Trane Technologies (NYSE:TT) Now Covered by Analysts at Wells Fargo & Company

Equities research analysts at Wells Fargo & Company started coverage on shares of Trane Technologies (NYSE:TT) in a report issued on Friday, Briefing.com reports. The brokerage set an “overweight” rating and a $536.00 price target on the stock. Wells Fargo & Company‘s target price points to a potential upside of 22.11% from the company’s previous close.

TT has been the subject of several other reports. Royal Bank Of Canada decreased 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 report on Friday, July 31st. Weiss Ratings raised shares of Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. Wall Street Zen downgraded Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Citigroup lowered their target price on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a report on Friday, July 31st. Finally, Sanford C. Bernstein raised their price target on Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $531.21.

Trane Technologies Stock Performance

NYSE:TT opened at $438.93 on Friday. The firm has a 50-day moving average of $456.12 and a two-hundred day moving average of $458.57. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. The stock has a market cap of $96.57 billion, a P/E ratio of 33.25, a PEG ratio of 2.09 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 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. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, research analysts expect that Trane Technologies will post 15.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO David Regnery sold 43,778 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the transaction, the chief executive officer directly owned 96,950 shares of the company’s stock, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Trane Technologies by 21.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,545 shares of the company’s stock valued at $3,215,000 after acquiring an additional 1,158 shares during the period. Junto Capital Management LP acquired a new stake in shares of Trane Technologies in the second quarter valued at approximately $113,797,000. Sequoia Financial Advisors LLC boosted its position in Trane Technologies by 24.2% during the second quarter. Sequoia Financial Advisors LLC now owns 9,530 shares of the company’s stock valued at $4,681,000 after purchasing an additional 1,858 shares during the last quarter. Tidal Investments LLC grew its position in shares of Trane Technologies by 15.3% in the 2nd quarter. Tidal Investments LLC now owns 32,105 shares of the company’s stock valued at $15,769,000 after acquiring an additional 4,264 shares during the period. Finally, MCF Advisors LLC increased its holdings in shares of Trane Technologies by 1,175.7% during the 2nd quarter. MCF Advisors LLC now owns 6,455 shares of the company’s stock worth $3,170,000 after acquiring an additional 5,949 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Company Profile

Trane Technologies plc is a global climate-focused company that designs, manufactures and services solutions for heating, ventilation and air conditioning (HVAC), as well as transport refrigeration. Its offerings include commercial and residential HVAC systems, building controls, energy-efficiency solutions, aftermarket services and parts, and related building-management technologies.

The company also serves the transportation market through refrigeration and temperature-control systems for trucks, trailers, rail cars and other applications.