Trane Technologies(US:TT) Benzinga·2025-05-01 18:00Core Insights - Trane Technologies plc reported a strong first quarter with net revenue growth of 11% year-over-year, reaching $4.69 billion, exceeding the consensus estimate of $4.46 billion [1] - The company experienced a 4% year-over-year increase in bookings, totaling $5.28 billion, and reported an 11% year-over-year increase in both revenues and organic revenues [1] - Adjusted EPS for the quarter was $2.45, reflecting a 26% year-over-year increase, surpassing the street view of $2.20 [1] Financial Guidance - Trane Technologies reaffirmed its FY25 adjusted EPS guidance range of $12.70-$12.90, compared to the consensus estimate of $12.74 [2] - The company raised its FY25 sales guidance to a range of $21.33 billion-$21.52 billion from the previous range of $21.13 billion-$21.33 billion, against a consensus estimate of $21.24 billion [2] Management Commentary - CEO Dave Regnery highlighted the company's strong execution and robust demand for innovative solutions, positioning Trane Technologies as a preferred partner in a dynamic macro environment [3] - Following the earnings announcement, Trane Technologies shares increased by 2.8%, trading at $394.09 [3] Analyst Ratings and Price Targets - Baird analyst Timothy Wojs maintained a Neutral rating and raised the price target from $360 to $396 [8] - Wells Fargo analyst Joseph O'Dea maintained an Underweight rating and increased the price target from $330 to $370 [8] - JP Morgan analyst Stephen Tusa maintained a Neutral rating and raised the price target from $323 to $334 [8] - RBC Capital analyst Deane Dray maintained a Sector Perform rating and increased the price target from $363 to $408 [8]