Trane Technologies plc (NYSE:TT) Shares to Pay Quarterly Dividend of $1.05

Trane Technologies plc (NYSE:TT) announced a quarterly dividend on Wednesday, October 7th. Shareholders of record on Friday, December 4th will be paid a dividend of $1.05 per share on Thursday, December 31st. This represents a $4.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, December 4th.

Trane Technologies has decreased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Trane Technologies has a dividend payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Trane Technologies to earn $17.57 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 23.9%.

Trane Technologies Price Performance

Shares of NYSE:TT traded down $9.23 during midday trading on Wednesday, hitting $467.16. The company’s stock had a trading volume of 1,605,066 shares, compared to its average volume of 1,374,625. The business’s 50 day simple moving average is $453.86 and its 200 day simple moving average is $460.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. The company has a market cap of $102.78 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15. Trane Technologies has a 12-month low of $348.06 and a 12-month high of $505.87.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, analysts forecast that Trane Technologies will post 15.3 EPS for the current year.

Trane Technologies Company Profile

Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.

The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.