Trane Technologies' (TT) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Trane Technologies' stock rating was reiterated as a "Buy (B)" by Weiss Ratings, amidst mixed opinions from other analysts with a consensus rating of "Hold".
• The company reported $3.88 earnings per share (EPS) for the last quarter, exceeding expectations by $0.09, with a revenue of $5.75 billion.
• CEO David S. Regnery sold a significant portion of his shares, indicating a 15.39% decrease in his position while still retaining a substantial holding valued at around $50.7 million.

Trane Technologies (NYSE:TT - Get Free Report)'s stock had its "buy (b)" rating reiterated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

TT has been the subject of several other research reports. Citigroup decreased their target price on Trane Technologies from $499.00 to $494.00 and set a "buy" rating for the company in a research note on Wednesday, September 17th. Robert W. Baird boosted their target price on Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. HSBC lowered Trane Technologies from a "buy" rating to a "hold" rating and lifted their price target for the stock from $415.00 to $460.00 in a research report on Thursday, July 31st. Northcoast Research lowered Trane Technologies from a "buy" rating to a "neutral" rating in a research report on Friday, August 1st. Finally, Hsbc Global Res lowered Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $457.73.

Trane Technologies Stock Up 0.9%

Shares of TT traded up $3.79 during midday trading on Wednesday, hitting $426.90. The company had a trading volume of 908,890 shares, compared to its average volume of 1,432,833. The company's 50-day simple moving average is $419.60 and its 200-day simple moving average is $407.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The firm has a market capitalization of $94.99 billion, a P/E ratio of 33.85, a P/E/G ratio of 2.64 and a beta of 1.12. Trane Technologies has a 1 year low of $298.15 and a 1 year high of $476.18.

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

Insider Activity

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Icon Advisers Inc. Co. bought a new position in Trane Technologies during the 2nd quarter worth approximately $26,000. Ameriflex Group Inc. bought a new stake in shares of Trane Technologies in the 2nd quarter worth approximately $28,000. Hantz Financial Services Inc. lifted its holdings in shares of Trane Technologies by 1,016.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company's stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Saudi Central Bank acquired a new stake in Trane Technologies in the 1st quarter valued at approximately $30,000. Finally, Opal Wealth Advisors LLC bought a new stake in Trane Technologies during the 1st quarter valued at $31,000. Institutional investors own 82.97% of the company's stock.

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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