Citigroup Has Lowered Expectations for Trane Technologies (NYSE:TT) Stock Price

Trane Technologies (NYSE:TT - Free Report) had its price target trimmed by Citigroup from $476.00 to $415.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also weighed in on the stock. Melius Research reaffirmed a "hold" rating and set a $398.00 target price on shares of Trane Technologies in a research note 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. Melius cut Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 price objective for the company. in a research note on Tuesday, January 28th. JPMorgan Chase & Co. dropped their target price on Trane Technologies from $396.00 to $323.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Trane Technologies from $390.00 to $395.00 and gave the company a "sector perform" rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $405.31.

Trane Technologies Trading Up 0.8 %

Trane Technologies stock traded up $2.69 during midday trading on Monday, hitting $333.33. 2,243,922 shares of the stock were exchanged, compared to its average volume of 1,302,422. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. The stock's 50-day simple moving average is $344.98 and its 200 day simple moving average is $374.84. Trane Technologies has a fifty-two week low of $288.95 and a fifty-two week high of $422.00. The stock has a market capitalization of $74.76 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 2.50 and a beta of 1.08.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, beating 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%. On average, equities analysts anticipate that Trane Technologies will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $0.94 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 dividend on an annualized basis and a yield of 1.13%. Trane Technologies's dividend payout ratio (DPR) is presently 33.42%.

Insider Buying and Selling at Trane Technologies

In other news, CFO Christopher J. Kuehn sold 876 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.42, for a total transaction of $313,099.92. Following the completion of the sale, the chief financial officer now owns 63,841 shares in the company, valued at $22,818,050.22. This represents a 1.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Mairead Magner sold 198 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total transaction of $70,806.78. Following the completion of the transaction, the senior vice president now directly owns 13,401 shares in the company, valued at $4,792,331.61. This represents a 1.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,234 shares of company stock worth $2,588,102 over the last 90 days. Corporate insiders own 0.38% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Global Wealth Strategies & Associates purchased a new stake in Trane Technologies in the 4th quarter valued at about $26,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Trane Technologies during the 4th quarter valued at $26,000. WFA Asset Management Corp raised its position in shares of Trane Technologies by 208.3% in the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock worth $25,000 after buying an additional 50 shares during the period. Vermillion & White Wealth Management Group LLC purchased a new stake in Trane Technologies during the fourth quarter valued at about $28,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Trane Technologies in the 1st quarter worth about $31,000. Hedge funds and other 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.