Trane Technologies plc (NYSE:TT) Receives $413.69 Consensus PT from Brokerages

Shares of Trane Technologies plc (NYSE:TT) have been given a consensus recommendation of “Hold” by the seventeen analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $409.13.

A number of analysts have weighed in on the company. Melius Research reiterated a “hold” rating and issued a $398.00 price target on shares of Trane Technologies in a research report on Tuesday, January 28th. Melius cut Trane Technologies from a “buy” rating to a “hold” rating and set a $398.00 price objective for the company. in a report on Tuesday, January 28th. UBS Group cut their target price on Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of Trane Technologies from $396.00 to $323.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Citigroup cut their target price on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research note on Monday, January 13th.

Trane Technologies Stock Up 8.9 %

TT opened at $343.14 on Monday. The firm has a market cap of $76.96 billion, a P/E ratio of 30.50, a price-to-earnings-growth ratio of 2.50 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The business has a 50 day moving average price of $347.74 and a 200 day moving average price of $377.06. Trane Technologies has a twelve month low of $286.32 and a twelve month high of $422.00.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.61 earnings per share for the quarter, beating 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%. Research analysts forecast that Trane Technologies will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently announced 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. This represents a $3.76 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, June 6th. Trane Technologies’s payout ratio is presently 33.42%.

Insiders Place Their Bets

In other news, CFO Christopher J. Kuehn sold 770 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $358.39, for a total value of $275,960.30. Following the transaction, the chief financial officer now owns 62,221 shares in the company, valued at approximately $22,299,384.19. This represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David S. Regnery sold 2,754 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $357.34, for a total value of $984,114.36. Following the completion of the transaction, the chief executive officer now directly owns 132,969 shares in the company, valued at $47,515,142.46. This trade represents a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,234 shares of company stock valued at $2,588,102 in the last ninety days. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On Trane Technologies

Large investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC boosted its position in shares of Trane Technologies by 55.3% in the third quarter. IHT Wealth Management LLC now owns 1,249 shares of the company’s stock worth $485,000 after purchasing an additional 445 shares during the period. Quantinno Capital Management LP lifted its position in shares of Trane Technologies by 40.6% in the third quarter. Quantinno Capital Management LP now owns 10,991 shares of the company’s stock worth $4,273,000 after buying an additional 3,174 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Trane Technologies by 4.3% during the 3rd quarter. Wellington Management Group LLP now owns 728,428 shares of the company’s stock valued at $283,162,000 after acquiring an additional 30,038 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Trane Technologies in the 3rd quarter worth $1,438,000. Finally, EP Wealth Advisors LLC increased its stake in Trane Technologies by 37.6% during the third quarter. EP Wealth Advisors LLC now owns 2,054 shares of the company’s stock worth $799,000 after acquiring an additional 561 shares during the last quarter. 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.