Trane Technologies plc (NYSE:TT) Stock Has Consensus Price Target of $531.21 According to Brokerages

Shares of Trane Technologies plc (NYSE:TT) have been given an average rating of “Moderate Buy” by the twenty ratings firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $537.68.

A number of equities analysts recently weighed in on the stock. BNP Paribas Exane lifted their target price on shares of Trane Technologies from $560.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut their price target on shares of Trane Technologies from $515.00 to $499.00 and set a “hold” rating on the stock in a research report on Wednesday, September 30th. Sanford C. Bernstein upped their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Wall Street Zen downgraded Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Finally, The Goldman Sachs Group lifted their price objective on Trane Technologies from $539.00 to $548.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st.

Trane Technologies Stock Down 0.1%

Trane Technologies stock opened at $476.64 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. Trane Technologies has a 52-week low of $348.06 and a 52-week high of $505.87. The firm has a 50 day moving average price of $455.24 and a two-hundred day moving average price of $461.59. The firm has a market cap of $104.87 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.23 and a beta of 1.15.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the company earned $3.88 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities analysts predict that Trane Technologies will post 15.30 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 4th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $4.20 annualized dividend and a yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is currently 31.82%.

Insider Buying and Selling

In other Trane Technologies news, CEO David Regnery sold 48,091 shares of Trane Technologies stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total value of $23,083,680.00. Following the completion of the sale, the chief executive officer directly owned 96,951 shares in the company, valued at approximately $46,536,480. The trade was a 33.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 owned by corporate insiders.

Hedge Funds Weigh In On Trane Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Bell Investment Advisors Inc increased its holdings in shares of Trane Technologies by 12.2% during the first quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock valued at $85,000 after acquiring an additional 22 shares in the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of Trane Technologies by 10.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 239 shares of the company’s stock worth $108,000 after purchasing an additional 23 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Trane Technologies by 14.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock worth $79,000 after purchasing an additional 24 shares in the last quarter. Wescott Financial Advisory Group LLC lifted its holdings in shares of Trane Technologies by 1.5% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 1,719 shares of the company’s stock worth $669,000 after purchasing an additional 25 shares in the last quarter. Finally, Westfuller Advisors LLC grew its position in Trane Technologies by 5.9% in the 1st quarter. Westfuller Advisors LLC now owns 447 shares of the company’s stock valued at $186,000 after purchasing an additional 25 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

About Trane Technologies

Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.

The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.