Trane Technologies (NYSE:TT) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of Trane Technologies (NYSE:TT) in a research note issued to investors on Friday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $536.00 target price on the stock.

Several other research analysts have also issued reports on TT. Citigroup decreased their target price on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Weiss Ratings raised Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 10th. Sanford C. Bernstein increased their price objective on Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, Royal Bank Of Canada lowered their price objective on 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. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $531.21.

Trane Technologies Price Performance

Shares of NYSE TT opened at $454.61 on Friday. Trane Technologies has a 1 year low of $348.06 and a 1 year high of $505.87. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. The company’s 50-day moving average is $455.82 and its 200 day moving average is $458.76. The stock has a market capitalization of $100.02 billion, a P/E ratio of 34.44, a P/E/G ratio of 2.17 and a beta of 1.19.

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

Insider Activity

In other news, CEO David Regnery sold 43,778 shares of Trane Technologies stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 96,950 shares in the company, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SEB Asset Management AB purchased a new stake in shares of Trane Technologies in the first quarter worth $47,195,000. Nicholson Wealth Management Group LLC purchased a new position in shares of Trane Technologies in the 1st quarter worth about $1,644,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised 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 worth $41,321,000 after purchasing an additional 34,930 shares during the last quarter. Raiffeisen Bank International AG boosted its stake in Trane Technologies by 208.5% in the 4th quarter. Raiffeisen Bank International AG now owns 86,621 shares of the company’s stock worth $33,930,000 after purchasing an additional 58,547 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in Trane Technologies by 14.2% during the 1st quarter. Kestra Advisory Services LLC now owns 26,934 shares of the company’s stock valued at $11,224,000 after purchasing an additional 3,348 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Company Profile

Trane Technologies plc is a global climate-focused company that designs, manufactures and services solutions for heating, ventilation and air conditioning (HVAC), as well as transport refrigeration. Its offerings include commercial and residential HVAC systems, building controls, energy-efficiency solutions, aftermarket services and parts, and related building-management technologies.

The company also serves the transportation market through refrigeration and temperature-control systems for trucks, trailers, rail cars and other applications.