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

Key Points

• Trane Technologies plc has received a consensus recommendation of "Hold" from 16 analysts, with one sell rating, nine holds, and six buy ratings.
• The company's latest quarterly earnings report showed an EPS of $3.88, exceeding consensus estimates, and revenue increased 7.6% year-over-year.
• Trane Technologies announced a quarterly dividend of $0.94 per share, which is set to be paid on December 31st, with an annualized yield of 0.9%.

Trane Technologies plc (NYSE:TT - Get Free Report) has received a consensus recommendation of "Hold" from the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $464.2857.

TT has been the topic of several recent analyst reports. Citigroup dropped their price objective on Trane Technologies from $499.00 to $494.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. UBS Group increased their target price on shares of Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Barclays dropped their price target on shares of Trane Technologies from $495.00 to $485.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 16th. Robert W. Baird upped their price objective on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, Wells Fargo & Company lifted their target price on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an "underweight" rating in a research report on Monday, October 6th.

Trane Technologies Price Performance

Shares of NYSE TT opened at $416.15 on Friday. The stock has a market cap of $92.60 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 2.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. Trane Technologies has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The firm's 50-day simple moving average is $416.31 and its 200 day simple moving average is $413.76.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the business posted $3.30 earnings per share. The company's quarterly revenue was up 7.6% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, research analysts anticipate that Trane Technologies will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies's dividend payout ratio (DPR) is 29.82%.

Insiders Place Their Bets

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the transaction, the chief executive officer owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On Trane Technologies

A number of hedge funds have recently modified their holdings of TT. Financial Consulate Inc. purchased a new stake in Trane Technologies in the third quarter worth $25,000. Icon Advisers Inc. Co. purchased a new stake in Trane Technologies in the 2nd quarter worth about $26,000. Ameriflex Group Inc. purchased a new stake in Trane Technologies in the 2nd quarter worth about $28,000. Hantz Financial Services Inc. raised its stake in Trane Technologies by 1,016.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company's stock valued at $29,000 after acquiring an additional 61 shares during the period. Finally, Saudi Central Bank purchased a new stake in Trane Technologies during the first quarter valued at about $30,000. Institutional investors own 82.97% of the company's stock.

Trane Technologies Company Profile

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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