Trane Technologies (NYSE:TT) PT Raised to $326.00 at The Goldman Sachs Group

Trane Technologies (NYSE:TT) had its price objective increased by analysts at The Goldman Sachs Group from $287.00 to $326.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 2.90% from the stock’s current price.

A number of other research firms have also weighed in on TT. Stephens upped their target price on shares of Trane Technologies from $310.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Robert W. Baird increased their price objective on shares of Trane Technologies from $315.00 to $344.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays lifted their price objective on shares of Trane Technologies from $286.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Mizuho increased their target price on Trane Technologies from $280.00 to $325.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Royal Bank of Canada lifted their price target on Trane Technologies from $231.00 to $246.00 and gave the stock a “sector perform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $300.54.

Trane Technologies Price Performance

Trane Technologies stock opened at $316.80 on Wednesday. The company’s 50 day moving average is $295.08 and its two-hundred day moving average is $257.16. The firm has a market cap of $71.78 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.61 and a beta of 1.01. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. Trane Technologies has a 52-week low of $162.04 and a 52-week high of $327.09.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the firm earned $1.41 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, research analysts expect that Trane Technologies will post 10.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Trane Technologies news, CFO Christopher J. Kuehn sold 3,762 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total value of $1,077,737.76. Following the completion of the sale, the chief financial officer now owns 61,691 shares in the company, valued at $17,673,237.68. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Trane Technologies news, CFO Christopher J. Kuehn sold 3,762 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $286.48, for a total transaction of $1,077,737.76. Following the transaction, the chief financial officer now directly owns 61,691 shares of the company’s stock, valued at approximately $17,673,237.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Regnery sold 6,990 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $286.19, for a total transaction of $2,000,468.10. Following the completion of the sale, the chief executive officer now directly owns 113,874 shares of the company’s stock, valued at $32,589,600.06. The disclosure for this sale can be found here. Insiders have sold 28,237 shares of company stock worth $8,024,534 in the last quarter. 0.39% of the stock is owned by insiders.

Institutional Trading of Trane Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. GoalVest Advisory LLC raised its stake in shares of Trane Technologies by 157.1% during the first quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after purchasing an additional 55 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in Trane Technologies in the 1st quarter valued at $27,000. BOK Financial Private Wealth Inc. purchased a new position in Trane Technologies during the 1st quarter worth $30,000. BKM Wealth Management LLC acquired a new stake in shares of Trane Technologies in the 4th quarter worth $25,000. Finally, Sachetta LLC purchased a new stake in shares of Trane Technologies in the fourth quarter valued at about $27,000. 82.97% of the stock is owned by institutional investors and hedge funds.

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.