Barclays Raises Trane Technologies (NYSE:TT) Price Target to $190.00 | Rare Techy
Trane Technology (NYSE:TT – Get Ratings) equities researchers at Barclays raised their price target on the stock from $170.00 to $190.00 in a research report issued to clients and investors on Thursday, The Fly reports. Barclays’ price target would suggest a potential upside of 6.49% from the company’s current price.
A number of other research analysts have also issued reports on the company. Argus lifted their price objective on Trane Technologies from $170.00 to $185.00 in a report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft lifted their price target on Trane Technologies from $151.00 to $155.00 and gave the company a “hold” rating in a research note on Thursday, October 13th. BMO Capital Markets upped their target price on Trane Technologies from $155.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, August 15th. Wells Fargo & Company lifted their target price on Trane Technologies from $123.00 to $133.00 and gave the company an “underperform” rating in a research note on Thursday, August 4th. Finally, Royal Bank of Canada raised their target price on Trane Technologies from $155.00 to $162.00 and gave the company a “sector perform” rating in a research note on Thursday, November 3rd. . Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a target price of $171.76.
Trane Technologies Increases 2.0%
TT opened at $178.42 on Thursday. Trane Technologies has a 1-year low of $120.64 and a 1-year high of $204.23. The company currently has a ratio of 1.14, a quick ratio of 0.78 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $41.09 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 2.07 and a beta of 1.00. The business has a 50-day moving average of $159.05 and a 200-day moving average of $148.66.
Trane Technologies (NYSE:TT – Get Rating) posted its earnings results on Wednesday, November 2nd. The company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.12 by $0.15. The firm had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.16 billion. Trane Technologies has a dividend yield of 27.32% and a dividend yield of 10.56%. As a group, sell-side analysts forecast that Trane Technologies will post 7.17 earnings per share for the current year.
Buying and Selling in Trane Technologies
In other Trane Technologies news, CEO David S. Regnery sold 14,651 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The items were sold at an average price of $179.00, for a total of $2,622,529.00. After the sale, the chief executive officer now owns 95,751 shares in the company, valued at $17,139,429. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Trane Technologies news, SVP Mairead Magner sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $160.00, for a total transaction of $160,000.00. Following the transaction, the senior vice president now owns 11,079 shares of the company’s stock, valued at approximately $1,772,640. The transaction was disclosed in a regulatory filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Regnery sold 14,651 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The items were sold at an average price of $179.00, for a total of $2,622,529.00. Following the transaction, the chief executive officer now owns 95,751 shares of the company’s stock, valued at approximately $17,139,429. The presentation for this sale can be found here. Over the last quarter, insiders have purchased 16,651 shares of company stock valued at $2,947,529. Company insiders own 0.74% of the company’s stock.
Outputs and Outputs
Only recently have corporate investors changed their positions in the industry. Clear Street Markets LLC grew its holdings in Trane Technologies by 409.4% in the second quarter. Clear Street Markets LLC now owns 489 shares of the company’s stock valued at $64,000 after buying an additional 393 shares in the last quarter. Corient Capital Partners LLC lifted its position in shares of Trane Technologies by 7.2% in the second quarter. Corient Capital Partners LLC now owns 3,525 shares of the company’s stock valued at $458,000 after acquiring an additional 236 shares during the period. CWM LLC lifted its position in shares of Trane Technologies by 12.3% in the second quarter. CWM LLC now owns 3,385 shares of the company’s stock valued at $440,000 after acquiring an additional 371 shares during the period. CX Institutional lifted its position in shares of Trane Technologies by 3.8% in the first quarter. CX Institutional now owns 2,573 shares of the company’s stock valued at $393,000 after acquiring an additional 95 shares during the period. Finally, Charter Oak Capital Management LLC bought a new stake in shares of Trane Technologies in the second quarter valued at $91,000. 80.25% of the stock is owned by investors and hedge funds.
About Trane Technologies
Trane Technologies plc, and its subsidiaries, engages in the design, manufacture, sale, and service of solutions for heating, cooling, ventilation, and vehicle heating. It supplies air conditioners, switches, and carriers; aircraft equipment and terminal equipment; auxiliary power units; chillers; cylinders and condensers; gensets; oven; heat pump; automatic products at home; watering; refrigeration for hybrid and non-diesel vehicles, and frozen energy storage solutions; indoor air quality assessments and related products; great and clear trading results; replacement car; cooling products; explanation/authority; portable heating products; different rerigerant flow products; and pool heat pumps.
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