Trane Technologies (NYSE:TT) Price Target Raised to $400.00 at Mizuho

Trane Technologies (NYSE:TT) had its target price boosted by equities research analysts at Mizuho from $325.00 to $400.00 in a report released on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective would suggest a potential upside of 0.25% from the stock’s current price.

TT has been the topic of a number of other research reports. Royal Bank of Canada increased their price target on Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Stephens reaffirmed an “equal weight” rating and set a $350.00 target price on shares of Trane Technologies in a report on Monday, August 5th. The Goldman Sachs Group increased their price target on shares of Trane Technologies from $364.00 to $407.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Morgan Stanley started coverage on Trane Technologies in a report on Friday, September 6th. They set an “overweight” rating and a $425.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on Trane Technologies from $320.00 to $360.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Trane Technologies currently has a consensus rating of “Hold” and an average target price of $373.58.

Trane Technologies Stock Up 1.0 %

NYSE:TT opened at $399.00 on Thursday. The firm has a market capitalization of $90.31 billion, a price-to-earnings ratio of 42.24, a price-to-earnings-growth ratio of 2.75 and a beta of 1.01. The company has a quick ratio of 0.84, a current ratio of 1.17 and a debt-to-equity ratio of 0.62. Trane Technologies has a twelve month low of $184.02 and a twelve month high of $406.96. The stock’s 50 day moving average price is $366.53 and its two-hundred day moving average price is $338.04.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $3.30 earnings per share (EPS) for the quarter, topping 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 in the prior year, the firm posted $2.68 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities research analysts expect that Trane Technologies will post 10.88 earnings per share for the current fiscal year.

Insider Activity at Trane Technologies

In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total transaction of $593,213.25. Following the sale, the executive vice president now directly owns 83,517 shares in the company, valued at $27,447,862.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO David S. Regnery sold 29,450 shares of Trane Technologies stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total value of $9,460,812.50. Following the transaction, the chief executive officer now owns 132,946 shares in the company, valued at approximately $42,708,902.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Raymond D. Pittard sold 1,805 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 83,517 shares of the company’s stock, valued at $27,447,862.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nomura Holdings Inc. acquired a new stake in Trane Technologies in the fourth quarter valued at approximately $1,120,000. CWM LLC increased its holdings in Trane Technologies by 4.3% in the 1st quarter. CWM LLC now owns 5,786 shares of the company’s stock worth $1,737,000 after purchasing an additional 240 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in Trane Technologies by 7.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 602 shares of the company’s stock valued at $181,000 after purchasing an additional 44 shares during the last quarter. Perpetual Ltd acquired a new position in shares of Trane Technologies in the first quarter valued at approximately $223,000. Finally, Fulton Bank N.A. raised its holdings in Trane Technologies by 11.9% in the 1st quarter. Fulton Bank N.A. now owns 3,118 shares of the company’s stock valued at $936,000 after buying an additional 332 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

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.