On March 28, 2023, Oppenheimer initiated coverage of Trane Technologies with a Perform recommendation.
Analyst Price Forecast Suggests 8.38% Upside
As of March 29, 2023, the average one-year price target for Trane Technologies is $198.00. The forecasts range from a low of $161.60 to a high of $235.20. The average price target represents an increase of 8.38% from its latest reported closing price of $182.69.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Trane Technologies is $16,915MM, an increase of 5.77%. The projected annual non-GAAP EPS is $8.11.
What are Large Shareholders Doing?
Jpmorgan Chase & holds 18,392K shares representing 8.03% ownership of the company. In it's prior filing, the firm reported owning 19,051K shares, representing a decrease of 3.58%. The firm increased its portfolio allocation in TT by 2.88% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,001K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 6,907K shares, representing an increase of 1.35%. The firm increased its portfolio allocation in TT by 8.66% over the last quarter.
Ameriprise Financial holds 6,217K shares representing 2.71% ownership of the company. In it's prior filing, the firm reported owning 6,904K shares, representing a decrease of 11.06%. The firm decreased its portfolio allocation in TT by 1.71% over the last quarter.
Generation Investment Management Llp holds 5,461K shares representing 2.38% ownership of the company. In it's prior filing, the firm reported owning 5,739K shares, representing a decrease of 5.09%. The firm decreased its portfolio allocation in TT by 99.89% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 5,324K shares representing 2.32% ownership of the company. In it's prior filing, the firm reported owning 5,253K shares, representing an increase of 1.34%. The firm increased its portfolio allocation in TT by 8.39% over the last quarter.
What is the Fund Sentiment?
There are 1799 funds or institutions reporting positions in Trane Technologies. This is an increase of 78 owner(s) or 4.53% in the last quarter. Average portfolio weight of all funds dedicated to TT is 0.31%, a decrease of 6.90%. Total shares owned by institutions decreased in the last three months by 1.11% to 226,178K shares. The put/call ratio of TT is 0.67, indicating a bullish outlook.
Trane Technologies Background Information
(This description is provided by the company.)
Trane Technologies is a global climate innovator. Through its strategic brands Trane and Thermo King, and its portfolio of environmentally responsible products and services, company brings efficient and sustainable climate solutions to buildings, homes and transportation.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
