Trane Technologies (NYSE:TT – Get Rating) had its target price increased by research analysts at Mizuho from $175.00 to $185.00 in a research note issued on Friday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price target suggests a potential downside of 0.70% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. BMO Capital Markets cut shares of Trane Technologies from an “outperform” rating to a “market perform” rating and set a $180.00 price target on the stock. in a research report on Wednesday, December 21st. Wells Fargo & Company lifted their price target on shares of Trane Technologies from $160.00 to $163.00 and gave the stock an “underweight” rating in a research report on Thursday, January 19th. UBS Group raised Trane Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $168.00 to $200.00 in a research note on Wednesday, January 4th. Credit Suisse Group boosted their target price on Trane Technologies from $175.00 to $187.00 and gave the stock an “outperform” rating in a research report on Thursday, November 3rd. Finally, Barclays lifted their price target on Trane Technologies from $190.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, January 5th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $179.35.
Trane Technologies Stock Up 0.4 %
Shares of Trane Technologies stock opened at $186.30 on Friday. Trane Technologies has a 1-year low of $120.64 and a 1-year high of $188.23. The company has a market capitalization of $42.91 billion, a P/E ratio of 24.87, a PEG ratio of 2.05 and a beta of 1.02. The business’s fifty day moving average price is $174.83 and its two-hundred day moving average price is $163.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.12 and a quick ratio of 0.78.
Trane Technologies (NYSE:TT – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.18. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.94 billion. Trane Technologies had a net margin of 10.98% and a return on equity of 29.14%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 EPS. As a group, research analysts forecast that Trane Technologies will post 8.23 EPS for the current year.
Insider Buying and Selling
In other news, EVP Raymond D. Pittard sold 23,003 shares of Trane Technologies stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $170.42, for a total value of $3,920,171.26. Following the transaction, the executive vice president now owns 87,718 shares of the company’s stock, valued at $14,948,901.56. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC website. In other Trane Technologies news, CEO David S. Regnery sold 14,651 shares of the stock in a transaction on Friday, November 25th. The shares were sold at an average price of $179.00, for a total value of $2,622,529.00. Following the completion of the sale, the chief executive officer now directly owns 95,751 shares of the company’s stock, valued at approximately $17,139,429. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Raymond D. Pittard sold 23,003 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $170.42, for a total transaction of $3,920,171.26. Following the completion of the sale, the executive vice president now owns 87,718 shares of the company’s stock, valued at approximately $14,948,901.56. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.
Institutional Trading of Trane Technologies
Several institutional investors have recently modified their holdings of the company. Clear Street Markets LLC boosted its position in Trane Technologies by 409.4% in the second quarter. Clear Street Markets LLC now owns 489 shares of the company’s stock valued at $64,000 after buying an additional 393 shares in the last quarter. Corient Capital Partners LLC raised its stake in shares of Trane Technologies by 7.2% in the second quarter. Corient Capital Partners LLC now owns 3,525 shares of the company’s stock worth $458,000 after acquiring an additional 236 shares during the last quarter. WCG Wealth Advisors LLC acquired a new position in shares of Trane Technologies during the second quarter worth approximately $507,000. Welch & Forbes LLC grew its stake in shares of Trane Technologies by 15.9% during the third quarter. Welch & Forbes LLC now owns 2,277 shares of the company’s stock valued at $329,000 after purchasing an additional 312 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Trane Technologies by 12.3% in the second quarter. CWM LLC now owns 3,385 shares of the company’s stock valued at $440,000 after purchasing an additional 371 shares in the last quarter. Institutional investors and hedge funds own 81.47% of the company’s stock.
About Trane Technologies
(Get Rating)
Trane Technologies Plc is a global climate innovator, which engages in providing efficient and sustainable climate solutions to buildings, homes, and transportation. Its strategic brands include Trane and Thermo King. It operates through the following segments: Americas, EMEA, and Asia Pacific. The Americas segment includes commercial heating and cooling systems, building controls, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions in North America and Latin America regions.
Read More
Receive News & Ratings for Trane Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Trane Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.