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.
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.
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 |
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
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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.