Shares of Trane Technologies plc (NYSE:TT – Get Free Report) have been assigned an average rating of “Hold” from the fifteen analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $420.64.
A number of equities analysts have recently weighed in on TT shares. The Goldman Sachs Group upped their target price on Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Mizuho increased their target price on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. UBS Group started coverage on shares of Trane Technologies in a report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target on the stock. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Northcoast Research began coverage on Trane Technologies in a research note on Friday, November 22nd. They issued a “buy” rating and a $500.00 target price on the stock.
Check Out Our Latest Research Report on Trane Technologies
Trane Technologies Stock Performance
Trane Technologies (NYSE:TT – Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.14. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.32 billion. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.79 EPS. As a group, equities research analysts predict that Trane Technologies will post 11.16 EPS for the current year.
Insider Transactions at Trane Technologies
In other news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00. Following the completion of the sale, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Global Wealth Strategies & Associates bought a new stake in Trane Technologies in the 4th quarter valued at $26,000. MidAtlantic Capital Management Inc. acquired a new position in Trane Technologies in the third quarter worth about $27,000. DT Investment Partners LLC bought a new position in Trane Technologies during the third quarter worth about $36,000. Sound Income Strategies LLC boosted its holdings in Trane Technologies by 1,314.3% during the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock valued at $37,000 after purchasing an additional 92 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Trane Technologies in the 2nd quarter worth approximately $39,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.
Trane Technologies Company Profile
Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.
Featured Articles
- Five stocks we like better than Trane Technologies
- What Are Dividend Achievers? An Introduction
- Why Energy Transfer Stock Could Soar to New Highs in 2025
- What Does Downgrade Mean in Investing?
- 3 Buy-and-Hold Stocks for Long-Term Growth
- Pros And Cons Of Monthly Dividend Stocks
- Despite Short-Term Risks Freeport McMoran Worth a Look
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.