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

Trane Technologies plc (NYSE:TTGet Free Report) has been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $309.79.

A number of research analysts recently commented on the company. Stephens increased their price target on Trane Technologies from $310.00 to $320.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Mizuho increased their target price on Trane Technologies from $280.00 to $325.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Barclays increased their target price on Trane Technologies from $354.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday, June 4th. JPMorgan Chase & Co. increased their price target on Trane Technologies from $247.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, Citigroup increased their price target on Trane Technologies from $355.00 to $366.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st.

View Our Latest Stock Report on TT

Trane Technologies Stock Up 1.9 %

Trane Technologies stock opened at $325.20 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 0.74. Trane Technologies has a 1-year low of $175.36 and a 1-year high of $338.09. The company has a market cap of $73.61 billion, a PE ratio of 34.74, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01. The stock’s 50 day moving average price is $314.80 and its 200 day moving average price is $280.15.

Trane Technologies (NYSE:TTGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.30. The business had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $3.99 billion. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.41 earnings per share. On average, sell-side analysts predict that Trane Technologies will post 10.46 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, September 6th. Trane Technologies’s payout ratio is presently 35.90%.

Insider Transactions at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 4,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $318.67, for a total value of $1,274,680.00. Following the completion of the sale, the chief financial officer now directly owns 61,293 shares in the company, valued at $19,532,240.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Evan M. Turtz sold 8,988 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $321.30, for a total value of $2,887,844.40. Following the transaction, the senior vice president now owns 20,758 shares of the company’s stock, valued at approximately $6,669,545.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Christopher J. Kuehn sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $318.67, for a total transaction of $1,274,680.00. Following the completion of the transaction, the chief financial officer now directly owns 61,293 shares in the company, valued at approximately $19,532,240.31. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On Trane Technologies

Several large investors have recently modified their holdings of TT. BKM Wealth Management LLC bought a new stake in shares of Trane Technologies during the 4th quarter worth $25,000. Motco bought a new stake in Trane Technologies during the fourth quarter worth about $27,000. Sachetta LLC bought a new stake in Trane Technologies during the fourth quarter worth about $27,000. GoalVest Advisory LLC lifted its stake in shares of Trane Technologies by 157.1% in the first quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after buying an additional 55 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Trane Technologies in the first quarter worth approximately $27,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

About Trane Technologies

(Get Free Report

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.

Further Reading

Analyst Recommendations for Trane Technologies (NYSE:TT)

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