Trane Technologies plc (NYSE:TT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Trane Technologies plc (NYSE:TT) have been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $521.50.

A number of research analysts have recently commented on TT shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research note on Friday, July 17th. Wall Street Zen upgraded Trane Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Barclays raised their price objective on Trane Technologies from $507.00 to $585.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Sanford C. Bernstein boosted their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Finally, KeyCorp increased their price objective on shares of Trane Technologies from $525.00 to $555.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 43,778 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the completion of the transaction, the chief executive officer owned 96,950 shares of the company’s stock, valued at approximately $46,051,250. This represents a 31.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Trane Technologies

Institutional investors have recently modified their holdings of the stock. Wilkerson Advisory Group LLC lifted its holdings in Trane Technologies by 136.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Tucker Asset Management LLC purchased a new stake in shares of Trane Technologies during the 4th quarter valued at approximately $25,000. Elevation Wealth Partners LLC lifted its stake in shares of Trane Technologies by 153.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Trane Technologies during the third quarter worth about $32,000. Finally, Physician Wealth Advisors Inc. increased its holdings in Trane Technologies by 192.6% in the 1st quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Performance

Trane Technologies stock opened at $452.46 on Thursday. Trane Technologies has a twelve month low of $348.06 and a twelve month high of $505.87. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $474.83 and its 200-day moving average price is $461.14. The company has a market cap of $99.55 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the company posted $3.88 EPS. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, equities research analysts forecast that Trane Technologies will post 15.31 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 4th. Trane Technologies’s dividend payout ratio (DPR) is currently 31.82%.

About Trane Technologies

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.