Trane Technologies plc (NYSE:TT – Get Free Report) has earned a consensus rating of “Hold” from the seventeen ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $413.69.
A number of research firms have recently issued reports on TT. Wells Fargo & Company dropped their target price on shares of Trane Technologies from $380.00 to $360.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Northcoast Research began coverage on shares of Trane Technologies in a report on Friday, November 22nd. They set a “buy” rating and a $500.00 target price for the company. Melius lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 target price for the company. in a report on Tuesday, January 28th. UBS Group dropped their target price on shares of Trane Technologies from $500.00 to $470.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Melius Research reaffirmed a “hold” rating and set a $398.00 target price on shares of Trane Technologies in a report on Tuesday, January 28th.
Get Our Latest Analysis on Trane Technologies
Insider Buying and Selling at Trane Technologies
Institutional Trading of Trane Technologies
Hedge funds have recently made changes to their positions in the business. Global Wealth Strategies & Associates purchased a new stake in shares of Trane Technologies during the fourth quarter worth approximately $26,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Trane Technologies during the fourth quarter worth approximately $26,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Trane Technologies during the third quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Trane Technologies during the fourth quarter worth approximately $28,000. Finally, Sound Income Strategies LLC increased its stake in shares of Trane Technologies by 1,314.3% during the fourth quarter. Sound Income Strategies LLC now owns 99 shares of the company’s stock worth $37,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.
Trane Technologies Price Performance
Shares of NYSE TT opened at $351.46 on Thursday. The firm has a market cap of $78.83 billion, a PE ratio of 31.24, a PEG ratio of 2.50 and a beta of 1.08. The firm has a fifty day moving average of $364.02 and a 200 day moving average of $380.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. Trane Technologies has a one year low of $286.32 and a one year high of $422.00.
Trane Technologies (NYSE:TT – Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.52 by $0.09. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. As a group, research analysts predict that Trane Technologies will post 12.83 EPS for the current fiscal year.
Trane Technologies Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $0.94 dividend. The ex-dividend date is Friday, March 7th. This represents a $3.76 dividend on an annualized basis and a yield of 1.07%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.84. Trane Technologies’s dividend payout ratio is presently 33.42%.
About Trane Technologies
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.
See Also
- Five stocks we like better than Trane Technologies
- The 3 Best Blue-Chip Stocks to Buy Now
- Can TikTok Stock Picks Really Make You Rich?
- Insider Trades May Not Tell You What You Think
- The “Quality” Rotation: Back to Basics Investing
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Trane Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trane Technologies and related companies with MarketBeat.com's FREE daily email newsletter.