Trane Technologies (NYSE:TT) PT Raised to $287.00

Trane Technologies (NYSE:TTGet Free Report) had its target price upped by The Goldman Sachs Group from $253.00 to $287.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 5.99% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Citigroup raised their price target on shares of Trane Technologies from $246.00 to $269.00 and gave the company a “buy” rating in a report on Monday, December 11th. Royal Bank of Canada lifted their price objective on shares of Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a report on Friday. Wells Fargo & Company lifted their price objective on shares of Trane Technologies from $200.00 to $246.00 and gave the stock an “underweight” rating in a report on Tuesday, December 19th. Finally, Barclays lifted their price objective on shares of Trane Technologies from $222.00 to $226.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $223.27.

View Our Latest Stock Analysis on Trane Technologies

Trane Technologies Stock Performance

Shares of TT stock traded down $6.00 during trading hours on Monday, hitting $270.78. 197,077 shares of the company were exchanged, compared to its average volume of 1,102,772. The firm has a fifty day simple moving average of $242.55 and a 200 day simple moving average of $218.20. The company has a current ratio of 1.13, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57. Trane Technologies has a 52-week low of $162.04 and a 52-week high of $278.81. The stock has a market capitalization of $61.62 billion, a price-to-earnings ratio of 30.81, a P/E/G ratio of 2.05 and a beta of 1.03.

Trane Technologies (NYSE:TTGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.04. Trane Technologies had a net margin of 11.45% and a return on equity of 32.01%. The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same period in the previous year, the business earned $1.82 EPS. Trane Technologies’s revenue was up 8.6% compared to the same quarter last year. Research analysts predict that Trane Technologies will post 10.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO David S. Regnery sold 17,585 shares of the business’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $220.00, for a total transaction of $3,868,700.00. Following the sale, the chief executive officer now owns 93,081 shares of the company’s stock, valued at $20,477,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BKM Wealth Management LLC bought a new position in Trane Technologies during the fourth quarter valued at approximately $25,000. Venturi Wealth Management LLC increased its stake in shares of Trane Technologies by 139.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the company’s stock worth $31,000 after purchasing an additional 88 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of Trane Technologies by 453.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 155 shares of the company’s stock worth $30,000 after purchasing an additional 127 shares in the last quarter. Live Oak Investment Partners purchased a new stake in shares of Trane Technologies in the 4th quarter worth $30,000. Finally, Avior Wealth Management LLC increased its stake in shares of Trane Technologies by 58.0% in the 3rd quarter. Avior Wealth Management LLC now owns 177 shares of the company’s stock worth $36,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 80.66% of the company’s stock.

Trane Technologies Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Trane Technologies (NYSE:TT)

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