Trane Technologies (NYSE:TT – Get Rating) is set to release its earnings data before the market opens on Wednesday, May 4th. Analysts expect Trane Technologies to post earnings of $1.00 per share for the quarter. Trane Technologies has set its FY22 guidance at $6.95-7.15 EPS and its Q1 guidance at $0.95-1.00 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
Trane Technologies (NYSE:TT – Get Rating) last issued its quarterly earnings results on Monday, January 31st. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.05. Trane Technologies had a return on equity of 23.09% and a net margin of 10.07%. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same period last year, the company earned $1.03 EPS. Trane Technologies’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts expect Trane Technologies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Shares of TT stock opened at $144.71 on Wednesday. Trane Technologies has a 52-week low of $142.53 and a 52-week high of $207.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.04 and a current ratio of 1.36. The firm has a market capitalization of $33.80 billion, a P/E ratio of 24.61, a P/E/G ratio of 1.17 and a beta of 1.03. The stock has a 50 day moving average price of $152.14 and a 200 day moving average price of $172.86.
A number of brokerages recently issued reports on TT. Wolfe Research decreased their price target on Trane Technologies from $210.00 to $202.00 and set a “peer perform” rating for the company in a research note on Tuesday, February 1st. Citigroup decreased their target price on Trane Technologies from $242.00 to $228.00 and set a “buy” rating for the company in a research report on Tuesday, February 1st. The Goldman Sachs Group decreased their target price on Trane Technologies from $180.00 to $157.00 and set a “neutral” rating for the company in a research report on Thursday, April 7th. Barclays decreased their target price on Trane Technologies from $216.00 to $205.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. Finally, Vertical Research lowered Trane Technologies from a “buy” rating to a “hold” rating and set a $214.00 target price for the company. in a research report on Monday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and a consensus price target of $195.44.
In other Trane Technologies news, EVP Raymond D. Pittard sold 5,019 shares of Trane Technologies stock in a transaction dated Monday, February 7th. The stock was sold at an average price of $157.60, for a total transaction of $790,994.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Keith A. Sultana sold 5,885 shares of Trane Technologies stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $160.00, for a total value of $941,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,424 shares of company stock worth $2,295,970. 0.74% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of TT. EverSource Wealth Advisors LLC acquired a new position in shares of Trane Technologies in the 4th quarter valued at about $37,000. KB Financial Partners LLC acquired a new position in shares of Trane Technologies in the 4th quarter valued at about $65,000. Penserra Capital Management LLC lifted its holdings in shares of Trane Technologies by 23.2% in the 4th quarter. Penserra Capital Management LLC now owns 1,061 shares of the company’s stock valued at $214,000 after buying an additional 200 shares during the period. Forum Financial Management LP acquired a new position in shares of Trane Technologies in the 4th quarter valued at about $461,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Trane Technologies in the 4th quarter valued at about $1,429,000. 80.63% of the stock is owned by institutional investors.
Trane Technologies Company Profile (Get Rating)
Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.
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