Trane Technologies plc (NYSE:TT) Receives Consensus Rating of "Hold" from Brokerages – MarketBeat
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Trane Technologies plc (NYSE:TT – Get Rating) has earned a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $171.50.
A number of equities research analysts have commented on TT shares. The Goldman Sachs Group lifted their target price on shares of Trane Technologies from $132.00 to $151.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Morgan Stanley boosted their price target on shares of Trane Technologies from $166.00 to $168.00 and gave the stock an “overweight” rating in a research note on Thursday, September 1st. BMO Capital Markets boosted their target price on shares of Trane Technologies from $155.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, August 15th. Cowen upgraded shares of Trane Technologies from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a report on Friday, July 8th. Finally, Wells Fargo & Company upped their price target on shares of Trane Technologies from $123.00 to $133.00 and gave the company an “underweight” rating in a report on Thursday, August 4th.
Institutional Investors Weigh In On Trane Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Crewe Advisors LLC increased its stake in Trane Technologies by 83.9% during the 2nd quarter. Crewe Advisors LLC now owns 206 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares in the last quarter. Herold Advisors Inc. acquired a new position in Trane Technologies during the 1st quarter valued at approximately $31,000. Heritage Wealth Management LLC acquired a new position in Trane Technologies during the 2nd quarter valued at approximately $31,000. Riverview Trust Co acquired a new position in Trane Technologies during the 1st quarter valued at approximately $32,000. Finally, 1832 Asset Management L.P. acquired a new position in Trane Technologies during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 80.25% of the company’s stock.
Trane Technologies Stock Down 0.0 %
TT opened at $147.58 on Friday. The stock has a market cap of $34.20 billion, a PE ratio of 23.58, a P/E/G ratio of 1.80 and a beta of 1.01. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.66. Trane Technologies has a 52 week low of $120.64 and a 52 week high of $204.23. The business’s fifty day simple moving average is $153.72 and its 200 day simple moving average is $145.02.
Trane Technologies (NYSE:TT – Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.06. Trane Technologies had a return on equity of 25.03% and a net margin of 10.06%. The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the firm earned $1.92 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts expect that Trane Technologies will post 7.1 earnings per share for the current fiscal year.
About Trane Technologies
(Get Rating)
Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.
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