Trane Technologies (NYSE:TT) Updates FY 2025 Earnings Guidance

Trane Technologies (NYSE:TT - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 12.700-12.900 for the period, compared to the consensus earnings per share estimate of 12.670. The company issued revenue guidance of $21.1 billion-$21.3 billion, compared to the consensus revenue estimate of $21.1 billion.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. The Goldman Sachs Group boosted their target price on Trane Technologies from $364.00 to $407.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price target on Trane Technologies from $390.00 to $387.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. HSBC cut Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 price objective on the stock. in a research note on Thursday, October 31st. Melius Research restated a "hold" rating and set a $398.00 target price on shares of Trane Technologies in a report on Tuesday. Finally, Northcoast Research assumed coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They issued a "buy" rating and a $500.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $417.81.

Trane Technologies Price Performance

TT stock traded up $2.12 during midday trading on Thursday, reaching $366.12. The company had a trading volume of 2,795,246 shares, compared to its average volume of 1,545,077. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. The company has a market capitalization of $82.38 billion, a price-to-earnings ratio of 33.96, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. The stock has a 50 day moving average price of $391.62 and a 200-day moving average price of $376.27. Trane Technologies has a 1-year low of $250.79 and a 1-year high of $422.00.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.09. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. Equities research analysts expect that Trane Technologies will post 11.16 earnings per share for the current year.

Insider Transactions at Trane Technologies

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total value 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 approximately $5,363,488. This represents a 25.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.38% of the company's stock.

Trane Technologies Company Profile

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.