Trane Technologies plc (NYSE:TT) Plans Quarterly Dividend of $1.05

Key Points

• Trane Technologies declared a quarterly dividend of $1.05 per share, payable December 31 to shareholders of record on December 4. The annualized dividend is $4.20, representing a 0.9% yield.
• The dividend appears well covered, with a current payout ratio of 29.0% and an expected future payout ratio of 23.9%. The company has increased its dividend for five consecutive years.
• Trane Technologies exceeded quarterly earnings and revenue expectations, reporting EPS of $4.31 and revenue of $6.35 billion, while revenue rose 10.6% year over year.

Trane Technologies plc (NYSE:TT - Get Free Report) announced a quarterly dividend on Wednesday, October 7th. Investors of record on Friday, December 4th will be paid a dividend of $1.05 per share on Thursday, December 31st. This represents a $4.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, December 4th.

Trane Technologies has decreased its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Trane Technologies has a payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Trane Technologies to earn $17.57 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 23.9%.

Trane Technologies Price Performance

Shares of Trane Technologies stock traded down $9.23 on Wednesday, hitting $467.16. 1,605,066 shares of the company traded hands, compared to its average volume of 1,374,625. The stock has a market capitalization of $102.78 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. Trane Technologies has a 52 week low of $348.06 and a 52 week high of $505.87. The business has a 50-day simple moving average of $453.86 and a 200 day simple moving average of $460.50.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The company's revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Research analysts expect that Trane Technologies will post 15.3 earnings per share for the current fiscal year.

Trane Technologies Company Profile

Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.

The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.

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