Trane Technologies (NYSE:TT) Price Target Raised to $344.00 at Robert W. Baird

Trane Technologies (NYSE:TT) had its price target upped by Robert W. Baird from $315.00 to $344.00 in a research report report published on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Citigroup boosted their target price on shares of Trane Technologies from $309.00 to $355.00 and gave the stock a buy rating in a report on Monday, April 8th. The Goldman Sachs Group boosted their price target on shares of Trane Technologies from $253.00 to $287.00 and gave the stock a neutral rating in a research note on Monday, February 5th. Royal Bank of Canada raised their price objective on Trane Technologies from $231.00 to $246.00 and gave the company a sector perform rating in a research report on Friday, February 2nd. Barclays boosted their target price on Trane Technologies from $286.00 to $325.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. Finally, Stephens raised their price target on Trane Technologies from $235.00 to $280.00 and gave the company an equal weight rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Trane Technologies presently has an average rating of Hold and an average price target of $300.54.

Trane Technologies Trading Up 0.8 %

Shares of TT stock opened at $319.29 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.78 and a current ratio of 1.13. The stock has a fifty day simple moving average of $295.83 and a two-hundred day simple moving average of $257.93. The firm has a market capitalization of $72.27 billion, a PE ratio of 34.11, a PEG ratio of 2.52 and a beta of 1.01. Trane Technologies has a 52-week low of $162.04 and a 52-week high of $327.09.

Trane Technologies (NYSE:TT) last released its earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.30. The firm had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $3.99 billion. Trane Technologies had a return on equity of 32.78% and a net margin of 11.81%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the business posted $1.41 earnings per share. On average, analysts predict that Trane Technologies will post 10.47 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a $0.84 dividend. The ex-dividend date is Thursday, June 6th. This represents a $3.36 dividend on an annualized basis and a yield of 1.05%. Trane Technologies’s dividend payout ratio is presently 35.90%.

Insiders Place Their Bets

In related news, SVP Keith A. Sultana sold 1,983 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $272.26, for a total transaction of $539,891.58. Following the transaction, the senior vice president now directly owns 42,575 shares in the company, valued at approximately $11,591,469.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Keith A. Sultana sold 1,983 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $272.26, for a total transaction of $539,891.58. Following the completion of the sale, the senior vice president now directly owns 42,575 shares of the company’s stock, valued at approximately $11,591,469.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Christopher J. Kuehn sold 2,767 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $268.31, for a total value of $742,413.77. Following the completion of the transaction, the chief financial officer now directly owns 54,788 shares in the company, valued at approximately $14,700,168.28. The disclosure for this sale can be found here. Insiders sold 28,237 shares of company stock valued at $8,024,534 over the last three months. 0.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trane Technologies

A number of hedge funds have recently added to or reduced their stakes in TT. BKM Wealth Management LLC purchased a new stake in shares of Trane Technologies in the 4th quarter worth $25,000. Motco bought a new stake in shares of Trane Technologies in the fourth quarter valued at about $27,000. Sachetta LLC purchased a new stake in Trane Technologies in the fourth quarter worth about $27,000. GoalVest Advisory LLC grew its holdings in Trane Technologies by 157.1% during the 1st quarter. GoalVest Advisory LLC now owns 90 shares of the company’s stock worth $27,000 after acquiring an additional 55 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in Trane Technologies during the 1st quarter valued at about $27,000. 82.97% of the stock is currently owned by institutional investors.

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.