Trane Technologies (NYSE:TT) Given New $180.00 Price Target at Barclays


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Trane Technologies (NYSE:TT) had its target price hoisted by research analysts at Barclays from $173.00 to $180.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 5.57% from the company’s previous close.

TT has been the subject of several other research reports. Morgan Stanley upped their price target on shares of Trane Technologies from $168.00 to $187.00 and gave the stock an “overweight” rating in a research report on Monday. Credit Suisse Group increased their target price on shares of Trane Technologies from $158.00 to $166.00 and gave the company an “outperform” rating in a research report on Monday, February 8th. Royal Bank of Canada increased their target price on shares of Trane Technologies from $137.00 to $145.00 and gave the company a “sector perform” rating in a research report on Monday, February 8th. They noted that the move was a valuation call. Jefferies Financial Group upped their price target on shares of Trane Technologies from $140.00 to $160.00 and gave the company a “hold” rating in a report on Friday, January 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Trane Technologies from $150.00 to $157.00 and gave the company a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. Trane Technologies currently has a consensus rating of “Hold” and a consensus target price of $140.47.

TT stock traded down $0.10 during trading on Tuesday, hitting $170.51. 36,772 shares of the company’s stock traded hands, compared to its average volume of 1,186,793. The company has a quick ratio of 1.38, a current ratio of 1.67 and a debt-to-equity ratio of 0.70. Trane Technologies has a 52 week low of $73.73 and a 52 week high of $170.96. The stock has a fifty day moving average price of $162.61 and a two-hundred day moving average price of $146.52. The stock has a market capitalization of $40.65 billion, a price-to-earnings ratio of 45.74, a price-to-earnings-growth ratio of 2.51 and a beta of 0.95.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, February 4th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.92 by $0.11. The business had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.08 billion. Trane Technologies had a net margin of 6.75% and a return on equity of 18.42%. The company’s quarterly revenue was down .2% compared to the same quarter last year. As a group, equities research analysts expect that Trane Technologies will post 4.29 EPS for the current fiscal year.

In other Trane Technologies news, EVP Marcia J. Avedon sold 2,737 shares of the company’s stock in a transaction dated Tuesday, February 9th. The shares were sold at an average price of $147.16, for a total transaction of $402,776.92. Also, SVP Keith A. Sultana sold 4,914 shares of the company’s stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $150.32, for a total transaction of $738,672.48. Following the sale, the senior vice president now owns 16,561 shares of the company’s stock, valued at $2,489,449.52. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighPoint Advisor Group LLC lifted its stake in shares of Trane Technologies by 3.8% in the first quarter. HighPoint Advisor Group LLC now owns 1,757 shares of the company’s stock valued at $298,000 after buying an additional 65 shares during the period. Bigelow Investment Advisors LLC lifted its stake in shares of Trane Technologies by 4.8% in the fourth quarter. Bigelow Investment Advisors LLC now owns 1,736 shares of the company’s stock valued at $252,000 after buying an additional 80 shares during the period. Buckley Wealth Management LLC lifted its stake in shares of Trane Technologies by 2.7% in the fourth quarter. Buckley Wealth Management LLC now owns 3,090 shares of the company’s stock valued at $449,000 after buying an additional 81 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Trane Technologies by 2.1% in the fourth quarter. International Assets Investment Management LLC now owns 3,961 shares of the company’s stock valued at $575,000 after buying an additional 81 shares during the period. Finally, Guyasuta Investment Advisors Inc. lifted its stake in Trane Technologies by 1.6% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 5,183 shares of the company’s stock worth $752,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 79.85% of the company’s stock.

Trane Technologies Company Profile

Trane Technologies Plc engages in the provision of products, services, and solutions to enhance the quality, energy, and comfort of air in homes and buildings, transport and protect food and perishables and increase industrial productivity and efficiency. It operates through the following segments: Americas, EMEA, and Asia Pacific.

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Analyst Recommendations for Trane Technologies (NYSE:TT)

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