Trane Technologies (NYSE:TT) Stock Price Breaks Above Two Hundred Day Moving Average – Time to Sell?

Trane Technologies plc (NYSE:TT) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $452.46 and traded as high as $458.12. Trane Technologies shares last traded at $455.4430, with a volume of 1,103,107 shares.

Analysts Set New Price Targets

Several research firms recently weighed in on TT. Wells Fargo & Company started coverage on Trane Technologies in a report on Friday, September 25th. They set an “overweight” rating and a $536.00 price target for the company. Citigroup decreased their price objective on Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Robert W. Baird increased their price objective on Trane Technologies from $515.00 to $532.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group raised Trane Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $548.00 to $565.00 in a report on Wednesday, October 14th. Finally, BNP Paribas Exane boosted their target price on shares of Trane Technologies from $560.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Trane Technologies has a consensus rating of “Moderate Buy” and an average price target of $539.42.

Trane Technologies Trading Down 2.6%

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. The company has a market capitalization of $98.84 billion, a price-to-earnings ratio of 34.03, a P/E/G ratio of 2.08 and a beta of 1.15. The business’s 50-day moving average price is $451.88 and its two-hundred day moving average price is $453.61.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the previous year, the company posted $3.88 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Research analysts predict that Trane Technologies plc will post 15.32 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 4th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, December 4th. Trane Technologies’s payout ratio is 31.82%.

Insiders Place Their Bets

In other Trane Technologies news, CEO David Regnery sold 48,091 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total value of $23,083,680.00. Following the transaction, the chief executive officer directly owned 96,951 shares of the company’s stock, valued at $46,536,480. This trade represents a 33.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Trane Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amundi boosted its position in shares of Trane Technologies by 47.8% during the 1st quarter. Amundi now owns 2,174,396 shares of the company’s stock worth $906,158,000 after acquiring an additional 703,018 shares in the last quarter. Janus Henderson Group PLC raised its position in Trane Technologies by 10.6% during the first quarter. Janus Henderson Group PLC now owns 1,878,018 shares of the company’s stock valued at $782,707,000 after purchasing an additional 180,537 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Trane Technologies by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,035,241 shares of the company’s stock valued at $431,347,000 after purchasing an additional 32,286 shares in the last quarter. Ninety One UK Ltd lifted its stake in Trane Technologies by 0.4% during the third quarter. Ninety One UK Ltd now owns 926,668 shares of the company’s stock worth $418,835,000 after purchasing an additional 3,624 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Trane Technologies by 51.9% during the first quarter. California Public Employees Retirement System now owns 686,691 shares of the company’s stock worth $286,172,000 after purchasing an additional 234,666 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

About Trane Technologies

Trane Technologies plc is a global climate technology company that develops solutions for heating, ventilation, air conditioning, refrigeration and building management. Its products and services are designed to improve indoor comfort, energy efficiency and the sustainability of commercial, industrial, residential and institutional buildings.

The company operates through well-known brands including Trane, Thermo King and Frigoblock. Trane provides HVAC equipment, building controls, digital solutions, maintenance and energy services, while Thermo King and Frigoblock offer temperature-control systems for refrigerated transportation.