Trane Technologies plc (NYSE:TT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Trane Technologies plc (NYSE:TTGet Free Report) have been assigned an average rating of “Hold” from the fourteen brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $309.79.

Several equities analysts have recently weighed in on TT shares. TD Cowen increased their price target on Trane Technologies from $325.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Wells Fargo & Company raised their target price on Trane Technologies from $281.00 to $295.00 and gave the stock an “underweight” rating in a report on Thursday, May 2nd. Barclays raised 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. raised their target price on Trane Technologies from $247.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. Finally, Robert W. Baird raised their target price on Trane Technologies from $315.00 to $344.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st.

Get Our Latest Analysis on TT

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BKM Wealth Management LLC acquired a new position in shares of Trane Technologies in the fourth quarter worth about $25,000. Motco acquired a new stake in Trane Technologies in the 4th quarter worth about $27,000. Sachetta LLC acquired a new stake in Trane Technologies in the 4th quarter worth about $27,000. GoalVest Advisory LLC boosted its holdings in Trane Technologies by 157.1% in the 1st quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after buying an additional 55 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in Trane Technologies in the 1st quarter worth about $27,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Performance

Trane Technologies stock opened at $331.68 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $75.08 billion, a P/E ratio of 35.44, a PEG ratio of 2.57 and a beta of 1.01. The stock’s 50 day moving average is $328.32 and its 200 day moving average is $292.79. Trane Technologies has a twelve month low of $184.02 and a twelve month high of $345.46.

Trane Technologies (NYSE:TTGet Free Report) last issued its earnings results on Tuesday, April 30th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.64 by $0.30. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The business had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $3.99 billion. During the same period last year, the business posted $1.41 EPS. The company’s revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts predict that Trane Technologies will post 10.48 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, September 6th. Trane Technologies’s dividend payout ratio (DPR) is 35.90%.

Trane Technologies Company Profile

(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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