Trane Technologies (NYSE:TT) Now Covered by Analysts at JPMorgan Chase & Co.

Research analysts at JPMorgan Chase & Co. began coverage on shares of Trane Technologies (NYSE:TT) in a research report issued on Friday. The brokerage set an “overweight” rating and a $550.00 price target on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 15.26% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research note on Friday, July 31st. Sanford C. Bernstein raised their target price on Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Wall Street Zen cut Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Weiss Ratings raised Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. Finally, Wells Fargo & Company began coverage on shares of Trane Technologies in a report on Friday, September 25th. They set an “overweight” rating and a $536.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $536.50.

Trane Technologies Stock Performance

Shares of NYSE TT traded up $7.24 during mid-day trading on Friday, reaching $477.18. 34,424 shares of the company’s stock were exchanged, compared to its average volume of 1,366,100. The firm has a 50-day moving average price of $454.83 and a two-hundred day moving average price of $461.23. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. The firm has a market capitalization of $104.99 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. Trane Technologies has a 52 week low of $348.06 and a 52 week high of $505.87.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data 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 business 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 firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Analysts predict that Trane Technologies will post 15.3 EPS for the current year.

Insider Activity at Trane Technologies

In other news, CEO David Regnery sold 48,091 shares of Trane Technologies stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total value of $23,083,680.00. Following the completion of the transaction, the chief executive officer directly owned 96,951 shares in the company, valued at approximately $46,536,480. The trade was a 33.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

Institutional Trading of Trane Technologies

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Trane Technologies by 0.6% in the 4th quarter. State Street Corp now owns 10,113,123 shares of the company’s stock worth $3,936,034,000 after purchasing an additional 61,393 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Trane Technologies by 0.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,340,219 shares of the company’s stock valued at $910,813,000 after acquiring an additional 7,537 shares during the period. Amundi grew its stake in Trane Technologies by 47.8% during the first quarter. Amundi now owns 2,174,396 shares of the company’s stock valued at $906,158,000 after acquiring an additional 703,018 shares in the last quarter. Nuveen LLC increased its holdings in Trane Technologies by 1.7% during the 4th quarter. Nuveen LLC now owns 2,171,608 shares of the company’s stock worth $845,190,000 after acquiring an additional 36,655 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in Trane Technologies by 10.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,878,018 shares of the company’s stock worth $782,707,000 after purchasing an additional 180,537 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Company Profile

Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.

The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.