Trane Technologies (NYSE:TT) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Trane Technologies from “hold” to “buy.” The stock has a consensus “Moderate Buy” rating and an average analyst price target of $521.50.
• Trane Technologies beat quarterly expectations, reporting $4.31 in EPS versus the $4.27 consensus and $6.35 billion in revenue versus $6.20 billion expected. Revenue increased 10.6% year over year, while the company reaffirmed fiscal 2026 EPS guidance of $15.20–$15.30.
• CEO David Regnery sold 43,778 shares worth about $20.8 million under a pre-arranged trading plan. Institutional investors own approximately 82.97% of the company’s stock.

Trane Technologies (NYSE:TT - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Other analysts have also recently issued reports about the stock. Barclays increased their price target on shares of Trane Technologies from $507.00 to $585.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Citigroup dropped their price objective on shares of Trane Technologies from $570.00 to $566.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Trane Technologies in a report on Friday, July 17th. JPMorgan Chase & Co. increased their price objective on Trane Technologies from $460.00 to $476.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Finally, Sanford C. Bernstein lifted their target price 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 equities 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $521.50.

Trane Technologies Stock Performance

Trane Technologies stock opened at $453.67 on Friday. The stock has a 50-day simple moving average of $475.23 and a 200 day simple moving average of $460.76. The stock has a market capitalization of $99.82 billion, a price-to-earnings ratio of 34.37, a P/E/G ratio of 1.98 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 has a 12-month low of $348.06 and a 12-month high of $505.87.

Trane Technologies (NYSE:TT - Get Free Report) 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 firm had revenue of $6.35 billion for 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%. The company's revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, research analysts anticipate that Trane Technologies will post 15.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 43,778 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 96,950 shares in the company, valued at $46,051,250. This represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Institutional Trading of Trane Technologies

Several institutional investors and hedge funds have recently made changes to their positions in TT. Norges Bank bought a new position in shares of Trane Technologies in the 4th quarter worth $1,163,124,000. Capital International Investors bought a new stake in Trane Technologies in the fourth quarter valued at about $324,639,000. Amundi lifted its stake in Trane Technologies by 47.8% in the first quarter. Amundi now owns 2,174,396 shares of the company's stock valued at $906,158,000 after buying an additional 703,018 shares during the period. First Trust Advisors LP lifted its stake in Trane Technologies by 536.6% in the first quarter. First Trust Advisors LP now owns 532,138 shares of the company's stock valued at $221,763,000 after buying an additional 448,547 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in Trane Technologies by 215.9% during the first quarter. Hsbc Holdings PLC now owns 653,423 shares of the company's stock worth $271,950,000 after buying an additional 446,598 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source