Brokerages Set Trane Technologies plc (NYSE:TT) Price Target at $343.54

Shares of Trane Technologies plc (NYSE:TT) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $343.54.

TT has been the topic of a number of analyst reports. Robert W. Baird increased their price target on Trane Technologies from $360.00 to $365.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. UBS Group lifted their price target on shares of Trane Technologies from $330.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. Stephens reissued an “equal weight” rating and issued a $350.00 price objective on shares of Trane Technologies in a research report on Monday, August 5th. Wells Fargo & Company lifted their price objective on shares of Trane Technologies from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Finally, Barclays increased their target price on Trane Technologies from $385.00 to $394.00 and gave the company an “overweight” rating in a report on Thursday, August 1st.

Insider Buying and Selling

In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the sale, the executive vice president now owns 83,517 shares in the company, valued at $27,447,862.05. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO David S. Regnery sold 29,450 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the completion of the sale, the chief executive officer now owns 132,946 shares in the company, valued at $42,708,902.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Raymond D. Pittard sold 1,805 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the transaction, the executive vice president now owns 83,517 shares in the company, valued at approximately $27,447,862.05. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. boosted its holdings in shares of Trane Technologies by 1,495.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,436 shares of the company’s stock valued at $472,000 after acquiring an additional 1,346 shares in the last quarter. Heritage Wealth Management Inc. purchased a new stake in Trane Technologies in the 2nd quarter valued at approximately $249,000. Sanctuary Advisors LLC acquired a new position in Trane Technologies during the 2nd quarter worth approximately $7,687,000. Cetera Investment Advisers raised its stake in shares of Trane Technologies by 1.0% during the 2nd quarter. Cetera Investment Advisers now owns 53,873 shares of the company’s stock worth $17,721,000 after buying an additional 550 shares in the last quarter. Finally, SPC Financial Inc. lifted its holdings in shares of Trane Technologies by 75.5% in the 2nd quarter. SPC Financial Inc. now owns 1,223 shares of the company’s stock valued at $402,000 after buying an additional 526 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Trading Up 1.0 %

NYSE TT opened at $387.70 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.84 and a current ratio of 1.17. The firm has a market cap of $87.49 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 2.68 and a beta of 1.01. The firm has a 50 day simple moving average of $346.45 and a 200-day simple moving average of $327.42. Trane Technologies has a one year low of $184.02 and a one year high of $390.60.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.08 by $0.22. The business had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.13 billion. Trane Technologies had a net margin of 12.33% and a return on equity of 33.97%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.68 earnings per share. Equities research analysts anticipate that Trane Technologies will post 10.87 EPS 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.