Trane Technologies (NYSE:TT) Stock Rating Upgraded by Melius

Trane Technologies (NYSE:TT) was upgraded by research analysts at Melius from a “hold” rating to a “buy” rating in a report issued on Wednesday, Marketbeat reports. The firm currently has a $490.00 price objective on the stock. Melius’ target price indicates a potential upside of 29.59% from the company’s current price.

A number of other research analysts also recently issued reports on TT. Royal Bank Of Canada boosted their price target on shares of Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Citigroup lifted their target price on shares of Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. upped their price target on shares of Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. KeyCorp upgraded Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a report on Monday, December 15th. Finally, Wells Fargo & Company dropped their price objective on Trane Technologies from $415.00 to $375.00 and set an “underweight” rating on the stock in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $474.60.

Trane Technologies Stock Up 0.4%

Shares of NYSE:TT opened at $378.12 on Wednesday. The firm has a market cap of $83.84 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.91 and a beta of 1.21. Trane Technologies has a 12-month low of $298.15 and a 12-month high of $476.18. The business has a fifty day simple moving average of $405.97 and a 200 day simple moving average of $419.38. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.47.

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

Insiders Place Their Bets

In related news, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,145,120. This represents a 7.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional Trading of Trane Technologies

Several institutional investors and hedge funds have recently modified their holdings of TT. Ethic Inc. boosted its holdings in shares of Trane Technologies by 6.6% during the 2nd quarter. Ethic Inc. now owns 26,836 shares of the company’s stock valued at $11,601,000 after acquiring an additional 1,672 shares during the last quarter. Triton Financial Group Inc bought a new position in Trane Technologies during the second quarter valued at approximately $1,273,000. OMNI 360 Wealth Inc. purchased a new stake in Trane Technologies in the second quarter worth approximately $345,000. Illinois Municipal Retirement Fund boosted its holdings in Trane Technologies by 2.7% in the second quarter. Illinois Municipal Retirement Fund now owns 28,083 shares of the company’s stock worth $12,284,000 after purchasing an additional 726 shares during the last quarter. Finally, Hibernia Wealth Partners LLC bought a new stake in Trane Technologies in the 2nd quarter worth approximately $266,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

More Trane Technologies News

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

• Positive Sentiment: Melius Research has stepped up its view on TT (recently raising coverage from Hold to Buy and then to Strong‑Buy, with a ~$490 price target), increasing buy‑side analyst enthusiasm. Melius/Zacks Upgrade
• Positive Sentiment: Analysts at Barclays remain constructive, keeping an Overweight rating and a $505 target (only marginally trimmed), implying significant upside from current levels — supports bullish investor sentiment. Barclays Price Target Note
• Positive Sentiment: Investor commentary highlighting Trane’s attractive returns and stable margin profile is adding to demand for the stock. Why We Like The Returns At Trane Technologies
• Neutral Sentiment: Management scheduled the Q4 2025 earnings call for Jan. 29 — a potential near‑term catalyst when results and any updated guidance are released. Earnings Call Notice
• Neutral Sentiment: Coverage remains mixed on brokerage desks: one summary shows an average “Hold” rating — this keeps a balanced view on upside vs. risk. Average Rating Summary
• Neutral Sentiment: Corporate culture/ESG PR (e.g., internal inclusion programs) is getting press — supportive for long‑term brand/employee retention but unlikely to move near‑term earnings. Building Belonging Program
• Negative Sentiment: Critical commentary argues macro/market headwinds (and broader sector rotation) could offset fundamentals — a bearish view that may pressure sentiment if momentum reverses. Bearish Analysis
• Negative Sentiment: UBS trimmed its price target (to $520) — still well above the current price but the cut signals some analyst caution on upside/timing. UBS Price Target Change

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.