Analysts Set Trane Technologies plc (NYSE:TT) Price Target at $472.07

Trane Technologies plc (NYSE:TT) has been given a consensus recommendation of “Hold” by the seventeen analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $470.0714.

Several brokerages recently weighed in on TT. Northcoast Research downgraded Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Citigroup raised their target price on shares of Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and boosted their price target for the stock from $415.00 to $460.00 in a research note on Thursday, July 31st. Barclays raised their price objective on shares of Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th.

Insider Activity

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the transaction, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total transaction of $264,000.00. Following the sale, the chief accounting officer owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. The trade was a 7.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is owned by company insiders.

Institutional Trading of Trane Technologies

A number of institutional investors have recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after buying an additional 2,323 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Trane Technologies by 22.9% in the first quarter. Private Advisor Group LLC now owns 12,708 shares of the company’s stock valued at $4,282,000 after purchasing an additional 2,366 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Trane Technologies by 2.0% in the first quarter. Kestra Private Wealth Services LLC now owns 9,356 shares of the company’s stock valued at $3,152,000 after purchasing an additional 183 shares during the last quarter. Atlantic Union Bankshares Corp increased its stake in shares of Trane Technologies by 9.1% during the 1st quarter. Atlantic Union Bankshares Corp now owns 813 shares of the company’s stock worth $274,000 after purchasing an additional 68 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of Trane Technologies by 340.4% during the 1st quarter. J.W. Cole Advisors Inc. now owns 7,883 shares of the company’s stock worth $2,656,000 after purchasing an additional 6,093 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Stock Down 0.0%

TT stock opened at $409.97 on Tuesday. The company has a market cap of $90.91 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16. The company has a fifty day moving average price of $419.54 and a 200 day moving average price of $425.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies has a 12 month low of $298.15 and a 12 month high of $476.18.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the prior year, the company earned $3.37 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Sell-side analysts expect that Trane Technologies will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is 28.92%.

Trane Technologies Company Profile

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.