Trane Technologies (NYSE:TT) Rating Increased to Strong-Buy at Melius Research

Melius Research upgraded shares of Trane Technologies (NYSE:TT) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

TT has been the topic of several other reports. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. KeyCorp raised Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research note on Monday, December 15th. Bank of America raised Trane Technologies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $490.00 to $550.00 in a research report on Thursday, November 13th. Citigroup increased their price target on Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, UBS Group reduced their price objective on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $474.60.

Trane Technologies Stock Performance

Shares of TT stock opened at $376.28 on Wednesday. The business has a 50 day simple moving average of $407.35 and a 200 day simple moving average of $419.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84. The firm has a market capitalization of $83.44 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21. Trane Technologies has a 12-month low of $298.15 and a 12-month high of $476.18.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.80 by $0.08. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the business earned $3.37 earnings per share. Trane Technologies’s revenue for the quarter 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. On average, equities research analysts anticipate that Trane Technologies will post 12.83 EPS for the current year.

Insider Activity at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the completion of the sale, the chief accounting officer owned 7,148 shares in the company, valued at approximately $3,145,120. This represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Trane Technologies

Several hedge funds have recently made changes to their positions in the business. Ethic Inc. grew its position in Trane Technologies by 6.6% during the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock worth $11,601,000 after buying an additional 1,672 shares in the last quarter. Triton Financial Group Inc acquired a new stake in shares of Trane Technologies in the 2nd quarter valued at approximately $1,273,000. OMNI 360 Wealth Inc. acquired a new position in shares of Trane Technologies during the second quarter worth $345,000. Illinois Municipal Retirement Fund increased its position in shares of Trane Technologies by 2.7% during the second quarter. Illinois Municipal Retirement Fund now owns 28,083 shares of the company’s stock worth $12,284,000 after buying an additional 726 shares during the period. Finally, Hibernia Wealth Partners LLC bought a new position in Trane Technologies during the second quarter worth $266,000. 82.97% of the stock is owned by institutional investors.

Key Trane Technologies News

Here are the key news stories impacting Trane Technologies this week:

• Positive Sentiment: Melius upgraded TT from “hold” to “buy” and set a $490 price target (~30% above the current price), which supports upside expectations and can attract buyers. Melius Upgrade
• Neutral Sentiment: Broker consensus remains generally cautious: an aggregation of analyst ratings shows an average “hold,” indicating mixed conviction among firms and limited directional pressure from consensus views. Average Rating
• Neutral Sentiment: Barclays trimmed its price target slightly (from $506 to $505) but kept an “overweight” rating — a modest technical adjustment that still implies a large upside, so the move is unlikely to be a major negative driver on its own. Barclays Note
• Negative Sentiment: Reports are raising concerns that NVIDIA and other chip firms (and related shifts in cooling/electronics design) could disrupt traditional HVAC demand dynamics or competitive positioning, pressuring investor sentiment around TT’s growth/profitability outlook. These industry-disruption stories are cited as a reason for recent share weakness. Tokenist: Nvidia’s Rubin Chips
• Negative Sentiment: Articles directly asking whether NVIDIA is “disrupting HVAC” (and noting similar pressure on peers like Johnson Controls) have contributed to sector-level selling and headline risk, which can amplify short-term declines even as fundamentals remain intact. Yahoo: Nvidia & HVAC
• Negative Sentiment: Seeking Alpha published a bearish analysis arguing that broader negative tendencies (and the Nvidia-related narrative) outweigh TT’s strengths, which can influence retail and short-term institutional flows. Seeking Alpha Bearish Take
• Negative Sentiment: UBS cut its price target to $520 — still above current levels but a downward revision that can temper upside expectations and contribute to near-term selling. UBS Price Target
• Neutral Sentiment: Non-market corporate news (e.g., Trane’s Hidden Disability Sunflower Program) is positive for ESG/stakeholder perception but unlikely to move the stock materially in the short term. Sunflower Program

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.