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Trane Technologies (NYSE:TT - Get Rating) is set to release its earnings data before the market opens on Wednesday, August 3rd. Analysts expect Trane Technologies to post earnings of $2.12 per share for the quarter. Trane Technologies has set its FY22 guidance at $6.95-$7.15 EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.
Trane Technologies (NYSE:TT - Get Rating) last issued its earnings results on Wednesday, May 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.12. Trane Technologies had a return on equity of 23.67% and a net margin of 10.01%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company earned $1.01 earnings per share. The firm's revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts expect Trane Technologies to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year. Trane Technologies Price Performance
Shares of NYSE TT opened at $138.99 on Wednesday. Trane Technologies has a 1-year low of $120.64 and a 1-year high of $207.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.31 and a quick ratio of 0.91. The business's fifty day moving average price is $131.89 and its two-hundred day moving average price is $147.07. The firm has a market capitalization of $32.50 billion, a PE ratio of 23.13, a P/E/G ratio of 1.76 and a beta of 1.02. Trane Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, September 1st. Trane Technologies's dividend payout ratio is presently 44.59%. Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Trane Technologies from $162.00 to $146.00 and set a "hold" rating for the company in a research note on Wednesday, July 13th. Cowen raised Trane Technologies from a "market perform" rating to an "outperform" rating and set a $180.00 price target for the company in a research note on Friday, July 8th. The Goldman Sachs Group decreased their price target on Trane Technologies from $156.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, June 23rd. Morgan Stanley decreased their price target on Trane Technologies from $155.00 to $153.00 and set an "overweight" rating for the company in a research note on Friday, July 15th. Finally, Wells Fargo & Company decreased their price target on Trane Technologies from $124.00 to $123.00 in a research note on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $170.18.Hedge Funds Weigh In On Trane Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of TT. Acadian Asset Management LLC acquired a new position in shares of Trane Technologies in the 1st quarter valued at $178,000. Blair William & Co. IL lifted its stake in Trane Technologies by 3.0% in the 1st quarter. Blair William & Co. IL now owns 16,727 shares of the company's stock worth $2,554,000 after acquiring an additional 495 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Trane Technologies in the 1st quarter worth about $219,000. Vanguard Group Inc. lifted its stake in Trane Technologies by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 18,133,851 shares of the company's stock worth $2,769,040,000 after acquiring an additional 77,924 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Trane Technologies by 3.8% in the 1st quarter. Mackenzie Financial Corp now owns 956,177 shares of the company's stock worth $146,008,000 after acquiring an additional 34,591 shares in the last quarter. Institutional investors and hedge funds own 80.55% of the company's stock. Trane Technologies Company Profile (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 ArticlesGet a free copy of the StockNews.com research report on Trane Technologies (TT)3 Large Caps With Bullish Chart PatternsThe Bull and Bear Case for Investing in AMDOccidental Petroleum Leads Exxon Mobil, Chevron Ahead Of Next Week's Earnings Medtronic Stock Keeps Ticking Forward Simpson Manufacturing Quietly Builds Foundations For Growth
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