Trane Technologies (NYSE:TT) Price Target Raised to $575.00 at Sanford C. Bernstein

Trane Technologies (NYSE:TT) had its price objective lifted by research analysts at Sanford C. Bernstein from $555.00 to $575.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target would indicate a potential upside of 19.89% from the stock’s previous close.

Several other research firms also recently issued reports on TT. Royal Bank Of Canada reduced their price target on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. JPMorgan Chase & Co. boosted their target price on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Citigroup decreased their price target on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, Barclays increased their price objective on Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Trane Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $521.50.

Trane Technologies Stock Performance

Shares of NYSE:TT traded up $1.91 on Friday, hitting $479.60. The company had a trading volume of 156,112 shares, compared to its average volume of 1,434,464. The stock has a 50 day moving average price of $474.67 and a 200 day moving average price of $458.70. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45. The stock has a market cap of $105.52 billion, a price-to-earnings ratio of 36.30, a P/E/G ratio of 2.10 and a beta of 1.19. Trane Technologies has a 1-year low of $348.06 and a 1-year high of $505.87.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating analysts’ consensus estimates of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the business earned $3.88 EPS. Trane Technologies’s quarterly revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Analysts expect that Trane Technologies will post 15.31 EPS for the current year.

Insiders Place Their Bets

In other Trane Technologies news, CEO David S. Regnery sold 43,778 shares of Trane Technologies stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the completion of the transaction, the chief executive officer owned 96,950 shares in the company, valued at approximately $46,051,250. The trade was a 31.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trane Technologies

Institutional investors have recently made changes to their positions in the company. Tucker Asset Management LLC bought a new stake in Trane Technologies in the 4th quarter worth about $25,000. Wilkerson Advisory Group LLC boosted its holdings in Trane Technologies by 136.0% in the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock worth $25,000 after purchasing an additional 34 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Trane Technologies during the 4th quarter valued at $32,000. Elevation Wealth Partners LLC grew its holdings in Trane Technologies by 153.8% during the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock valued at $32,000 after purchasing an additional 40 shares during the period. Finally, JPL Wealth Management LLC bought a new stake in Trane Technologies during the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

About Trane Technologies

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.