Jefferies (NYSE:JEF) analyst Stephen Volkmann maintained a Hold rating on Trane Technologies (NYSE:TT) on Wednesday, setting a price target of $90, which is approximately 24.87% below the present share price of $119.8.
Volkmann expects Trane Technologies to post earnings per share (EPS) of $1.00 for the third quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Trane Technologies, with an average price target of $110.25.
The analysts price targets range from a high of $125 to a low of $90.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $3.14 billion and a net profit of $423.5 million. The company's market cap is $28.77 billion.
According to TipRanks.com, Jefferies analyst Stephen Volkmann is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 19.3% and a 72.20% success rate.
Ingersoll Rand (NYSE:IR) is a diversified industrial company that currently operates two segments. The $12.3 billion climate segment manufactures and services HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $3.3 billion industrial segment sells Ingersoll Rand-branded compression systems and power tools, ARO-branded fluid management equipment, and Club Car-branded utility vehicles. Ingersoll Rand announced it will spin off and merge its industrial segment with Gardner Denver in 2020 and operate as a pure-play HVAC and refrigeration business thereafter. The Irish-domiciled company generates approximately two thirds of its sales in the United States.