Trane Technologies (NYSE:TT) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Trane Technologies (NYSE:TT) from a buy rating to a hold rating in a report released on Sunday morning,Wall Street Zen reports.

TT has been the topic of several other research reports. JPMorgan Chase & Co. increased their target price on Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Sanford C. Bernstein upped their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings lowered shares of Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Citigroup lowered their price objective on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, Royal Bank Of Canada dropped their target price on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Trane Technologies has an average rating of “Moderate Buy” and a consensus price target of $521.50.

Trane Technologies Stock Down 1.1%

Shares of NYSE TT opened at $439.70 on Friday. Trane Technologies has a 52-week low of $348.06 and a 52-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 business has a fifty day moving average of $471.30 and a two-hundred day moving average of $461.00. The stock has a market cap of $96.74 billion, a PE ratio of 33.31, a PEG ratio of 2.12 and a beta of 1.19.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping the consensus estimate of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The business 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 business earned $3.88 EPS. Trane Technologies’s 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 expect that Trane Technologies will post 15.31 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, September 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.0%. Trane Technologies’s payout ratio is presently 31.82%.

Insider Activity

In other news, CEO David S. Regnery sold 43,778 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the transaction, the chief executive officer owned 96,950 shares of the company’s stock, valued at $46,051,250. This represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.

Institutional Trading of Trane Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TT. Tucker Asset Management LLC bought a new stake in shares of Trane Technologies during the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC increased its holdings 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 acquired a new position in Trane Technologies in the fourth quarter valued at about $32,000. Elevation Wealth Partners LLC boosted its holdings in Trane Technologies by 153.8% during 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 bought a new position in Trane Technologies during the third quarter worth about $32,000. 82.97% of the stock is owned by institutional investors.

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.