Brokerages Set Trane Technologies plc (NYSE:TT) PT at $420.64

Trane Technologies plc (NYSE:TT) has earned a consensus rating of “Hold” from the seventeen analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $417.81.

Several research analysts recently commented on TT shares. UBS Group started coverage on Trane Technologies in a research note on Wednesday, November 13th. They set a “buy” rating and a $500.00 target price for the company. Northcoast Research started coverage on Trane Technologies in a research note on Friday, November 22nd. They set a “buy” rating and a $500.00 target price for the company. Melius Research reissued a “hold” rating and set a $398.00 target price on shares of Trane Technologies in a research note on Tuesday. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group upped their price objective on Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th.

Insider Activity

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the completion of the sale, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at $5,363,488. This represents a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.

Institutional Trading of Trane Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TT. Global Wealth Strategies & Associates purchased a new stake in Trane Technologies during the 4th quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. purchased a new stake in Trane Technologies during the 3rd quarter valued at approximately $27,000. DT Investment Partners LLC purchased a new stake in Trane Technologies during the 3rd quarter valued at approximately $36,000. Sound Income Strategies LLC raised its stake in Trane Technologies by 1,314.3% during the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock valued at $37,000 after acquiring an additional 92 shares during the last quarter. Finally, Quarry LP purchased a new stake in Trane Technologies during the 2nd quarter valued at approximately $39,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Trading Down 0.6 %

Shares of NYSE TT opened at $365.41 on Wednesday. Trane Technologies has a twelve month low of $250.77 and a twelve 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. The stock has a fifty day simple moving average of $393.50 and a 200-day simple moving average of $376.20. The stock has a market capitalization of $82.23 billion, a PE ratio of 33.90, a PEG ratio of 2.16 and a beta of 1.06.

Trane Technologies (NYSE:TT) last released its earnings results on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping the consensus estimate of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the previous year, the firm posted $2.79 EPS. Trane Technologies’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities analysts forecast that Trane Technologies will post 11.16 earnings per share for the current year.

About Trane Technologies

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.