Trane Technologies plc (NYSE:TT) Given Average Rating of "Hold" by Brokerages

Trane Technologies plc (NYSE:TT - Get Free Report) has been given a consensus rating of "Hold" by the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $380.15.

Several research analysts have recently commented on the stock. Robert W. Baird decreased their price target on shares of Trane Technologies from $408.00 to $404.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Hsbc Global Res cut shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 31st. HSBC downgraded Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 price objective on the stock. in a report on Thursday, October 31st. Royal Bank of Canada raised their target price on Trane Technologies from $334.00 to $350.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 1st. Finally, Mizuho increased their target price on shares of Trane Technologies from $325.00 to $400.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. MidAtlantic Capital Management Inc. acquired a new stake in shares of Trane Technologies during the 3rd quarter valued at about $27,000. DT Investment Partners LLC acquired a new position in shares of Trane Technologies in the 3rd quarter worth approximately $36,000. Fortitude Family Office LLC lifted its position in shares of Trane Technologies by 63.2% during the 2nd quarter. Fortitude Family Office LLC now owns 111 shares of the company's stock worth $37,000 after buying an additional 43 shares during the period. Triad Wealth Partners LLC acquired a new stake in Trane Technologies in the 2nd quarter valued at $39,000. Finally, Quarry LP bought a new stake in Trane Technologies in the second quarter valued at $39,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Price Performance

NYSE TT traded up $14.66 during trading hours on Friday, reaching $410.58. The company's stock had a trading volume of 1,512,063 shares, compared to its average volume of 1,114,480. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.22. The company's 50-day moving average is $380.72 and its two-hundred day moving average is $348.06. Trane Technologies has a fifty-two week low of $220.62 and a fifty-two week high of $413.74. The stock has a market cap of $92.39 billion, a PE ratio of 38.04, a PEG ratio of 2.39 and a beta of 1.02.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $3.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.23 by $0.14. Trane Technologies had a return on equity of 34.62% and a net margin of 12.73%. The business had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $5.32 billion. During the same quarter in the previous year, the business earned $2.79 EPS. The company's revenue for the quarter was up 10.0% on a year-over-year basis. Analysts forecast that Trane Technologies will post 11.13 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $0.84 dividend. The ex-dividend date is Friday, December 6th. This represents a $3.36 annualized dividend and a dividend yield of 0.82%. Trane Technologies's dividend payout ratio is 31.17%.

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.