Trane Technologies: Baird raises PT to $450 from $396, maintains Neutral rating.

Trane Technologies: Baird raises PT to $450 from $396, maintains Neutral rating.

Trane Technologies plc (TT), a leading provider of heating, ventilation, air conditioning, and refrigeration solutions, has seen its price target (PT) raised by Baird to $450, from the previous $396. The financial services firm maintains a neutral rating on the stock [1].

The update comes as Trane Technologies prepares to release its fiscal Q2 earnings results on Thursday, July 30, before the market opens. Analysts expect the company to report a profit of $3.76 per share, a 13.9% increase from the $3.30 per share reported in the same quarter last year [1].

Baird's adjustment reflects the company's strong performance in recent quarters, with reported and organic revenues both increasing 11% year-over-year to $4.7 billion in Q1. The adjusted EPS for the quarter rose 26% from the prior year's quarter to $2.45, surpassing consensus estimates by 11.4% [1].

Despite the positive earnings, Baird's neutral rating indicates a cautious approach to the stock's potential. The company's shares have grown 27% over the past 52 weeks, outperforming the Industrial Select Sector SPDR Fund’s (XLI) 21.7% surge and the S&P 500 Index’s ($SPX) 12.1% uptick during the same time frame [1].

Trane Technologies' stock is currently trading above its mean price target of $436.83, with the Street-high target of $500 indicating a potential upswing of 14.3% from the current market price [1].

References:
[1] https://www.inkl.com/news/what-to-expect-from-trane-technologies-next-quarterly-earnings-report
[2] https://www.cnbc.com/2025/07/14/stocks-making-the-biggest-moves-midday-adsk-pypl-rivn-nbis-wat.html