Trane Technologies (NYSE:TT) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Trane Technologies from “buy” to “hold,” although the broader analyst consensus remains “Moderate Buy” with a $521.50 target price.
• Trane Technologies reported quarterly EPS of $4.31, topping estimates, while revenue reached $6.35 billion—up 10.6% year over year and above expectations.
• CEO David Regnery sold 43,778 shares for approximately $20.8 million under a prearranged trading plan; institutional investors and hedge funds own 82.97% of the company.

Trane Technologies (NYSE:TT - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Sunday.

Several other brokerages have also weighed in on TT. Royal Bank Of Canada decreased 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 report on Friday, July 31st. Weiss Ratings cut shares of Trane Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday. Citigroup decreased their price target on Trane Technologies from $570.00 to $566.00 and set a "buy" rating for the company in a research note on Friday, July 31st. JPMorgan Chase & Co. boosted their price objective on Trane Technologies from $460.00 to $476.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. Finally, Sanford C. Bernstein upped their price objective on Trane Technologies from $555.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $521.50.

Trane Technologies Price Performance

TT stock opened at $448.67 on Friday. The stock's 50 day moving average is $472.93 and its two-hundred day moving average is $461.34. Trane Technologies has a 52-week low of $348.06 and a 52-week high of $505.87. The company has a market capitalization of $98.72 billion, a PE ratio of 33.99, a P/E/G ratio of 1.97 and a beta of 1.19. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45.

Trane Technologies (NYSE:TT - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating the consensus estimate of $4.27 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The business's revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Analysts predict that Trane Technologies will post 15.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 43,778 shares of the business'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 completion of the sale, the chief executive officer owned 96,950 shares of the company's stock, valued at $46,051,250. This represents a 31.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trane Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of TT. California State Teachers Retirement System lifted its holdings in shares of Trane Technologies by 47,507.9% in the 2nd quarter. California State Teachers Retirement System now owns 162,012,073 shares of the company's stock worth $79,573,850,000 after purchasing an additional 161,671,768 shares during the last quarter. Norges Bank acquired a new stake in Trane Technologies in the fourth quarter worth $1,163,124,000. Capital International Investors bought a new stake in Trane Technologies in the fourth quarter valued at $324,639,000. Amundi boosted its holdings in shares of Trane Technologies by 47.8% during the first quarter. Amundi now owns 2,174,396 shares of the company's stock valued at $906,158,000 after acquiring an additional 703,018 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Trane Technologies by 536.6% during the first quarter. First Trust Advisors LP now owns 532,138 shares of the company's stock worth $221,763,000 after acquiring an additional 448,547 shares during the last quarter. 82.97% of the stock is currently 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.

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