Trane Technologies plc (NYSE:TT) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Trane Technologies received a “Moderate Buy” consensus rating from 15 analysts, with 11 buys, one strong buy, two holds and one sell. The average 12-month price target is $521.50.
• The company exceeded quarterly expectations, reporting $4.31 in EPS and $6.35 billion in revenue, up 10.6% year over year. Fiscal 2026 EPS guidance is $15.20–$15.30, while analysts expect $15.31.
• CEO David Regnery sold 43,778 shares worth about $20.8 million under a pre-arranged trading plan. Trane also announced a quarterly dividend of $1.05 per share, implying a 0.9% yield.

Trane Technologies plc (NYSE:TT - Get Free Report) has been given an average rating of "Moderate Buy" by the fifteen analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $521.50.

A number of research firms recently weighed in on TT. Royal Bank Of Canada dropped their price target on shares of Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating on the stock in a research report on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on Trane Technologies from $460.00 to $476.00 and gave the stock a "neutral" rating in a research note on Thursday, May 14th. KeyCorp increased their price target on Trane Technologies from $525.00 to $555.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of Trane Technologies in a report on Friday, July 17th. Finally, Wall Street Zen cut Trane Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 43,778 shares of the 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TT. Tucker Asset Management LLC bought a new stake in shares of Trane Technologies in the 4th quarter worth approximately $25,000. Wilkerson Advisory Group LLC lifted its stake in Trane Technologies by 136.0% in the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company's stock valued at $25,000 after purchasing an additional 34 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in Trane Technologies during the fourth quarter valued at $32,000. Elevation Wealth Partners LLC increased its position in Trane Technologies by 153.8% in the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company's stock worth $32,000 after buying an additional 40 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new stake in Trane Technologies in the third quarter worth $32,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Trading Down 1.6%

NYSE TT opened at $456.11 on Thursday. The firm has a market capitalization of $100.35 billion, a P/E ratio of 34.55, a PEG ratio of 2.03 and a beta of 1.19. The business has a fifty day simple moving average of $475.49 and a 200 day simple moving average of $460.59. Trane Technologies has a 12 month low of $348.06 and a 12 month high of $505.87. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45.

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

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 4th. Trane Technologies's payout ratio is presently 31.82%.

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.

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