Trane Technologies’ (TT) Hold Rating Reiterated at Melius Research

Melius Research restated their hold rating on shares of Trane Technologies (NYSE:TTFree Report) in a report released on Tuesday, Marketbeat reports. They currently have a $398.00 price objective on the stock.

A number of other research analysts have also commented on the company. UBS Group assumed coverage on Trane Technologies in a research note on Wednesday, November 13th. They issued a “buy” rating and a $500.00 target price for the company. Mizuho increased their target price on Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target on the stock. in a research note on Thursday, October 31st. Robert W. Baird reduced their price target on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Melius lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price objective on the stock. in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $417.81.

View Our Latest Stock Report on TT

Trane Technologies Price Performance

Shares of NYSE:TT opened at $366.12 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average price of $391.62 and a 200 day moving average price of $376.27. The company has a market cap of $82.38 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 2.16 and a beta of 1.06. Trane Technologies has a twelve month low of $250.79 and a twelve month high of $422.00.

Trane Technologies (NYSE:TTGet Free Report) last announced its earnings results on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. Research analysts predict that Trane Technologies will post 11.16 earnings per share for the current year.

Insider Activity

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the completion of the sale, the senior vice president now directly owns 12,893 shares in the company, valued at $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TT. Creative Planning grew its holdings in Trane Technologies by 5.1% during the 2nd quarter. Creative Planning now owns 59,310 shares of the company’s stock worth $19,509,000 after acquiring an additional 2,901 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Trane Technologies by 8.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 22,833 shares of the company’s stock worth $7,510,000 after purchasing an additional 1,750 shares during the last quarter. Quarry LP acquired a new position in Trane Technologies during the 2nd quarter worth about $39,000. EP Wealth Advisors LLC grew its position in shares of Trane Technologies by 2.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,493 shares of the company’s stock valued at $491,000 after buying an additional 41 shares during the last quarter. Finally, Truist Financial Corp raised its position in shares of Trane Technologies by 3.0% during the second quarter. Truist Financial Corp now owns 354,263 shares of the company’s stock worth $116,528,000 after acquiring an additional 10,413 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

About Trane Technologies

(Get Free Report)

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.

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Analyst Recommendations for Trane Technologies (NYSE:TT)

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