Trane Technologies (NYSE:TT) Given New $502.00 Price Target at Royal Bank Of Canada

by · The Markets Daily

Trane Technologies (NYSE:TT – Get Free Report) had its target price upped by Royal Bank Of Canada from $496.00 to $502.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 5.70% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Citigroup reduced their price objective on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Wells Fargo & Company started coverage on shares of Trane Technologies in a report on Friday, September 25th. They issued an “overweight” rating and a $536.00 target price on the stock. The Goldman Sachs Group raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and set a $565.00 target price for the company in a research note on Wednesday. Wall Street Zen lowered shares of Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Finally, Robert W. Baird raised their target price on shares of Trane Technologies from $515.00 to $532.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $538.89.

Read Our Latest Stock Report on Trane Technologies

Trane Technologies Stock Performance

TT stock traded down $3.09 during trading on Wednesday, reaching $474.92. 133,971 shares of the company’s stock were exchanged, compared to its average volume of 1,360,215. Trane Technologies has a 1-year low of $348.06 and a 1-year high of $505.87. The firm has a market cap of $104.49 billion, a PE ratio of 36.07, a P/E/G ratio of 2.23 and a beta of 1.15. The company’s fifty day moving average price is $455.64 and its 200-day moving average price is $462.24. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45.

Trane Technologies (NYSE:TT – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating analysts’ consensus estimates of $4.27 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the business earned $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, research analysts expect that Trane Technologies will post 15.30 EPS for the current fiscal year.

Insider Activity at Trane Technologies

In other news, CEO David Regnery sold 48,091 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total transaction of $23,083,680.00. Following the transaction, the chief executive officer owned 96,951 shares in the company, valued at $46,536,480. This represents a 33.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 Investors Weigh In On Trane Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Wilkerson Advisory Group LLC raised its holdings in Trane Technologies by 136.0% during the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after buying an additional 34 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of Trane Technologies by 153.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Trane Technologies by 192.6% in the 1st quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock valued at $33,000 after acquiring an additional 52 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Trane Technologies in the 1st quarter valued at approximately $33,000. Finally, Axiom Investment Management LLC bought a new position in shares of Trane Technologies in the 1st quarter valued at approximately $50,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Company Profile

(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.

The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.

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