Trane Technologies plc (NYSE:TT) Receives $521.50 Average Target Price from Analysts

Shares of Trane Technologies plc (NYSE:TT) have been given an average rating of “Moderate Buy” by the fifteen brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $521.50.

A number of brokerages have weighed in on TT. Royal Bank Of Canada reduced their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a report on Friday, July 31st. Sanford C. Bernstein boosted their price target on Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Citigroup dropped their price objective on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Barclays raised their price objective on Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded Trane Technologies from a “hold” rating to a “buy” rating in a research report on Saturday.

Insider Activity

In related news, CEO David S. Regnery sold 43,778 shares of the company’s stock in a transaction that occurred on 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 directly owned 96,950 shares in the company, valued at $46,051,250. This represents a 31.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Institutional Trading of Trane Technologies

A number of hedge funds have recently added to or reduced their stakes in TT. Tucker Asset Management LLC bought a new position in shares of Trane Technologies in the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC grew its position in Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock worth $25,000 after acquiring an additional 34 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in Trane Technologies in the 4th quarter worth about $32,000. Elevation Wealth Partners LLC increased its holdings in Trane Technologies by 153.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new position in Trane Technologies in the third quarter valued at about $32,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $453.67 on Thursday. The company has a 50 day moving average of $475.23 and a 200-day moving average of $460.76. Trane Technologies has a 1-year low of $348.06 and a 1-year 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. The company has a market cap of $99.82 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period last year, the firm posted $3.88 earnings per share. The firm’s quarterly revenue 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. As a group, equities research analysts forecast that Trane Technologies will post 15.31 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a $1.05 dividend. 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 dividend payout ratio (DPR) is presently 31.82%.

Trane Technologies Company Profile

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.