Trane Technologies (NYSE:TT) Raised to “Strong-Buy” at Melius Research

Trane Technologies (NYSE:TT) was upgraded by equities researchers at Melius Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other analysts have also commented on TT. UBS Group decreased their price objective on Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday. Barclays decreased their price target on shares of Trane Technologies from $506.00 to $505.00 and set an “overweight” rating on the stock in a research note on Wednesday. Citigroup boosted their price objective on shares of Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Bank of America upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $490.00 to $550.00 in a research report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Trane Technologies has an average rating of “Moderate Buy” and an average target price of $474.60.

Trane Technologies Trading Down 1.3%

Shares of TT opened at $376.28 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84. Trane Technologies has a 1-year low of $298.15 and a 1-year high of $476.18. The stock has a market cap of $83.44 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21. The firm has a 50 day simple moving average of $407.35 and a 200-day simple moving average of $419.67.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.80 by $0.08. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.Trane Technologies’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Equities analysts forecast that Trane Technologies will post 12.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total transaction of $264,000.00. Following the transaction, the chief accounting officer owned 7,148 shares of the company’s stock, valued at $3,145,120. This trade represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Trane Technologies in the 2nd quarter valued at $1,356,065,000. JPMorgan Chase & Co. increased its holdings in Trane Technologies by 10.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,525,010 shares of the company’s stock valued at $6,550,975,000 after purchasing an additional 1,433,563 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Trane Technologies by 229.3% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,752,551 shares of the company’s stock valued at $766,583,000 after purchasing an additional 1,220,388 shares during the period. Nordea Investment Management AB lifted its stake in shares of Trane Technologies by 89.1% during the second quarter. Nordea Investment Management AB now owns 2,455,734 shares of the company’s stock worth $1,066,845,000 after purchasing an additional 1,157,405 shares in the last quarter. Finally, ABN AMRO Bank N.V. purchased a new stake in shares of Trane Technologies in the second quarter worth about $291,206,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies News Summary

Here are the key news stories impacting Trane Technologies this week:

• Positive Sentiment: Melius upgraded TT from “hold” to “buy” and set a $490 price target (~30% above the current price), which supports upside expectations and can attract buyers. Melius Upgrade
• Neutral Sentiment: Broker consensus remains generally cautious: an aggregation of analyst ratings shows an average “hold,” indicating mixed conviction among firms and limited directional pressure from consensus views. Average Rating
• Neutral Sentiment: Barclays trimmed its price target slightly (from $506 to $505) but kept an “overweight” rating — a modest technical adjustment that still implies a large upside, so the move is unlikely to be a major negative driver on its own. Barclays Note
• Negative Sentiment: Reports are raising concerns that NVIDIA and other chip firms (and related shifts in cooling/electronics design) could disrupt traditional HVAC demand dynamics or competitive positioning, pressuring investor sentiment around TT’s growth/profitability outlook. These industry-disruption stories are cited as a reason for recent share weakness. Tokenist: Nvidia’s Rubin Chips
• Negative Sentiment: Articles directly asking whether NVIDIA is “disrupting HVAC” (and noting similar pressure on peers like Johnson Controls) have contributed to sector-level selling and headline risk, which can amplify short-term declines even as fundamentals remain intact. Yahoo: Nvidia & HVAC
• Negative Sentiment: Seeking Alpha published a bearish analysis arguing that broader negative tendencies (and the Nvidia-related narrative) outweigh TT’s strengths, which can influence retail and short-term institutional flows. Seeking Alpha Bearish Take
• Negative Sentiment: UBS cut its price target to $520 — still above current levels but a downward revision that can temper upside expectations and contribute to near-term selling. UBS Price Target
• Neutral Sentiment: Non-market corporate news (e.g., Trane’s Hidden Disability Sunflower Program) is positive for ESG/stakeholder perception but unlikely to move the stock materially in the short term. Sunflower Program

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.