According to The Fly, stock analysts at Mizuho raised their price objective for Trane Technologies (NYSE: TT) on Friday, moving it from $155.00 to $175.00. The previous price objective was $155.00. The findings of the analysis were compiled into a research report distributed to clients and potential investors. According to the price objective that Mizuho established, there is a possibility that the stock’s most recent closing price will experience a decline of 2.98% shortly.
In recent conversations, a few other brokerages have brought up TT as a topic. Goldman Sachs Group upgraded Trane Technologies from a “neutral” rating to an “overweight” rating. It increased its price objective on the stock from $151.00 to $168.00 in research released on Thursday, November 3. Trane Technologies was upgraded by Deutsche Bank Aktiengesellschaft from a rating of “hold” to a rating of “buy” in a research report published on Thursday, October 13. Additionally, Deutsche Bank Aktiengesellschaft raised its price objective on the stock from $151.00 to $155.00. Following the release of a research report on Friday, December 9, Citigroup raised its price objective for Trane Technologies’ stock from $185.00 to $204.00. This increase came from the fact that the price objective had previously been set at $185.00. In a report published on November 3, the Royal Bank of Canada upgraded Trane Technologies to a “sector performed” rating and increased their price objective on the stock from $155.00 to $162.00.
Additionally, they raised their price target on the stock from $155.00 to $162.00. You can access the Royal Bank of Canada report through this link. Last but not least, in a research report made public on Friday, January 6, Morgan Stanley stated that they have raised their price objective on Trane Technologies stock from $183.00 to $193.00 and that they currently have an “overweight” rating on the stock. The report was made public by the investment firm. Seven research professionals have recommended that the company’s stock be purchased; six research professionals have suggested that the company’s stock be held; and three research professionals have suggested that the company’s stock be sold. The information discovered on Bloomberg.com indicates that the stock is currently given the recommendation of “Hold,” and analysts have set an average price objective of $175.00 for the stock.
TT began trading for the first time on Friday, and the share price was $180.37 on that first day. The debt-to-equity ratio is calculated to be 0.65; the current ratio is calculated to be 1.14; the quick ratio is calculated to be 0.78, and so on. A price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 2.07, and a beta value of 1.02 are all characteristics of the stock in question. The total amount the company currently values on the market is $41.54 billion. The company has seen a simple moving average of $174.00 over the past 50 days, and the company has seen a simple moving average of $157.65 over the past 200 days. During the previous year, the price of Trane Technologies fluctuated between $120.64 and $197.09, reaching a low of $120.64 and a high of $197.09.
On November 2, the most recent quarterly earnings report for Trane Technologies (NYSE: TT) was made public for the investing community to view. The company’s quarterly earnings per share came in at $2.27, which was $0.15 more than the consensus projection from analysts, which was $2.12 per share. In other words, the company outperformed expectations by $0.15. In their financial statements, Trane Technologies indicated that they had achieved a return on equity of 27.32% and a net margin of 10.56%. The company’s quarterly revenue of $4.37 billion far surpassed analysts’ projections of $4.16 billion in sales for the period in question, which indicates that the company is performing exceptionally well. Profits per share for Trane Technologies are expected to come in at 7.17 dollars this year, according to projections made by industry analysts.
Other noteworthy events occurred on January 3, including the sale of 23,003 shares of company stock by Executive Vice President Raymond D. Pittard. As a result of the sale of the shares at an average price of $170.42 per share, the total dollar volume of the transaction came to $3,920,171.26. The executive vice president now owns 87,718 shares of the company’s stock as a direct result of the transaction that took place earlier. These shares have a value of approximately $14,948,901.56 each, based on the underlying stock’s current price. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. Other noteworthy events occurred on January 3, including the sale of 23,003 shares of company stock by Executive Vice President Raymond D. Pittard. As a result of the sale of the shares at an average price of $170.42 per share, the total dollar volume of the transaction came to $3,920,171.26. The executive vice president now owns 87,718 shares of the company’s stock as a direct result of the transaction that took place earlier. These shares have a value of approximately $14,948,901.56 each, based on the underlying stock’s current price. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. In addition, Senior Vice President Mairead Magner sold one thousand of the company’s shares of stock on Friday, October 28. It was decided that the price of each share would be $160.00, which resulted in the total price of the shares being sold being $160,000.00. The company’s senior vice president now has direct ownership of 11,079 shares of the company’s stock, which together have a value of $1,772,640 as a result of the transaction. The disclosure about the purchase can be found in this particular location. Over the past three months, company insiders have sold 39,654 shares with a combined value of $6,867,700 to realize a profit. People hold a total of 0.74% of shares with inside knowledge of the company.
There has recently been a lot of activity in the market from hedge funds and other institutional investors. They have been buying and selling shares of the company. The amount of $178,000 was invested in Trane Technologies by Acadian Asset Management LLC, a new investor in the company. During the first three months of the year, this investment was made. Blair William & Co. IL increased its Trane Technologies stock ownership by three point zero percent during the year’s first three months. After purchasing 495 additional shares throughout the period, Blair William & Co., IL, now directly owns 16,727 shares of the company’s stock, which has an estimated value of $2,554,000. These shares were acquired during the period. Sequoia Financial Advisors LLC made a new investment in Trane Technologies with a total value of $219,000. This investment was made during the first three months of the year. During the first quarter, The Vanguard Group Inc. increased the amount of Trane Technologies stock owned by 0.4%, bringing its total ownership to 100%. Vanguard Group Inc. has increased its total number of shares to 18,133,851 due to 77,924 new purchases since the beginning of this period. The current market value of the company’s shares is $2,769,040,000. And finally, during the first three months of this year, Mackenzie Financial Corporation increased the proportion of Trane Technologies stock owned by an additional 3.8%. Mackenzie Financial Corp. now has a total of 956,177 shares of the company’s stock following the purchase of an additional 34,591 shares during the period in question. These shares are currently valued at a combined total of $146,008,000. Institutions own the equity of the company to the tune of 81.47%.
Trane Technologies plc and its affiliates are in charge of the design, production, sale, and maintenance of the numerous solutions they offer for heating, ventilation, air conditioning, and transport refrigeration. In addition to air conditioners, handlers, and exchangers, it offers auxiliary power units, airside and terminal devices, chillers, coils, condensers; generator sets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transportation refrigeration; and ice energy storage solutions. In addition, it offers inspections of the indoor air quality and the products that go along with them. In addition, it also offers large and light commercial unitary products, motor replacements, refrigerant reclamation products, and thermostats and controls.