UBS Group Lowers Trane Technologies (NYSE:TT) Price Target to $520.00

Trane Technologies (NYSE:TT) had its price target dropped by stock analysts at UBS Group from $544.00 to $520.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 36.47% from the stock’s previous close.

TT has been the subject of several other reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research report on Wednesday, October 8th. Barclays increased their price objective on shares of Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. lifted their target price on shares of Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. KeyCorp raised Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a report on Monday, December 15th. Finally, Citigroup lifted their target price on shares of Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $467.80.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $381.05 on Monday. The firm has a market cap of $84.49 billion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 1.98 and a beta of 1.21. The business has a fifty day simple moving average of $408.35 and a 200 day simple moving average of $419.98. Trane Technologies has a 1 year low of $298.15 and a 1 year high of $476.18. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the prior year, the company posted $3.37 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, sell-side analysts predict that Trane Technologies will post 12.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the sale, the chief accounting officer owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. The trade was a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

Institutional Trading of Trane Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TT. Icon Advisers Inc. Co. acquired a new stake in shares of Trane Technologies in the second quarter valued at approximately $26,000. Financial Consulate Inc. acquired a new position in shares of Trane Technologies in the 3rd quarter valued at approximately $25,000. Ameriflex Group Inc. acquired a new position in Trane Technologies during the second quarter valued at approximately $28,000. Hantz Financial Services Inc. boosted its stake in Trane Technologies by 1,016.7% in the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after buying an additional 61 shares in the last quarter. Finally, United Community Bank grew its holdings in shares of Trane Technologies by 134.4% during the 3rd quarter. United Community Bank now owns 75 shares of the company’s stock valued at $32,000 after purchasing an additional 43 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Trane Technologies Company Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.