Trane Technologies (NYSE:TT) Price Target Increased to $325.00 by Analysts at Mizuho

Trane Technologies (NYSE:TT) had its price target upped by Mizuho from $280.00 to $325.00 in a research note published on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

TT has been the topic of several other research reports. Citigroup upped their price target on Trane Technologies from $309.00 to $355.00 and gave the company a buy rating in a research note on Monday, April 8th. The Goldman Sachs Group increased their target price 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. Stephens boosted their price target on shares of Trane Technologies from $310.00 to $320.00 and gave the company an equal weight rating in a research note on Wednesday. Robert W. Baird upped their price objective on shares of Trane Technologies from $315.00 to $344.00 and gave the stock a neutral rating in a report on Wednesday. Finally, Barclays lifted their target price on shares of Trane Technologies from $286.00 to $325.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. One equities research 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. According to data from MarketBeat, Trane Technologies has an average rating of Hold and a consensus target price of $288.38.

Trane Technologies Stock Down 0.7 %

NYSE TT opened at $315.08 on Wednesday. The business’s fifty day simple moving average is $294.39 and its 200-day simple moving average is $256.74. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 0.58. The firm has a market cap of $71.39 billion, a PE ratio of 33.66, a P/E/G ratio of 2.61 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 posted its earnings results on Tuesday, April 30th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.30. The company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $3.99 billion. Trane Technologies had a net margin of 11.81% and a return on equity of 32.78%. Trane Technologies’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 EPS. As a group, equities analysts anticipate that Trane Technologies will post 10.49 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, June 6th. Trane Technologies’s payout ratio is currently 35.90%.

Insider Activity at Trane Technologies

In other Trane Technologies news, SVP Evan M. Turtz sold 2,821 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.33, for a total value of $813,378.93. Following the sale, the senior vice president now owns 20,729 shares of the company’s stock, valued at approximately $5,976,792.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Christopher J. Kuehn sold 3,762 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $286.48, for a total value of $1,077,737.76. Following the transaction, the chief financial officer now owns 61,691 shares of the company’s stock, valued at $17,673,237.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Evan M. Turtz sold 2,821 shares of Trane Technologies stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $288.33, for a total value of $813,378.93. Following the sale, the senior vice president now directly owns 20,729 shares of the company’s stock, valued at $5,976,792.57. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,237 shares of company stock worth $8,024,534. Company insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. GoalVest Advisory LLC raised its stake 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. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Trane Technologies during the first quarter worth about $27,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Trane Technologies during the first quarter worth about $30,000. BKM Wealth Management LLC purchased a new stake in shares of Trane Technologies in the 4th quarter valued at about $25,000. Finally, Sachetta LLC acquired a new stake in shares of Trane Technologies in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.