Trane Technologies plc (NYSE:TT) Given Average Rating of "Hold" by Brokerages

Key Points

• Trane Technologies plc has received an average rating of "Hold" from 16 brokerage firms, with one firm issuing a sell recommendation, ten holding, and five buying.
• The stock's average one-year target price is set at $457.40, with recent price targets adjusted by firms like Citigroup and UBS Group.
• Trane Technologies reported $3.88 earnings per share last quarter, exceeding estimates, with a year-over-year revenue increase of 7.6%.

Trane Technologies plc (NYSE:TT - Get Free Report) has been given an average rating of "Hold" by the sixteen ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $457.40.

Several research firms have recently weighed in on TT. Citigroup decreased their price target on shares of Trane Technologies from $499.00 to $494.00 and set a "buy" rating for the company in a research note on Wednesday, September 17th. Wells Fargo & Company lifted their price target on shares of Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. UBS Group lifted their price target on shares of Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Hsbc Global Res downgraded shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group lifted their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th.

Trane Technologies Stock Performance

Trane Technologies stock opened at $415.91 on Monday. The company has a 50 day moving average price of $425.02 and a 200-day moving average price of $404.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. Trane Technologies has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The company has a market capitalization of $92.54 billion, a PE ratio of 32.98, a P/E/G ratio of 2.58 and a beta of 1.10.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the previous year, the firm posted $3.30 earnings per share. The company's revenue was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, equities analysts forecast that Trane Technologies will post 12.83 earnings per share for the current year.

Insider Transactions at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the transaction, the chief executive officer directly owned 123,713 shares of the company's stock, valued at $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trane Technologies

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Trane Technologies by 1.7% in the second quarter. Vanguard Group Inc. now owns 19,792,410 shares of the company's stock worth $8,657,398,000 after purchasing an additional 335,634 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Trane Technologies by 9.8% during the first quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company's stock worth $5,297,235,000 after purchasing an additional 1,408,421 shares in the last quarter. State Street Corp increased its position in shares of Trane Technologies by 0.3% during the second quarter. State Street Corp now owns 10,077,267 shares of the company's stock worth $4,407,904,000 after purchasing an additional 31,826 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Trane Technologies by 1.1% during the second quarter. Geode Capital Management LLC now owns 4,973,217 shares of the company's stock worth $2,164,764,000 after purchasing an additional 56,293 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Trane Technologies by 7.2% during the first quarter. Ameriprise Financial Inc. now owns 3,585,300 shares of the company's stock worth $1,208,044,000 after purchasing an additional 241,910 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

About Trane Technologies

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.

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