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

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

A number of other analysts have also recently commented on the stock. Citigroup decreased 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. Sanford C. Bernstein set a $555.00 target price on shares of Trane Technologies in a research report on Thursday, July 9th. Barclays increased their price target on Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. BNP Paribas Exane assumed coverage on shares of Trane Technologies in a research report on Tuesday, April 14th. They set an “outperform” rating and a $550.00 target price on the stock. Finally, Evercore started coverage on shares of Trane Technologies in a research report on Monday, April 13th. They set an “outperform” rating and a $535.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $520.07.

Trane Technologies Stock Performance

Trane Technologies stock opened at $483.86 on Friday. The business has a 50 day moving average of $474.12 and a 200-day moving average of $457.43. The company has a market capitalization of $106.46 billion, a P/E ratio of 36.66, a P/E/G ratio of 2.09 and a beta of 1.19. Trane Technologies has a 1 year low of $348.06 and a 1 year high of $505.87. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76.

Trane Technologies (NYSE:TT) last posted 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 net margin of 13.28% and a return on equity of 35.72%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the company earned $3.88 EPS. The firm’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. On average, equities research analysts predict that Trane Technologies will post 15.31 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a $1.05 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s payout ratio is currently 31.82%.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 43,778 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 96,950 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Notis McConarty Edward bought a new stake in Trane Technologies in the 2nd quarter worth approximately $1,081,000. Somerville Kurt F purchased a new stake in Trane Technologies in the 2nd quarter worth $635,000. Knuff & Co LLC purchased a new position in Trane Technologies during the 2nd quarter valued at approximately $98,000. Flossbach Von Storch SE bought a new stake in Trane Technologies in the 2nd quarter worth approximately $54,759,000. Finally, Great Lakes Advisors LLC bought a new position in shares of Trane Technologies during the 2nd quarter valued at approximately $5,827,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

About Trane Technologies

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.