Trane Technologies plc (NYSE:TT) Given Consensus Rating of “Hold” by Analysts

Shares of Trane Technologies plc (NYSE:TTGet Rating) have received an average recommendation of “Hold” from the seventeen analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $170.35.

TT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Trane Technologies from $116.00 to $126.00 and gave the company an “underweight” rating in a research report on Thursday, November 3rd. Barclays boosted their price target on Trane Technologies from $160.00 to $166.00 and gave the company an “overweight” rating in a report on Thursday, August 4th. Argus boosted their price target on Trane Technologies from $170.00 to $185.00 in a report on Tuesday, November 8th. Royal Bank of Canada boosted their price target on Trane Technologies from $155.00 to $162.00 and gave the company a “sector perform” rating in a report on Thursday, November 3rd. Finally, The Goldman Sachs Group boosted their price target on Trane Technologies from $151.00 to $168.00 and gave the company a “neutral” rating in a report on Thursday, November 3rd.

Trane Technologies Stock Performance

NYSE TT opened at $176.08 on Monday. The business’s 50-day simple moving average is $154.97 and its 200-day simple moving average is $145.35. The firm has a market capitalization of $40.55 billion, a P/E ratio of 25.45, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.14 and a quick ratio of 0.78. Trane Technologies has a 1-year low of $120.64 and a 1-year high of $204.23.

Trane Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 2nd will be given a dividend of $0.67 per share. The ex-dividend date is Thursday, December 1st. This represents a $2.68 dividend on an annualized basis and a yield of 1.52%. Trane Technologies’s dividend payout ratio (DPR) is presently 38.73%.

Insiders Place Their Bets

In other Trane Technologies news, SVP Mairead Magner sold 1,000 shares of the business’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $160.00, for a total transaction of $160,000.00. Following the completion of the transaction, the senior vice president now owns 11,079 shares in the company, valued at approximately $1,772,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.74% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Trane Technologies

Several hedge funds have recently modified their holdings of the stock. PointState Capital LP purchased a new stake in shares of Trane Technologies during the third quarter valued at $22,714,000. Dakota Wealth Management purchased a new stake in shares of Trane Technologies during the third quarter valued at $214,000. Credit Suisse AG lifted its holdings in shares of Trane Technologies by 41.3% during the third quarter. Credit Suisse AG now owns 700,311 shares of the company’s stock valued at $101,412,000 after purchasing an additional 204,852 shares during the last quarter. Firestone Capital Management acquired a new position in Trane Technologies during the third quarter valued at $217,000. Finally, Condor Capital Management raised its position in Trane Technologies by 1.7% during the third quarter. Condor Capital Management now owns 17,841 shares of the company’s stock valued at $2,584,000 after buying an additional 301 shares during the period. 80.25% of the stock is owned by hedge funds and other institutional investors.

About Trane Technologies

(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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Analyst Recommendations for Trane Technologies (NYSE:TT)

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