Trane Technologies plc (NYSE:TT) Receives Consensus Recommendation of “Hold” from Brokerages

Trane Technologies plc (NYSE:TT) has been assigned an average recommendation of “Hold” from the sixteen analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $198.41.

Several research analysts have issued reports on the stock. Citigroup raised their price target on shares of Trane Technologies from $218.00 to $237.00 in a report on Thursday, August 3rd. Mizuho raised their price target on shares of Trane Technologies from $185.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, August 3rd. Wells Fargo & Company raised their price target on shares of Trane Technologies from $172.00 to $181.00 in a report on Monday, July 10th. Royal Bank of Canada raised their price target on shares of Trane Technologies from $194.00 to $204.00 and gave the stock a “sector perform” rating in a report on Thursday, August 3rd. Finally, Barclays lifted their price objective on shares of Trane Technologies from $210.00 to $222.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd.

Insider Transactions at Trane Technologies

In other news, SVP Evan M. Turtz sold 6,108 shares of Trane Technologies stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $205.21, for a total transaction of $1,253,422.68. Following the sale, the senior vice president now directly owns 19,666 shares in the company, valued at approximately $4,035,659.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Linda P. Hudson sold 3,100 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $204.70, for a total value of $634,570.00. Following the sale, the director now directly owns 4,332 shares in the company, valued at approximately $886,760.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Evan M. Turtz sold 6,108 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $205.21, for a total value of $1,253,422.68. Following the completion of the sale, the senior vice president now owns 19,666 shares in the company, valued at $4,035,659.86. The disclosure for this sale can be found here. Insiders have sold 20,374 shares of company stock worth $4,080,669 in the last ninety days. Company insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Trane Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Delta Asset Management LLC TN bought a new stake in shares of Trane Technologies during the fourth quarter valued at about $27,000. Capital Advisors Ltd. LLC increased its position in shares of Trane Technologies by 453.6% during the second quarter. Capital Advisors Ltd. LLC now owns 155 shares of the company’s stock valued at $30,000 after buying an additional 127 shares during the period. Live Oak Investment Partners bought a new stake in shares of Trane Technologies during the fourth quarter valued at about $30,000. WealthPLAN Partners LLC bought a new stake in shares of Trane Technologies during the first quarter valued at about $33,000. Finally, 1832 Asset Management L.P. bought a new stake in shares of Trane Technologies during the first quarter valued at about $34,000. 80.66% of the stock is currently owned by institutional investors.

Trane Technologies Stock Up 0.2 %

Shares of NYSE TT opened at $202.49 on Friday. The company has a 50 day simple moving average of $201.08 and a 200 day simple moving average of $187.33. The firm has a market cap of $46.25 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. Trane Technologies has a 1 year low of $139.07 and a 1 year high of $211.58. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.19 and a quick ratio of 0.77.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.12. Trane Technologies had a net margin of 11.18% and a return on equity of 31.22%. The firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same quarter last year, the business earned $2.16 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. On average, research analysts forecast that Trane Technologies will post 8.86 EPS for the current year.

About Trane Technologies

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.