Trane Technologies (TT) Projected to Post Quarterly Earnings on Wednesday

Trane Technologies (NYSE:TT - Get Free Report) is expected to release its Q1 2025 earnings data before the market opens on Wednesday, April 30th. Analysts expect the company to announce earnings of $2.19 per share and revenue of $4.46 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 issued its quarterly earnings data on Thursday, January 30th. The company reported $2.61 EPS for the quarter, topping the consensus estimate of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. 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 Stock Up 3.3 %

NYSE:TT opened at $332.92 on Wednesday. Trane Technologies has a 1 year low of $291.37 and a 1 year high of $422.00. The stock has a 50-day moving average price of $343.62 and a two-hundred day moving average price of $373.91. The stock has a market cap of $74.67 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 2.50 and a beta of 1.08. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58.

Trane Technologies Dividend Announcement

The firm also recently disclosed 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 is Friday, June 6th. This represents a $3.76 annualized dividend and a dividend yield of 1.13%. Trane Technologies's dividend payout ratio is presently 33.42%.

Analyst Ratings Changes

A number of research analysts have weighed in on TT shares. Barclays cut their price target on shares of Trane Technologies from $500.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. JPMorgan Chase & Co. cut their price objective on shares of Trane Technologies from $396.00 to $323.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada lifted their price target on Trane Technologies from $390.00 to $395.00 and gave the company a "sector perform" rating in a research note on Friday, January 3rd. UBS Group reduced their price objective on Trane Technologies from $500.00 to $470.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Melius lowered Trane Technologies from a "buy" rating to a "hold" rating and set a $398.00 target price on the stock. in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $405.31.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 2,754 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total transaction of $984,114.36. Following the transaction, the chief executive officer now owns 132,969 shares of the company's stock, valued at $47,515,142.46. The trade was a 2.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mairead Magner sold 198 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $357.61, for a total value of $70,806.78. Following the completion of the sale, the senior vice president now owns 13,401 shares in the company, valued at $4,792,331.61. This represents a 1.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,234 shares of company stock worth $2,588,102. Insiders own 0.38% of the company's stock.

Hedge Funds Weigh In On Trane Technologies

An institutional investor recently raised its position in Trane Technologies stock. Brighton Jones LLC boosted its stake in Trane Technologies plc (NYSE:TT - Free Report) by 60.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,194 shares of the company's stock after buying an additional 2,323 shares during the period. Brighton Jones LLC's holdings in Trane Technologies were worth $2,288,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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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