Trane Technologies plc (TT) – What Are Researchers Saying About This Stock?

Trane Technologies plc (NYSE:TT) has received a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $537.68.

Several research firms have recently commented on TT. JPMorgan Chase & Co. began coverage on shares of Trane Technologies in a research note on Friday, October 9th. They issued an “overweight” rating and a $550.00 target price for the company. BNP Paribas Exane boosted their target price on shares of Trane Technologies from $560.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Wells Fargo & Company assumed coverage on shares of Trane Technologies in a report on Friday, September 25th. They issued an “overweight” rating and a $536.00 price target for the company. Weiss Ratings upgraded Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Trane Technologies from $515.00 to $499.00 and set a “hold” rating on the stock in a report on Wednesday, September 30th.

Trane Technologies Stock Up 0.1%

Shares of NYSE TT opened at $478.07 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. The stock has a market cap of $105.19 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. The business has a 50-day moving average price of $455.64 and a 200 day moving average price of $462.24. Trane Technologies has a 52-week low of $348.06 and a 52-week high of $505.87.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating analysts’ consensus estimates of $4.27 by $0.04. The company had revenue of $6.35 billion for 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%. Trane Technologies’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities research analysts forecast that Trane Technologies will post 15.30 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is presently 31.82%.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David Regnery sold 48,091 shares of the stock in a transaction 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. This represents a 33.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its position in Trane Technologies by 0.6% during the 4th quarter. State Street Corp now owns 10,113,123 shares of the company’s stock worth $3,936,034,000 after purchasing an additional 61,393 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Trane Technologies by 0.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,340,219 shares of the company’s stock valued at $910,813,000 after buying an additional 7,537 shares during the period. Amundi lifted its position in Trane Technologies by 47.8% during the 1st quarter. Amundi now owns 2,174,396 shares of the company’s stock worth $906,158,000 after acquiring an additional 703,018 shares in the last quarter. Nuveen LLC grew its position in Trane Technologies by 1.7% in the fourth quarter. Nuveen LLC now owns 2,171,608 shares of the company’s stock valued at $845,190,000 after acquiring an additional 36,655 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Trane Technologies by 10.6% during the first quarter. Janus Henderson Group PLC now owns 1,878,018 shares of the company’s stock worth $782,707,000 after purchasing an additional 180,537 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.