Wells Fargo analyst Joe O’Dea maintained a Sell rating on Trane Technologies (TT – Research Report) yesterday and set a price target of $265.00. The company’s shares closed last Friday at $285.98.
O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Emerson Electric Company, and Parker Hannifin. According to TipRanks, O’Dea has an average return of 7.4% and a 59.46% success rate on recommended stocks.
Trane Technologies has an analyst consensus of Hold, with a price target consensus of $276.38.
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Based on Trane Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.42 billion and a net profit of $494.8 million. In comparison, last year the company earned a revenue of $4.07 billion and had a net profit of $439.1 million
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Trane Technologies (TT) Company Description:
Ireland-based Trane Technologies plc is a diversified industrial manufacturing company formed by the merger of Ingersoll-Sergeant Drill Company and Rand Drill Company. The company provides climate control solutions for buildings, homes, and transportation.
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