Sanford C. Bernstein Issues Positive Forecast for Trane Technologies (NYSE:TT) Stock Price

Trane Technologies (NYSE:TT) had its price target increased by Sanford C. Bernstein from $555.00 to $575.00 in a report issued on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other brokerages also recently commented on TT. JPMorgan Chase & Co. raised their target price on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. KeyCorp upped their price target on shares of Trane Technologies from $525.00 to $555.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Royal Bank Of Canada cut their price objective on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Citigroup reduced their price objective on Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, Barclays upped their target price on Trane Technologies from $507.00 to $585.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Trane Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $521.50.

Trane Technologies Stock Performance

NYSE TT opened at $479.87 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. Trane Technologies has a 1-year low of $348.06 and a 1-year high of $505.87. The firm has a market capitalization of $105.58 billion, a P/E ratio of 36.35, a P/E/G ratio of 2.09 and a beta of 1.19. The business’s 50-day simple moving average is $475.14 and its 200-day simple moving average is $458.85.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities analysts predict that Trane Technologies will post 15.31 EPS for the current year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 4th. Trane Technologies’s payout ratio is 31.82%.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 43,778 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the transaction, the chief executive officer directly owned 96,950 shares in the company, valued at $46,051,250. This represents a 31.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trane Technologies

Institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in shares of Trane Technologies by 64.0% during the 4th quarter. Farther Finance Advisors LLC now owns 7,478 shares of the company’s stock valued at $2,911,000 after acquiring an additional 2,917 shares in the last quarter. Horizon Investments LLC boosted its holdings in Trane Technologies by 115.4% in the fourth quarter. Horizon Investments LLC now owns 30,560 shares of the company’s stock worth $11,894,000 after purchasing an additional 16,370 shares during the period. FSA Advisors Inc. bought a new stake in Trane Technologies during the fourth quarter valued at $6,588,000. SEB Asset Management AB acquired a new stake in shares of Trane Technologies during the first quarter worth $47,195,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Trane Technologies by 54.4% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,153 shares of the company’s stock worth $41,321,000 after buying an additional 34,930 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

About Trane Technologies

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.