Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Trane Technologies plc (NYSE:TT - Get Rating) has earned a consensus recommendation of "Hold" from the sixteen research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $171.38.
Several research analysts recently issued reports on TT shares. Jefferies Financial Group reduced their target price on shares of Trane Technologies from $160.00 to $140.00 in a report on Friday, July 15th. Wells Fargo & Company raised their price target on shares of Trane Technologies from $123.00 to $133.00 and gave the company an "underweight" rating in a research report on Thursday, August 4th. Credit Suisse Group raised their price target on shares of Trane Technologies from $165.00 to $169.00 and gave the company an "outperform" rating in a research report on Thursday, August 4th. BMO Capital Markets raised their price target on shares of Trane Technologies from $155.00 to $180.00 and gave the company an "outperform" rating in a research report on Monday, August 15th. Finally, Mizuho raised their price target on shares of Trane Technologies from $140.00 to $150.00 and gave the company a "neutral" rating in a research report on Thursday, August 4th.Trane Technologies Trading Down 0.6 %
NYSE TT opened at $154.84 on Wednesday. The company has a fifty day simple moving average of $143.89 and a two-hundred day simple moving average of $144.30. The stock has a market cap of $35.88 billion, a P/E ratio of 24.73, a P/E/G ratio of 1.90 and a beta of 1.04. Trane Technologies has a 12-month low of $120.64 and a 12-month high of $204.23. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.66.
Trane Technologies (NYSE:TT - Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $2.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.10 by $0.06. The business had revenue of $4.19 billion during the quarter, compared to analysts' expectations of $4.11 billion. Trane Technologies had a net margin of 10.06% and a return on equity of 25.03%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $1.92 earnings per share. On average, analysts forecast that Trane Technologies will post 7.1 earnings per share for the current year. Trane Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Thursday, September 1st. Trane Technologies's dividend payout ratio (DPR) is presently 42.81%. Hedge Funds Weigh In On Trane Technologies
A number of institutional investors have recently bought and sold shares of the company. Crewe Advisors LLC raised its stake in shares of Trane Technologies by 83.9% in the 2nd quarter. Crewe Advisors LLC now owns 206 shares of the company's stock valued at $27,000 after acquiring an additional 94 shares during the period. Herold Advisors Inc. purchased a new stake in shares of Trane Technologies in the 1st quarter valued at approximately $31,000. Heritage Wealth Management LLC purchased a new stake in shares of Trane Technologies in the 2nd quarter valued at approximately $31,000. Riverview Trust Co purchased a new stake in shares of Trane Technologies in the 1st quarter valued at approximately $32,000. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Trane Technologies in the 1st quarter valued at approximately $34,000. 80.25% of the stock is owned by hedge funds and other institutional investors. About Trane Technologies (Get Rating)
Trane Technologies plc, together with its subsidiaries, engages in the designing, manufacturing, selling, and servicing of solutions for heating, ventilation, air conditioning, and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation products; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality assessments and related products; large and light commercial unitary products; motor replacements; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.Featured StoriesGet a free copy of the StockNews.com research report on Trane Technologies (TT)How the Pandemic Forced F5 to Flex its Software Side Shock Absorbers: 3 Low Volatility Dividend Stocks for Bumpy TimesThe Retail Sector: Winners And Losers From Q2 Earnings Can Targa Continue Rallying To Meet Its Price Target? Is Unity Software Ready To Rally After Rejecting AppLovin Offer?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Trane Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trane Technologies wasn't on the list.
While Trane Technologies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
Tom remains optimistic about investors’ prospects going forward, even as the market reacts to the words of Fed Chair Jerome Powell about “pain ahead.”
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.