Trane Technologies plc (NYSE:TT) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate Trane Technologies a “Moderate Buy”: Of 15 analysts, 11 recommend buying, one strongly recommends buying, two rate it a hold and one rates it a sell. The average 12-month price target is $521.50.
• Quarterly results exceeded expectations: Trane Technologies reported earnings of $4.31 per share versus the $4.27 consensus estimate, while revenue reached $6.35 billion and rose 10.6% year over year.
• Shares opened at $442.83, below the analyst average target: The stock has traded between $348.06 and $505.87 over the past year. CEO David Regnery also sold 43,778 shares worth approximately $20.8 million under a pre-arranged trading plan.

Trane Technologies plc (NYSE:TT - Get Free Report) has received an average recommendation of "Moderate Buy" from the fifteen analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $521.50.

Several brokerages have recently commented on TT. Sanford C. Bernstein lifted their target price on Trane Technologies from $555.00 to $575.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. 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. Weiss Ratings upgraded shares of Trane Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday. 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 note on Friday, July 31st. Finally, Wall Street Zen lowered Trane Technologies from a "buy" rating to a "hold" rating in a report on Sunday, August 30th.

Trane Technologies Price Performance

Shares of TT stock opened at $442.83 on Monday. The firm has a fifty day moving average of $464.88 and a two-hundred day moving average of $459.91. The firm has a market cap of $97.43 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.11 and a beta of 1.19. 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.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results 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 for 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 company's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, research analysts anticipate 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 Regnery sold 43,778 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total value of $20,794,550.00. Following the completion of the transaction, the chief executive officer owned 96,950 shares in the company, valued at approximately $46,051,250. This represents a 31.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

Hedge Funds Weigh In On Trane Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilkerson Advisory Group LLC boosted its position in Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company's stock worth $25,000 after acquiring an additional 34 shares during the period. Tucker Asset Management LLC bought a new stake in shares of Trane Technologies during the fourth quarter valued at about $25,000. Elevation Wealth Partners LLC raised its stake in shares of Trane Technologies by 153.8% during the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company's stock valued at $32,000 after purchasing an additional 40 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in Trane Technologies in the third quarter worth about $32,000. Finally, Physician Wealth Advisors Inc. grew its position in Trane Technologies by 192.6% in the 1st quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company's stock valued at $33,000 after buying an additional 52 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

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.

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