Trane Technologies (NYSE:TT) Releases Earnings Results

Trane Technologies (NYSE:TT) announced its quarterly earnings results on Thursday. The company reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.09, Zacks reports. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. Trane Technologies updated its FY 2025 guidance to 12.700-12.900 EPS.

Trane Technologies Stock Up 0.0 %

NYSE:TT traded up $0.16 on Thursday, reaching $364.16. 1,375,612 shares of the stock traded hands, compared to its average volume of 1,464,666. The company’s fifty day simple moving average is $391.62 and its 200 day simple moving average is $376.27. The company has a market capitalization of $81.94 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.16 and a beta of 1.06. Trane Technologies has a 12 month low of $250.79 and a 12 month high of $422.00. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.57.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Melius Research reissued a “hold” rating and set a $398.00 target price on shares of Trane Technologies in a research report on Tuesday. Mizuho raised their target price on Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Citigroup dropped their price target on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company reduced their target price on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Finally, Barclays boosted their price target on shares of Trane Technologies from $440.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Trane Technologies has a consensus rating of “Hold” and a consensus target price of $417.81.

Insider Buying and Selling

In related news, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total value of $1,800,864.00. Following the transaction, the senior vice president now owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.38% of the stock is owned by company insiders.

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.