Trane Technologies (TT) to Release Earnings on Wednesday

Trane Technologies (NYSE:TT) is anticipated to announce its Q1 2025 earnings results before the market opens on Wednesday, April 30th. Analysts expect Trane Technologies to post earnings of $2.19 per share and revenue of $4.46 billion for the quarter. Trane Technologies has set its FY 2025 guidance at 12.700-12.900 EPS.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, January 30th. The company reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.09. Trane Technologies had a return on equity of 35.37% and a net margin of 12.94%. On average, analysts expect Trane Technologies to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Trane Technologies Stock Up 1.0 %

TT opened at $351.38 on Tuesday. The business’s fifty day moving average is $342.00 and its two-hundred day moving average is $372.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21. The company has a market cap of $78.81 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 2.50 and a beta of 1.08. Trane Technologies has a one year low of $298.15 and a one year high of $422.00.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $0.94 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $3.76 annualized dividend and a dividend yield of 1.07%. Trane Technologies’s dividend payout ratio is currently 33.42%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TT. Hsbc Global Res upgraded Trane Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday. Citigroup reduced their price objective on Trane Technologies from $476.00 to $415.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. UBS Group reduced their price objective on Trane Technologies from $500.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Barclays reduced their target price on Trane Technologies from $500.00 to $475.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, Melius Research reiterated a “hold” rating and set a $398.00 target price on shares of Trane Technologies in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and an average target price of $405.94.

Insider Transactions at Trane Technologies

In other news, CEO David S. Regnery sold 2,754 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $357.34, for a total value of $984,114.36. Following the sale, the chief executive officer now directly owns 132,969 shares of the company’s stock, valued at approximately $47,515,142.46. This trade represents a 2.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Christopher J. Kuehn sold 770 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $358.39, for a total transaction of $275,960.30. Following the completion of the sale, the chief financial officer now owns 62,221 shares of the company’s stock, valued at approximately $22,299,384.19. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,234 shares of company stock valued at $2,588,102. 0.38% of the stock is owned by insiders.

Hedge Funds Weigh In On Trane Technologies

A hedge fund recently raised its stake in Trane Technologies stock. Brighton Jones LLC grew its holdings in Trane Technologies plc (NYSE:TT) by 60.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,194 shares of the company’s stock after purchasing an additional 2,323 shares during the quarter. Brighton Jones LLC’s holdings in Trane Technologies were worth $2,288,000 as of its most recent filing with the SEC. 82.97% of the stock is currently owned by institutional investors and hedge funds.

About Trane Technologies

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.