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Goldman Sachs Maintains Their Hold Rating on Trane Technologies (TT)

In a report released today, Joe Ritchie from Goldman Sachs maintained a Hold rating on Trane Technologies (TTResearch Report), with a price target of $151.00. The company’s shares closed last Thursday at $155.34.

According to TipRanks.com, Ritchie is a 4-star analyst with an average return of 8.1% and a 55.5% success rate. Ritchie covers the Industrial Goods sector, focusing on stocks such as Lennox International, General Electric, and Johnson Controls.

Trane Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $156.43, which is a 3.1% upside from current levels. In a report released today, Mizuho Securities also maintained a Hold rating on the stock with a $150.00 price target.

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Based on Trane Technologies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.36 billion and net profit of $260 million. In comparison, last year the company earned revenue of $3.02 billion and had a net profit of $235 million.

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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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