Trane Technologies plc (NYSE:TT) Receives $175.17 Consensus Price Target from Analysts

Shares of Trane Technologies plc (NYSE:TT – Get Rating) have received a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $179.35.

A number of analysts have commented on TT shares. Morgan Stanley increased their price target on shares of Trane Technologies from $193.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Trane Technologies from $116.00 to $126.00 and gave the stock an “underweight” rating in a research note on Thursday, November 3rd. Barclays raised their target price on shares of Trane Technologies from $190.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, January 5th. Royal Bank of Canada raised their target price on shares of Trane Technologies from $164.00 to $177.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, UBS Group upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $168.00 to $200.00 in a research note on Wednesday, January 4th.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 14,651 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $179.00, for a total value of $2,622,529.00. Following the completion of the sale, the chief executive officer now directly owns 95,751 shares in the company, valued at $17,139,429. The sale was disclosed in a filing with the SEC, which is available at this link. In other Trane Technologies news, EVP Raymond D. Pittard sold 23,003 shares of the company’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $170.42, for a total transaction of $3,920,171.26. Following the completion of the sale, the executive vice president now directly owns 87,718 shares in the company, valued at $14,948,901.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Regnery sold 14,651 shares of the company’s stock in a transaction on Friday, November 25th. The stock was sold at an average price of $179.00, for a total value of $2,622,529.00. Following the sale, the chief executive officer now owns 95,751 shares of the company’s stock, valued at $17,139,429. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trane Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC lifted its stake in shares of Trane Technologies by 1,125.0% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 147 shares of the company’s stock valued at $25,000 after acquiring an additional 135 shares during the last quarter. RFP Financial Group LLC bought a new position in shares of Trane Technologies in the 4th quarter valued at $26,000. Crewe Advisors LLC lifted its stake in shares of Trane Technologies by 83.9% in the 2nd quarter. Crewe Advisors LLC now owns 206 shares of the company’s stock valued at $27,000 after acquiring an additional 94 shares during the last quarter. Heritage Wealth Management LLC bought a new position in shares of Trane Technologies in the 2nd quarter valued at $31,000. Finally, Bartlett & Co. LLC lifted its stake in shares of Trane Technologies by 155.4% in the 4th quarter. Bartlett & Co. LLC now owns 189 shares of the company’s stock valued at $32,000 after acquiring an additional 115 shares during the last quarter. 81.47% of the stock is currently owned by institutional investors.

Trane Technologies Stock Up 0.4 %

Trane Technologies stock opened at $186.30 on Friday. The company has a market cap of $42.91 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. Trane Technologies has a 1-year low of $120.64 and a 1-year high of $188.23. The company has a fifty day simple moving average of $174.83 and a 200 day simple moving average of $162.90. The company has a current ratio of 1.14, a quick ratio of 0.78 and a debt-to-equity ratio of 0.65.

Trane Technologies (NYSE:TT – Get Rating) last released its earnings results on Thursday, February 2nd. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.18. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.94 billion. Trane Technologies had a net margin of 10.56% and a return on equity of 27.32%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 earnings per share. Research analysts anticipate that Trane Technologies will post 7.18 earnings per share for the current fiscal year.

Trane Technologies Company Profile

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Trane Technologies Plc is a global climate innovator, which engages in providing efficient and sustainable climate solutions to buildings, homes, and transportation. Its strategic brands include Trane and Thermo King. It operates through the following segments: Americas, EMEA, and Asia Pacific. The Americas segment encompasses commercial heating and cooling systems, building controls, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions in North America and Latin America regions.