Trane Technologies plc (NYSE:TT) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Trane Technologies plc (NYSE:TT) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $521.50.

A number of research firms have commented on TT. Royal Bank Of Canada cut their price objective on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Citigroup cut their price target on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a report on Friday, July 31st. Weiss Ratings upgraded Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Sanford C. Bernstein boosted their price objective on Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Wall Street Zen downgraded Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th.

Insider Transactions at Trane Technologies

In related news, CEO David Regnery sold 43,778 shares of the firm’s 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 sale, the chief executive officer directly owned 96,950 shares in the company, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Institutional Trading of Trane Technologies

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

Trane Technologies Trading Up 1.3%

Shares of TT stock opened at $428.86 on Monday. Trane Technologies has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. The stock’s fifty day moving average is $459.55 and its two-hundred day moving average is $458.65. The firm has a market capitalization of $94.36 billion, a P/E ratio of 32.49, a PEG ratio of 2.02 and a beta of 1.19.

Trane Technologies (NYSE:TT) last released its earnings results 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. The business had revenue of $6.35 billion during 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 for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Research analysts expect that Trane Technologies will post 15.31 earnings per share for the current fiscal year.

About Trane Technologies

Trane Technologies plc is a global climate-focused company that designs, manufactures and services solutions for heating, ventilation and air conditioning (HVAC), as well as transport refrigeration. Its offerings include commercial and residential HVAC systems, building controls, energy-efficiency solutions, aftermarket services and parts, and related building-management technologies.

The company also serves the transportation market through refrigeration and temperature-control systems for trucks, trailers, rail cars and other applications.