Trane Technologies (NYSE:TT) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Trane Technologies (NYSE:TT) announced its quarterly earnings results on Thursday. The company reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.09, Zacks reports. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. Trane Technologies updated its FY 2025 guidance to 12.700-12.900 EPS.

Trane Technologies Stock Performance

TT stock traded up $2.15 during midday trading on Thursday, reaching $366.15. 1,466,648 shares of the company were exchanged, compared to its average volume of 1,473,245. The business has a 50-day moving average price of $391.62 and a two-hundred day moving average price of $376.27. The firm has a market capitalization of $82.39 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. Trane Technologies has a one year low of $250.79 and a one year high of $422.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TT shares. The Goldman Sachs Group boosted their target price on shares of Trane Technologies from $364.00 to $407.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Robert W. Baird cut their target price on shares of Trane Technologies from $408.00 to $404.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Melius lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 target price for the company. in a research report on Tuesday. Mizuho boosted their target price on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Citigroup cut their target price on shares of Trane Technologies from $478.00 to $476.00 and set a “buy” rating for the company in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $417.81.

Insider Activity

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total transaction of $1,800,864.00. Following the completion of the transaction, the senior vice president now owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. The trade was a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by company insiders.

About Trane Technologies

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.