Trane Technologies (TT) Expected to Announce Earnings on Wednesday

Trane Technologies (NYSE:TT - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data before the market opens on Wednesday, July 30th. Analysts expect the company to announce earnings of $3.76 per share and revenue of $5.77 billion for the quarter. Trane Technologies has set its FY 2025 guidance at 12.700-12.900 EPS.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.25. The company had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.46 billion. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. Trane Technologies's revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $1.94 earnings per share. On average, analysts expect Trane Technologies to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Trane Technologies Price Performance

Trane Technologies stock traded up $10.70 during midday trading on Friday, reaching $472.43. 1,195,032 shares of the stock were exchanged, compared to its average volume of 1,151,485. Trane Technologies has a 52 week low of $298.15 and a 52 week high of $473.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 1.09. The firm has a market cap of $105.36 billion, a PE ratio of 39.30, a PEG ratio of 3.07 and a beta of 1.15. The company's fifty day moving average is $433.17 and its 200-day moving average is $386.23.

Trane Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 annualized dividend and a dividend yield of 0.80%. Trane Technologies's payout ratio is currently 31.28%.

Insider Transactions 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 value of $1,356,980.00. Following the transaction, the insider owned 3,593 shares in the company, valued at approximately $1,365,340. The trade was a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Trane Technologies

A hedge fund recently raised its stake in Trane Technologies stock. Brighton Jones LLC increased its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 60.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,194 shares of the company's stock after purchasing an additional 2,323 shares during the quarter. Brighton Jones LLC's holdings in Trane Technologies were worth $2,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on TT. JPMorgan Chase & Co. boosted their target price on Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company lifted their price target on Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research report on Tuesday, July 1st. Hsbc Global Res upgraded shares of Trane Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Barclays lifted their target price on shares of Trane Technologies from $476.00 to $480.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada increased their price target on shares of Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $441.40.

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.