Trane Technologies plc (NYSE:TT) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Trane Technologies plc (NYSE:TT - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the sixteen research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $437.80.

TT has been the subject of a number of analyst reports. Hsbc Global Res raised Trane Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Citigroup lifted their price objective on Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a report on Monday. Royal Bank Of Canada lifted their price target on Trane Technologies from $363.00 to $408.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Stephens raised Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price target for the company in a report on Thursday, May 1st. Finally, UBS Group lifted their price objective on Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd.

Insider Buying and Selling at Trane Technologies

In other news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $380.00, for a total transaction of $1,356,980.00. Following the transaction, the insider owned 3,593 shares in the company, valued at $1,365,340. The trade was a 49.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trane Technologies

Several institutional investors have recently bought and sold shares of the company. Csenge Advisory Group raised its stake in shares of Trane Technologies by 0.6% during the 1st quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock worth $1,314,000 after purchasing an additional 25 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in shares of Trane Technologies by 23.4% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company's stock worth $46,000 after acquiring an additional 26 shares during the last quarter. Fiera Capital Corp grew its holdings in Trane Technologies by 1.4% in the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company's stock valued at $650,000 after buying an additional 27 shares in the last quarter. Bingham Private Wealth LLC grew its holdings in Trane Technologies by 3.2% in the 1st quarter. Bingham Private Wealth LLC now owns 944 shares of the company's stock valued at $318,000 after buying an additional 29 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Trane Technologies by 0.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,786 shares of the company's stock valued at $1,398,000 after buying an additional 30 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Trane Technologies Trading Down 0.6%

Shares of Trane Technologies stock opened at $436.35 on Wednesday. The company's fifty day simple moving average is $427.30 and its 200-day simple moving average is $382.03. The company has a market cap of $97.31 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 2.86 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. Trane Technologies has a 1 year low of $298.15 and a 1 year high of $441.19.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.25. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.46 billion. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. Trane Technologies's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the company posted $1.94 earnings per share. As a group, sell-side analysts expect that Trane Technologies will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio (DPR) is presently 31.28%.

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.

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