Trane Technologies (NYSE:TT) Shares Gap Down After Analyst Downgrade

Shares of Trane Technologies plc (NYSE:TT) gapped down before the market opened on Tuesday after Barclays lowered their price target on the stock from $506.00 to $505.00. The stock had previously closed at $390.97, but opened at $367.12. Barclays currently has an overweight rating on the stock. Trane Technologies shares last traded at $362.7310, with a volume of 462,873 shares traded.

Several other equities analysts also recently issued reports on TT. JPMorgan Chase & Co. lifted their price target on shares of Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Melius raised Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 target price on the stock in a report on Wednesday. Citigroup upped their price target on Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $490.00 to $550.00 in a research report on Thursday, November 13th. Finally, UBS Group reduced their target price on Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a report on Monday. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $474.60.

Insider Buying and Selling at Trane Technologies

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

More Trane Technologies News

Here are the key news stories impacting Trane Technologies this week:

• Positive Sentiment: Melius upgraded TT from “hold” to “buy” and set a $490 price target (~30% above the current price), which supports upside expectations and can attract buyers. Melius Upgrade
• Neutral Sentiment: Broker consensus remains generally cautious: an aggregation of analyst ratings shows an average “hold,” indicating mixed conviction among firms and limited directional pressure from consensus views. Average Rating
• Neutral Sentiment: Barclays trimmed its price target slightly (from $506 to $505) but kept an “overweight” rating — a modest technical adjustment that still implies a large upside, so the move is unlikely to be a major negative driver on its own. Barclays Note
• Negative Sentiment: Reports are raising concerns that NVIDIA and other chip firms (and related shifts in cooling/electronics design) could disrupt traditional HVAC demand dynamics or competitive positioning, pressuring investor sentiment around TT’s growth/profitability outlook. These industry-disruption stories are cited as a reason for recent share weakness. Tokenist: Nvidia’s Rubin Chips
• Negative Sentiment: Articles directly asking whether NVIDIA is “disrupting HVAC” (and noting similar pressure on peers like Johnson Controls) have contributed to sector-level selling and headline risk, which can amplify short-term declines even as fundamentals remain intact. Yahoo: Nvidia & HVAC
• Negative Sentiment: Seeking Alpha published a bearish analysis arguing that broader negative tendencies (and the Nvidia-related narrative) outweigh TT’s strengths, which can influence retail and short-term institutional flows. Seeking Alpha Bearish Take
• Negative Sentiment: UBS cut its price target to $520 — still above current levels but a downward revision that can temper upside expectations and contribute to near-term selling. UBS Price Target
• Neutral Sentiment: Non-market corporate news (e.g., Trane’s Hidden Disability Sunflower Program) is positive for ESG/stakeholder perception but unlikely to move the stock materially in the short term. Sunflower Program

Institutional Trading of Trane Technologies

A number of institutional investors and hedge funds have recently modified their holdings of TT. NorthRock Partners LLC boosted its stake in Trane Technologies by 1.2% in the second quarter. NorthRock Partners LLC now owns 2,052 shares of the company’s stock valued at $898,000 after acquiring an additional 24 shares during the last quarter. King Luther Capital Management Corp raised its holdings in shares of Trane Technologies by 1.3% in the 2nd quarter. King Luther Capital Management Corp now owns 1,942 shares of the company’s stock worth $849,000 after purchasing an additional 24 shares during the period. Old Port Advisors lifted its stake in Trane Technologies by 3.2% in the third quarter. Old Port Advisors now owns 778 shares of the company’s stock valued at $328,000 after purchasing an additional 24 shares during the last quarter. OneAscent Wealth Management LLC grew its holdings in Trane Technologies by 1.5% during the third quarter. OneAscent Wealth Management LLC now owns 1,627 shares of the company’s stock valued at $686,000 after purchasing an additional 24 shares during the period. Finally, Bridgewater Advisors Inc. increased its position in Trane Technologies by 3.7% in the third quarter. Bridgewater Advisors Inc. now owns 670 shares of the company’s stock worth $285,000 after buying an additional 24 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84. The company has a 50 day simple moving average of $407.35 and a 200-day simple moving average of $419.67. The stock has a market capitalization of $83.44 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21.

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

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.