Shares of Trane Technologies plc (NYSE:TT – Get Free Report) have earned an average rating of “Hold” from the thirteen research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $343.54.
Several research firms have weighed in on TT. UBS Group upped their target price on Trane Technologies from $330.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. Stephens reaffirmed an “equal weight” rating and issued a $350.00 price objective on shares of Trane Technologies in a research note on Monday, August 5th. Wells Fargo & Company boosted their target price on Trane Technologies from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Royal Bank of Canada raised their price target on shares of Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Finally, Barclays increased their price objective on shares of Trane Technologies from $385.00 to $394.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st.
Get Our Latest Research Report on Trane Technologies
Insider Buying and Selling at Trane Technologies
Hedge Funds Weigh In On Trane Technologies
Institutional investors have recently added to or reduced their stakes in the business. Swedbank AB acquired a new position in shares of Trane Technologies during the 1st quarter valued at $206,211,000. TD Asset Management Inc raised its holdings in shares of Trane Technologies by 719.8% during the fourth quarter. TD Asset Management Inc now owns 750,894 shares of the company’s stock valued at $183,143,000 after purchasing an additional 659,299 shares during the period. Putnam Investments LLC boosted its position in shares of Trane Technologies by 27,824.4% during the 4th quarter. Putnam Investments LLC now owns 572,730 shares of the company’s stock worth $139,689,000 after purchasing an additional 570,679 shares in the last quarter. 1832 Asset Management L.P. grew its stake in shares of Trane Technologies by 7,363.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 422,785 shares of the company’s stock valued at $139,067,000 after buying an additional 417,120 shares during the period. Finally, Kodai Capital Management LP bought a new stake in Trane Technologies in the 4th quarter valued at about $77,615,000. 82.97% of the stock is owned by institutional investors and hedge funds.
Trane Technologies Stock Up 0.9 %
Shares of NYSE TT opened at $384.93 on Thursday. The stock has a market capitalization of $87.13 billion, a P/E ratio of 41.13, a PEG ratio of 2.45 and a beta of 1.01. The stock’s fifty day moving average is $344.77 and its 200 day moving average is $325.74. Trane Technologies has a 52 week low of $184.02 and a 52 week high of $387.71. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.84 and a current ratio of 1.17.
Trane Technologies (NYSE:TT – Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.08 by $0.22. Trane Technologies had a net margin of 12.33% and a return on equity of 33.97%. The firm had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.13 billion. During the same period last year, the firm earned $2.68 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Sell-side analysts forecast that Trane Technologies will post 10.87 earnings per share for the current fiscal year.
Trane Technologies Company Profile
Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.
Further Reading
- Five stocks we like better than Trane Technologies
- How to Read Stock Charts for Beginners
- Take Advantage of Village Farms Stock as Cannabis Market Evolves
- Investing in Travel Stocks Benefits
- MarketBeat Week in Review – 9/16 – 9/20
- Ride Out The Recession With These Dividend Kings
- Don’t Miss These 3 Retail Stocks for Fall Gains
Receive News & Ratings for Trane Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trane Technologies and related companies with MarketBeat.com's FREE daily email newsletter.