Trane Technologies (NYSE:TT) Given “Maintains” Rating at 92 Resources

Trane Technologies (NYSE:TT – Get Rating)‘s stock had its “maintains” rating reaffirmed by stock analysts at 92 Resources in a research note issued to investors on Thursday, Benzinga reports.

A number of other research analysts also recently commented on TT. 888 reissued a “maintains” rating on shares of Trane Technologies in a research report on Thursday. Citigroup raised their target price on shares of Trane Technologies from $204.00 to $218.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. The Goldman Sachs Group cut their target price on shares of Trane Technologies from $203.00 to $178.00 and set a “neutral” rating for the company in a research note on Friday, April 14th. Stephens raised their target price on shares of Trane Technologies from $170.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, February 6th. Finally, Argus raised their target price on shares of Trane Technologies from $185.00 to $200.00 in a research note on Wednesday, February 8th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $182.58.

Trane Technologies Stock Performance

Shares of TT opened at $176.81 on Thursday. The firm has a 50-day moving average of $181.12 and a 200-day moving average of $175.95. Trane Technologies has a one year low of $120.64 and a one year high of $196.22. The company has a market cap of $40.32 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.94 and a beta of 0.99. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.26 and a quick ratio of 0.77.

Trane Technologies (NYSE:TT – Get Rating) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.08. Trane Technologies had a net margin of 11.06% and a return on equity of 30.11%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the firm posted $1.12 EPS. The company’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, equities analysts forecast that Trane Technologies will post 8.41 earnings per share for the current year.

Insider Activity

In other news, EVP Paul A. Camuti sold 690 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $180.64, for a total value of $124,641.60. Following the completion of the transaction, the executive vice president now directly owns 87,865 shares in the company, valued at approximately $15,871,933.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Trane Technologies news, SVP Keith A. Sultana sold 3,521 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $185.07, for a total value of $651,631.47. Following the sale, the senior vice president now owns 34,616 shares in the company, valued at $6,406,383.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul A. Camuti sold 690 shares of the business’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $180.64, for a total transaction of $124,641.60. Following the sale, the executive vice president now directly owns 87,865 shares in the company, valued at approximately $15,871,933.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,071 shares of company stock worth $2,841,093. 0.74% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TT. Moisand Fitzgerald Tamayo LLC lifted its stake in shares of Trane Technologies by 1,125.0% in the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 147 shares of the company’s stock valued at $25,000 after acquiring an additional 135 shares during the last quarter. RFP Financial Group LLC bought a new position in Trane Technologies during the 4th quarter worth $26,000. Delta Asset Management LLC TN bought a new position in Trane Technologies during the 4th quarter worth $27,000. Live Oak Investment Partners bought a new position in Trane Technologies during the 4th quarter worth $30,000. Finally, Bartlett & Co. LLC raised its position in Trane Technologies by 155.4% during the 4th quarter. Bartlett & Co. LLC now owns 189 shares of the company’s stock worth $32,000 after purchasing an additional 115 shares during the last quarter. 81.47% of the stock is currently owned by institutional investors.

About Trane Technologies

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Trane Technologies Plc engages in providing solutions to buildings, homes, and transportation. It operates through the following business segments: Americas, EMEA, and Asia Pacific. The Americas segment encompasses 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.