Barclays Issues Positive Forecast for Trane Technologies (NYSE:TT) Stock Price

Trane Technologies (NYSE:TT) had its price objective hoisted by equities researchers at Barclays from $505.00 to $507.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 22.11% from the company’s current price.

TT has been the topic of several other research reports. Citigroup lifted their price target on shares of Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a report on Friday, October 31st. Oppenheimer raised their target price on shares of Trane Technologies from $460.00 to $468.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank Of Canada boosted their price target on shares of Trane Technologies from $467.00 to $469.00 and gave the company a “sector perform” rating in a research report on Friday, October 31st. Melius Research raised shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price target for the company in a research note on Wednesday, January 7th. Finally, Wells Fargo & Company upped their target price on Trane Technologies from $375.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $482.07.

Trane Technologies Trading Down 2.6%

Shares of NYSE:TT traded down $10.88 during midday trading on Friday, hitting $415.19. 1,035,919 shares of the stock traded hands, compared to its average volume of 2,048,487. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $396.04 and its two-hundred day moving average is $415.08. The stock has a market capitalization of $92.06 billion, a PE ratio of 31.97, a P/E/G ratio of 1.97 and a beta of 1.21. Trane Technologies has a one year low of $298.15 and a one year high of $476.18.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.05. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The business had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.09 billion. During the same quarter in the prior year, the company posted $2.61 EPS. Trane Technologies’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts forecast that Trane Technologies will post 12.83 earnings per share for the current year.

Hedge Funds Weigh In On Trane Technologies

Several large investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Trane Technologies in the second quarter worth approximately $1,356,065,000. JPMorgan Chase & Co. raised its holdings in Trane Technologies by 10.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,525,010 shares of the company’s stock worth $6,550,975,000 after acquiring an additional 1,433,563 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Trane Technologies by 229.3% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,752,551 shares of the company’s stock valued at $766,583,000 after acquiring an additional 1,220,388 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Trane Technologies by 89.1% in the 2nd quarter. Nordea Investment Management AB now owns 2,455,734 shares of the company’s stock worth $1,066,845,000 after purchasing an additional 1,157,405 shares in the last quarter. Finally, ABN AMRO Bank N.V. purchased a new position in shares of Trane Technologies in the second quarter worth $291,206,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Key Trane Technologies News

Here are the key news stories impacting Trane Technologies this week:

• Positive Sentiment: Q4 beats and record bookings — TT posted adjusted Q4 EPS of $2.86 (beat) and revenue of $5.15B (beat); bookings jumped ~24% YoY and backlog provides strong visibility into 2026. This is the main earnings-side catalyst supporting the stock. BusinessWire: Q4 Results
• Positive Sentiment: Revenue guidance lifted above Street — FY2026 revenue guide of $23.1B–$23.4B is modestly above the consensus (~$22.9B), signalling demand strength and supporting forward top-line expectations.
• Neutral Sentiment: EPS guidance essentially in-line — FY2026 EPS guidance of $14.65–$14.85 lines up with the consensus (~$14.79), so while not a downside surprise it gives investors mixed signals on upside to estimates.
• Neutral Sentiment: Analyst commentary and momentum narratives are active — multiple outlets and the full earnings transcript/slides are circulating, supporting continued investor attention but also adding short-term volatility. Seeking Alpha: Q4 Call Transcript
• Negative Sentiment: Profit-taking and valuation pressure — after recent gains and a high P/E (~32), some investors likely locked in profits despite the beats; the EPS guide being only in-line reduced upside surprise potential and contributed to the intraday pullback. AAII: Why TT Stock Is Up

About Trane Technologies

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.