Trane Technologies (NYSE:TT) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Trane Technologies (NYSE:TT) from a hold rating to a buy rating in a research report released on Saturday morning.

Other equities analysts have also recently issued reports about the stock. Barclays lifted their price target on shares of Trane Technologies from $507.00 to $585.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Sanford C. Bernstein increased their price objective 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. KeyCorp raised their price objective on shares of Trane Technologies from $525.00 to $555.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a research report on Friday, July 17th. Finally, JPMorgan Chase & Co. upped their target price on Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Trane Technologies has an average rating of “Moderate Buy” and a consensus target price of $521.50.

Trane Technologies Stock Performance

NYSE TT opened at $453.67 on Friday. The business’s 50 day moving average price is $475.23 and its 200-day moving average price is $460.76. Trane Technologies has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. The company has a market cap of $99.82 billion, a P/E ratio of 34.37, a P/E/G ratio of 1.99 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the company earned $3.88 earnings per share. Trane Technologies’s revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Sell-side 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. Investors of record on Friday, September 4th will be issued 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 yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is presently 31.82%.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 43,778 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total value of $20,794,550.00. Following the completion of the sale, the chief executive officer directly owned 96,950 shares of the company’s stock, valued at $46,051,250. The trade was a 31.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

Institutional Trading of Trane Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bell Investment Advisors Inc grew its stake in Trane Technologies by 12.2% in the first quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock worth $85,000 after purchasing an additional 22 shares in the last quarter. Fiduciary Family Office LLC lifted its holdings in shares of Trane Technologies by 1.5% in the 4th quarter. Fiduciary Family Office LLC now owns 1,573 shares of the company’s stock worth $612,000 after buying an additional 23 shares during the period. Foster Dykema Cabot & Partners LLC lifted its holdings in shares of Trane Technologies by 10.6% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 239 shares of the company’s stock worth $93,000 after buying an additional 23 shares during the period. Bridges Investment Management Inc. grew its position in shares of Trane Technologies by 1.6% during the 4th quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock worth $600,000 after buying an additional 24 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in shares of Trane Technologies by 14.5% during the first quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock valued at $79,000 after buying an additional 24 shares during the period. Institutional investors own 82.97% of the company’s stock.

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.