Trane Technologies PLC

Trane Technologies PLC Stock Forecast & Price Prediction

Live Trane Technologies PLC Stock (TT) Price
$391.86

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$391.86

P/E Ratio

35.23

Volume Traded Today

$2.0M

Dividend

$0.84

52 Week High/low

406.96/219.69

Trane Technologies PLC Market Cap

$86.42B

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TT Summary

The Trane Technologies PLC (TT) share price is expected to increase by 2.62% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered TT. Price targets range from $364 at the low end to $457 at the high end. The current analyst consensus for TT is a sell. Please note analyst price targets are not guaranteed and could be missed completely.

TT Analyst Ratings

Trane Technologies PLC has a total of 0 Wall St Analyst ratings. There are 0 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a sell consensus rating, the expectation is that Trane Technologies PLC will perform worse than the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

TT stock forecast by analyst

These are the latest 20 analyst ratings of TT.

Analyst/Firm

Rating

Price Target

Change

Date

Julian Mitchell
Barclays

Overweight

$440

Maintains

Oct 31, 2024
Wesley Brooks
HSBC

Hold

$405

Downgrade

Oct 31, 2024
Timothy Wojs
Baird

Neutral

$404

Maintains

Oct 31, 2024
Brett Linzey
Mizuho

Neutral

$400

Maintains

Oct 17, 2024
Joe Ritchie
Goldman Sachs

Neutral

$407

Maintains

Oct 9, 2024
Joe O'Dea
Wells Fargo

Underweight

$360

Maintains

Oct 7, 2024
Julian Mitchell
Barclays

Overweight

$425

Maintains

Oct 2, 2024
Joe O'Dea
Wells Fargo

Underweight

$320

Maintains

Sep 6, 2024
Chris Snyder
Morgan Stanley

Overweight

$425

Initiates

Sep 6, 2024
Tommy Moll
Stephens & Co.

Equal-Weight

$350

Reiterates

Aug 5, 2024
Gabe Hajde
Wells Fargo

Underweight

$315

Maintains

Aug 1, 2024
Julian Mitchell
Barclays

Overweight

$394

Maintains

Aug 1, 2024
Deane Dray
RBC Capital

Sector Perform

$350

Maintains

Aug 1, 2024
Timothy Wojs
Baird

Neutral

$365

Maintains

Aug 1, 2024
Timothy Wojs
Baird

Neutral

$360

Maintains

Jul 15, 2024

Barclays

Overweight


Maintains

Jul 11, 2024
Julian Mitchell
Barclays

Overweight

$385

Maintains

Jul 10, 2024
Gabe Hajde
Wells Fargo

Underweight

$310

Maintains

Jul 10, 2024
Julian Mitchell
Barclays

Overweight

$380

Maintains

Jun 4, 2024
Markus Mittermaier
UBS

Buy

$375

Maintains

Jun 3, 2024

TT Company Information

What They Do: Provides HVAC and refrigeration solutions globally.

Business Model: The company designs, manufactures, and sells a wide range of HVAC and refrigeration products while also providing services such as installation, repair, and maintenance. Revenue is generated through product sales under the Trane and Thermo King brands, as well as through various service contracts and aftermarket parts.

Other Information: Founded in 1885 and headquartered in Swords, Ireland, the company has a rich history in the industry. It operates globally, catering to both commercial and residential markets, and offers innovative solutions focused on energy efficiency and sustainability.
TT
Trane Technologies PLC (TT)

When did it IPO

1980

Staff Count

40,000

Country

Ireland

Sector/Industry

Industrials/Building Products & Equipment

CEO

Mr. David S. Regnery

Market Cap

$86.42B

Trane Technologies PLC (TT) Financial Data

In 2023, TT generated $17.68B in revenue, which was a increase of 10.54% from the previous year. This can be seen as a signal that TT's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$12.45B

Revenue From 2021

$14.14B

13.50 %
From Previous Year

Revenue From 2022

$15.99B

13.12 %
From Previous Year

Revenue From 2023

$17.68B

10.54 %
From Previous Year
  • Revenue TTM $19.39B
  • Operating Margin TTM 18.8%
  • Gross profit TTM $5.86B
  • Return on assets TTM 10.5%
  • Return on equity TTM 35.1%
  • Profit Margin 12.7%
  • Book Value Per Share 33.71%
  • Market capitalisation $86.42B
  • Revenue for 2021 $14.14B
  • Revenue for 2022 $15.99B
  • Revenue for 2023 $17.68B
  • EPS this year (TTM) $10.90

Trane Technologies PLC (TT) Latest News

News Image

Wed, 30 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Trane Technologies plc (NYSE: TT) held its Q3 2024 earnings conference call on October 30, 2024, featuring key executives and analysts from major financial firms.

Why It Matters - Trane Technologies' Q3 earnings call will provide insights into financial performance and strategic direction, influencing stock valuation and investor sentiment in the HVAC sector.

News Image

Wed, 30 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Trane Technologies reported Q3 2024 diluted EPS of $3.43, an increase of 21%. Bookings rose 5% to $5.213 billion, while net revenues increased 11% to $5.441 billion year-over-year.

Why It Matters - Trane Technologies' strong EPS growth and rising revenues indicate robust financial health, potentially driving investor confidence and stock performance.

News Image

Wed, 30 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Trane Technologies (TT) reported Q3 earnings of $3.37 per share, exceeding the Zacks Consensus Estimate of $3.23 and up from $2.79 per share year-over-year.

Why It Matters - Trane Technologies' earnings beat expectations and show significant year-over-year growth, indicating strong performance and potential for future profitability, which can positively influence stock valuation.

News Image

Wed, 30 Oct 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Trane Technologies (TT) reported its quarterly performance for September 2024, with key metrics available for comparison against Wall Street estimates and year-ago figures.

Why It Matters - Trane Technologies' performance relative to Wall Street estimates and previous year metrics can indicate growth trends and market positioning, impacting investor confidence and stock valuation.

News Image

Wed, 30 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - TT reported year-over-year growth in both earnings and revenues for the third quarter of 2024.

Why It Matters - Improved earnings and revenues signal growth, potentially enhancing investor confidence and stock performance for TT in the competitive market.

News Image

Wed, 30 Oct 2024

Sentiment - NEGATIVE

Source - Seeking Alpha

Summary - Trane's Q3 results indicate strong North American growth, particularly a 20% increase in residential HVAC, but a significant 50% drop in bookings and 45% revenue decline in China.

Why It Matters - Trane's strong North American growth contrasts sharply with its decline in China, indicating potential regional risks and opportunities that may impact overall performance and investor sentiment.

...

TT Frequently asked questions

The highest forecasted price for TT is $457 from at .

The lowest forecasted price for TT is $364 from from

The TT analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.