owns 7,478 shares of the company’s stock valued at $2,911,000 after buying an additional 2,917 shares during the period. Horizon Investments LLC raised its holdings in Trane Technologies by 115.4% during the fourth quarter. Horizon Investments LLC now owns 30,560 shares of the company’s stock worth $11,894,000 after purchasing an additional 16,370 shares in the last quarter. FSA Advisors Inc. purchased a new stake in shares of Trane Technologies during the 4th quarter worth approximately $6,588,000. North Dakota State Investment Board purchased a new position in shares of Trane Technologies in the 4th quarter valued at $2,976,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Trane Technologies by 54.4% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,153 shares of the company’s stock valued at $41,321,000 after purchasing an additional 34,930 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

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.