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Trane Technologies (NYSE:TT - Get Rating) had its price target boosted by BMO Capital Markets from $155.00 to $180.00 in a research note issued on Monday, The Fly reports. BMO Capital Markets' price target would suggest a potential upside of 10.05% from the company's previous close.

Several other research firms have also recently commented on TT. Cowen upgraded shares of Trane Technologies from a "market perform" rating to an "outperform" rating and set a $180.00 target price for the company in a research note on Friday, July 8th. Morgan Stanley increased their price objective on shares of Trane Technologies from $153.00 to $166.00 and gave the company an "overweight" rating in a research note on Thursday, August 4th. Cowen upgraded shares of Trane Technologies from a "market perform" rating to an "outperform" rating and set a $180.00 price objective for the company in a research note on Friday, July 8th. Credit Suisse Group increased their price objective on shares of Trane Technologies from $165.00 to $169.00 and gave the company an "outperform" rating in a research note on Thursday, August 4th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Trane Technologies from $162.00 to $146.00 and set a "hold" rating on the stock in a report on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $171.38.Trane Technologies Stock Performance

TT stock opened at $163.56 on Monday. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $37.90 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 2.00 and a beta of 1.04. Trane Technologies has a 12 month low of $120.64 and a 12 month high of $204.23. The firm has a 50 day moving average of $136.24 and a two-hundred day moving average of $144.27.

Trane Technologies (NYSE:TT - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $2.10 by $0.06. Trane Technologies had a net margin of 10.06% and a return on equity of 25.03%. The business had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.11 billion. During the same period in the previous year, the company earned $1.92 earnings per share. Trane Technologies's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that Trane Technologies will post 7.1 EPS for the current fiscal year. Institutional Trading of Trane Technologies

Hedge funds have recently modified their holdings of the company. Manchester Capital Management LLC raised its holdings in Trane Technologies by 5.7% during the 4th quarter. Manchester Capital Management LLC now owns 1,228 shares of the company's stock worth $248,000 after buying an additional 66 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in shares of Trane Technologies by 3.1% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 2,336 shares of the company's stock valued at $304,000 after buying an additional 70 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Trane Technologies by 14.8% in the first quarter. Exchange Traded Concepts LLC now owns 552 shares of the company's stock valued at $84,000 after buying an additional 71 shares in the last quarter. Condor Capital Management boosted its position in Trane Technologies by 0.5% during the fourth quarter. Condor Capital Management now owns 16,671 shares of the company's stock worth $3,368,000 after purchasing an additional 78 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its position in Trane Technologies by 3.3% during the second quarter. SeaCrest Wealth Management LLC now owns 2,472 shares of the company's stock worth $321,000 after purchasing an additional 78 shares during the period. 80.55% of the stock is currently owned by institutional investors and hedge funds. About Trane Technologies (Get Rating)

Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.Read MoreGet a free copy of the StockNews.com research report on Trane Technologies (TT)Here is a Simple 4 Stock Portfolio that Can Outperform the MarketIs AMC Entertainment Pulling a Fast One on the APEs?Here’s How the Inflation Reduction Act Energizes Power StockMarketBeat: Week in Review 8/8 - 8/122 Important Retail Stock Battles to Watch

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