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

Trane Technologies (NYSE:TT) posted its quarterly earnings results on Thursday. The company reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Up 0.6 %

NYSE TT traded up $2.15 on Thursday, reaching $366.15. The company had a trading volume of 1,466,648 shares, compared to its average volume of 1,473,245. The stock has a market capitalization of $82.39 billion, a P/E ratio of 33.94, a P/E/G ratio of 2.16 and a beta of 1.06. The company’s fifty day moving average is $391.62 and its 200 day moving average is $376.27. Trane Technologies has a 52-week low of $250.79 and a 52-week high of $422.00. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57.

Insider Activity

In other news, SVP Mairead Magner sold 4,329 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now directly owns 12,893 shares of the company’s stock, valued at $5,363,488. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TT. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target on the stock. in a report on Thursday, October 31st. UBS Group began coverage on Trane Technologies in a report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target on the stock. Wells Fargo & Company cut their price target on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Melius cut Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price target on the stock. in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on Trane Technologies from $390.00 to $387.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $417.81.

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.