Trane Technologies (NYSE:TT) Research Coverage Started at JPMorgan Chase & Co.

12 Oct 2026, 05:13 by Michael Walen · The Markets Daily

JPMorgan Chase & Co. assumed coverage on shares of Trane Technologies (NYSE:TT – Free Report) in a report released on Friday, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $550.00 price target on the stock.

Several other equities analysts also recently issued reports on TT. Sanford C. Bernstein increased their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Royal Bank Of Canada dropped their target price on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Citigroup cut their target price on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Wells Fargo & Company assumed coverage on shares of Trane Technologies in a research report on Friday, September 25th. They set an “overweight” rating and a $536.00 price target for the company. Finally, Wall Street Zen lowered shares of Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Trane Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $537.68.

Read Our Latest Stock Report on TT

Trane Technologies Trading Down 0.1%

Shares of TT stock opened at $476.64 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. The company has a market cap of $104.87 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.23 and a beta of 1.15. The stock has a 50 day simple moving average of $455.24 and a 200-day simple moving average of $461.59. Trane Technologies has a 1-year low of $348.06 and a 1-year high of $505.87.

Trane Technologies (NYSE:TT – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the firm posted $3.88 EPS. The business’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. On average, equities research analysts expect that Trane Technologies will post 15.30 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 4th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, December 4th. Trane Technologies’s payout ratio is presently 31.82%.

Insider Activity at Trane Technologies

In related news, CEO David Regnery sold 48,091 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total value of $23,083,680.00. Following the completion of the transaction, the chief executive officer directly owned 96,951 shares of the company’s stock, valued at approximately $46,536,480. This represents a 33.16% decrease in their position. The transaction was disclosed in a document filed 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. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Trane Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TT. State Street Corp lifted its position in shares of Trane Technologies by 0.6% during the 4th quarter. State Street Corp now owns 10,113,123 shares of the company’s stock worth $3,936,034,000 after buying an additional 61,393 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Trane Technologies by 0.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,340,219 shares of the company’s stock valued at $910,813,000 after buying an additional 7,537 shares during the last quarter. Amundi grew its position in shares of Trane Technologies by 47.8% in the 1st quarter. Amundi now owns 2,174,396 shares of the company’s stock valued at $906,158,000 after buying an additional 703,018 shares during the last quarter. Nuveen LLC raised its stake in Trane Technologies by 1.7% during the 4th quarter. Nuveen LLC now owns 2,171,608 shares of the company’s stock worth $845,190,000 after acquiring an additional 36,655 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Trane Technologies by 10.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,878,018 shares of the company’s stock worth $782,707,000 after acquiring an additional 180,537 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

About Trane Technologies

(Get Free Report)

Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.