Trane Technologies (NYSE:TT) Price Target Raised to $360.00

Trane Technologies (NYSE:TT - Get Free Report) had its price objective hoisted by equities researchers at TD Cowen from $325.00 to $360.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. TD Cowen's price objective points to a potential upside of 14.26% from the company's current price.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of Trane Technologies from $287.00 to $326.00 and gave the company a "neutral" rating in a research report on Wednesday. Citigroup increased their price target on shares of Trane Technologies from $355.00 to $366.00 and gave the stock a "buy" rating in a research report on Wednesday. Royal Bank of Canada lifted their price objective on Trane Technologies from $231.00 to $246.00 and gave the company a "sector perform" rating in a research report on Friday, February 2nd. Barclays upped their target price on Trane Technologies from $286.00 to $325.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Finally, Robert W. Baird lifted their price target on Trane Technologies from $315.00 to $344.00 and gave the company a "neutral" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $288.38.

Trane Technologies Stock Performance

Trane Technologies stock traded down $2.26 during mid-day trading on Wednesday, hitting $315.08. 1,378,698 shares of the company's stock traded hands, compared to its average volume of 1,031,339. Trane Technologies has a one year low of $162.04 and a one year high of $327.09. The company has a market cap of $71.39 billion, a PE ratio of 35.85, a price-to-earnings-growth ratio of 2.54 and a beta of 1.05. The firm has a 50 day moving average price of $294.39 and a 200 day moving average price of $256.74. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.57.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.30. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company's quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities analysts forecast that Trane Technologies will post 10.2 EPS for the current year.

Insider Activity at Trane Technologies

In related news, SVP Keith A. Sultana sold 1,637 shares of the firm's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $267.74, for a total value of $438,290.38. Following the completion of the transaction, the senior vice president now directly owns 42,374 shares of the company's stock, valued at $11,345,214.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO David S. Regnery sold 6,990 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $286.19, for a total transaction of $2,000,468.10. Following the completion of the sale, the chief executive officer now owns 113,874 shares in the company, valued at approximately $32,589,600.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Keith A. Sultana sold 1,637 shares of the business's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $267.74, for a total transaction of $438,290.38. Following the completion of the transaction, the senior vice president now owns 42,374 shares in the company, valued at $11,345,214.76. The disclosure for this sale can be found here. Insiders sold a total of 29,874 shares of company stock worth $8,462,825 in the last 90 days. 0.39% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Center for Financial Planning Inc. raised its position in Trane Technologies by 1.7% in the 1st quarter. Center for Financial Planning Inc. now owns 2,080 shares of the company's stock valued at $624,000 after purchasing an additional 34 shares during the last quarter. Keel Point LLC lifted its position in Trane Technologies by 3.0% during the 4th quarter. Keel Point LLC now owns 1,326 shares of the company's stock worth $323,000 after buying an additional 39 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in Trane Technologies by 27.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 192 shares of the company's stock worth $47,000 after acquiring an additional 41 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Trane Technologies by 2.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,847 shares of the company's stock valued at $450,000 after acquiring an additional 42 shares in the last quarter. Finally, Level Four Advisory Services LLC raised its stake in shares of Trane Technologies by 1.5% in the fourth quarter. Level Four Advisory Services LLC now owns 2,757 shares of the company's stock worth $672,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Trane Technologies Company Profile

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.