Trane Technologies (NYSE:TT) Stock Rating Lowered by Wall Street Zen

Trane Technologies (NYSE:TT) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday, Wall Street Zen reports.

A number of other research firms also recently weighed in on TT. Sanford C. Bernstein raised their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Citigroup decreased their target price on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Royal Bank Of Canada dropped their price target on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. raised their price objective on Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $521.50.

Trane Technologies Stock Down 0.9%

NYSE TT opened at $445.00 on Friday. The business has a fifty day moving average price of $472.01 and a two-hundred day moving average price of $461.23. The stock has a market capitalization of $97.91 billion, a PE ratio of 33.71, a PEG ratio of 1.97 and a beta of 1.19. Trane Technologies has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. 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 (NYSE:TT) last posted its quarterly earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.Trane Technologies’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities analysts expect that Trane Technologies will post 15.31 earnings per share for the current fiscal year.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 43,778 shares of Trane Technologies stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction 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. The trade was a 31.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trane Technologies

A number of hedge funds have recently made changes to their positions in TT. Tucker Asset Management LLC acquired a new stake in shares of Trane Technologies during the 4th quarter worth approximately $25,000. Wilkerson Advisory Group LLC raised its position in Trane Technologies by 136.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after buying an additional 34 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Trane Technologies during the fourth quarter valued at about $32,000. Elevation Wealth Partners LLC boosted its stake in shares of Trane Technologies by 153.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock worth $32,000 after buying an additional 40 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new position in shares of Trane Technologies in the 3rd quarter worth about $32,000. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Company Profile

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.