Trane Technologies (NYSE:TT) Price Target Raised to $396.00

Trane Technologies (NYSE:TT) had its price objective upped by JPMorgan Chase & Co. from $387.00 to $396.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

TT has been the topic of a number of other reports. Citigroup cut their price target on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company decreased their target price on shares of Trane Technologies from $380.00 to $360.00 and set an “underweight” rating for the company in a research note on Friday. Northcoast Research assumed coverage on Trane Technologies in a report on Friday, November 22nd. They set a “buy” rating and a $500.00 price target for the company. Melius downgraded Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target for the company. in a research note on Tuesday, January 28th. Finally, Robert W. Baird lowered their target price on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $415.25.

Trane Technologies Stock Down 1.1 %

Shares of TT stock opened at $362.47 on Friday. The stock’s 50 day simple moving average is $389.53 and its 200 day simple moving average is $376.56. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. Trane Technologies has a twelve month low of $250.79 and a twelve month high of $422.00. The company has a market capitalization of $81.56 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 1.96 and a beta of 1.06.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. As a group, research analysts predict that Trane Technologies will post 11.16 EPS for the current year.

Insider Activity at Trane Technologies

In other news, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the transaction, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This trade represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.38% of the stock is currently owned by corporate insiders.

Institutional Trading of Trane Technologies

Several large investors have recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. purchased a new stake in shares of Trane Technologies during the third quarter worth about $27,000. Global Wealth Strategies & Associates acquired a new stake in shares of Trane Technologies in the fourth quarter valued at $26,000. DT Investment Partners LLC purchased a new stake in Trane Technologies during the 3rd quarter worth approximately $36,000. Sound Income Strategies LLC raised its position in Trane Technologies by 1,314.3% in the 4th quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock valued at $37,000 after purchasing an additional 92 shares in the last quarter. Finally, Pittenger & Anderson Inc. purchased a new stake in shares of Trane Technologies during the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.