Trane Technologies (NYSE:TT) Stock Price Target Raised at Mizuho

Trane Technologies (NYSE:TT) had its price objective upped by investment analysts at Mizuho from $475.00 to $485.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s target price would suggest a potential upside of 7.24% from the stock’s previous close.

TT has been the subject of several other research reports. Sanford C. Bernstein boosted their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. BNP Paribas Exane upped their target price on shares of Trane Technologies from $560.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Wells Fargo & Company assumed coverage on shares of Trane Technologies in a research report on Friday, September 25th. They issued an “overweight” rating and a $536.00 target price on the stock. Robert W. Baird lifted their price target on shares of Trane Technologies from $515.00 to $532.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $548.00 to $565.00 in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $539.42.

Trane Technologies Stock Down 4.0%

Shares of NYSE TT traded down $19.02 during midday trading on Thursday, hitting $452.27. 1,104,501 shares of the company’s stock were exchanged, compared to its average volume of 1,364,169. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. Trane Technologies has a twelve month low of $348.06 and a twelve month high of $505.87. The company has a market cap of $99.51 billion, a PE ratio of 34.17, a P/E/G ratio of 2.23 and a beta of 1.15. The firm’s fifty day simple moving average is $455.38 and its 200-day simple moving average is $462.69.

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

Insider Transactions at Trane Technologies

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 transaction of $23,083,680.00. Following the transaction, the chief executive officer owned 96,951 shares of the company’s stock, valued at $46,536,480. The trade was a 33.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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.

Institutional Investors Weigh In On Trane Technologies

Large investors have recently modified their holdings of the company. SEB Asset Management AB purchased a new stake in Trane Technologies in the 1st quarter valued at $47,195,000. Nicholson Wealth Management Group LLC purchased a new position in Trane Technologies during the 1st quarter worth $1,644,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Trane Technologies by 54.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,153 shares of the company’s stock worth $41,321,000 after purchasing an additional 34,930 shares during the last quarter. Kestra Advisory Services LLC increased its stake in Trane Technologies by 14.2% in the first quarter. Kestra Advisory Services LLC now owns 26,934 shares of the company’s stock valued at $11,224,000 after purchasing an additional 3,348 shares during the period. Finally, KPP Advisory Services LLC acquired a new position in Trane Technologies in the first quarter valued at $855,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Company Profile

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.