Trane Technologies (NYSE:TT) Given New $501.00 Price Target at Royal Bank Of Canada
by Renee Jackson · The Cerbat GemTrane Technologies (NYSE:TT – Free Report) had its price objective lifted by Royal Bank Of Canada from $440.00 to $501.00 in a report released on Friday morning,Benzinga reports. They currently have a sector perform rating on the stock.
A number of other equities analysts have also weighed in on the stock. UBS Group dropped their target price on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, January 5th. JPMorgan Chase & Co. lifted their price target on shares of Trane Technologies from $434.00 to $460.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Evercore started coverage on shares of Trane Technologies in a research note on Monday, April 13th. They issued an “outperform” rating and a $535.00 price target on the stock. Morgan Stanley dropped their price objective on shares of Trane Technologies from $550.00 to $535.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Finally, Wells Fargo & Company lifted their target price on Trane Technologies from $375.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $505.56.
Trane Technologies Price Performance
Shares of NYSE:TT traded down $5.81 during trading on Friday, hitting $486.73. 1,081,887 shares of the company’s stock were exchanged, compared to its average volume of 1,200,170. The business’s 50-day simple moving average is $447.39 and its 200 day simple moving average is $425.36. The company has a market cap of $107.63 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 2.60 and a beta of 1.25. Trane Technologies has a 52-week low of $348.06 and a 52-week high of $503.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.10 and a quick ratio of 0.92.
Trane Technologies (NYSE:TT – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.10. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The business had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the prior year, the company posted $2.45 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. As a group, equities analysts predict that Trane Technologies will post 14.75 EPS for the current year.
Trane Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, June 5th. Trane Technologies’s payout ratio is currently 32.48%.
Insider Buying and Selling at Trane Technologies
In other news, CFO Christopher J. Kuehn sold 8,619 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $450.00, for a total transaction of $3,878,550.00. Following the sale, the chief financial officer directly owned 60,576 shares in the company, valued at approximately $27,259,200. This represents a 12.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David S. Regnery sold 36,045 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $422.69, for a total transaction of $15,235,861.05. Following the completion of the transaction, the chief executive officer directly owned 96,948 shares of the company’s stock, valued at approximately $40,978,950.12. The trade was a 27.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,590 shares of company stock worth $27,403,514 over the last three months. 0.14% of the stock is owned by company insiders.
Institutional Investors Weigh In On Trane Technologies
Several institutional investors have recently modified their holdings of the stock. Aptus Capital Advisors LLC boosted its stake in Trane Technologies by 169.8% during the third quarter. Aptus Capital Advisors LLC now owns 14,738 shares of the company’s stock worth $6,219,000 after buying an additional 9,276 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Trane Technologies in the third quarter valued at $6,571,000. Nordea Investment Management AB lifted its holdings in shares of Trane Technologies by 2.4% in the 3rd quarter. Nordea Investment Management AB now owns 2,513,508 shares of the company’s stock worth $1,051,049,000 after acquiring an additional 57,774 shares during the last quarter. Boston Common Asset Management LLC bought a new stake in shares of Trane Technologies in the 3rd quarter worth about $9,546,000. Finally, Compass Wealth Management LLC boosted its stake in shares of Trane Technologies by 3,785.4% during the 3rd quarter. Compass Wealth Management LLC now owns 27,198 shares of the company’s stock worth $11,476,000 after purchasing an additional 26,498 shares during the period. 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: Q1 beat and raised full‑year guidance — Trane reported adjusted EPS of $2.63 and revenue of $4.97B, topped estimates and raised FY‑2026 EPS guidance to $14.75–14.95 and revenue guidance above prior expectations. Business Wire: Q1 Results & Guidance
- Positive Sentiment: Strong bookings and record backlog — Bookings rose ~24% (GAAP bookings $6.69B) and backlog hit a record ~$10.7B, supporting the higher outlook. Zacks: Bookings & Backlog
- Positive Sentiment: Barclays raised its target to $585 and kept an overweight rating — a sizeable upgrade that implies meaningful upside. Benzinga: Barclays Raise
- Positive Sentiment: Citigroup raised its target to $570 and reiterated a buy rating — another influential firm boosting expectations. Benzinga: Citi Raise
- Positive Sentiment: KeyCorp and RBC also lifted targets (KeyCorp to $555, RBC to $501), adding to the cluster of analyst support. Benzinga: KeyCorp & RBC Raises
- Neutral Sentiment: Earnings call materials and slide deck available for deeper read — useful for investors assessing margin drivers and backlog conversion timing. Seeking Alpha: Q1 Presentation
- Negative Sentiment: Relative underperformance vs. peers noted — one note flagged that TT underperformed competitors on the day despite gains, which could reflect sector rotation or profit‑taking after the rally. MarketWatch: Relative Underperformance
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.