Trane Technologies plc (TT) To Go Ex-Dividend on September 4th

Trane Technologies plc (NYSE:TT) declared a quarterly dividend on Friday, June 5th. Stockholders of record on Friday, September 4th will be paid a dividend of 1.05 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, September 4th.

Trane Technologies has decreased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 5 years. Trane Technologies has a dividend payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Trane Technologies to earn $17.41 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 24.1%.

Trane Technologies Stock Down 1.1%

TT stock opened at $439.70 on Wednesday. The company’s 50 day moving average price is $471.30 and its 200 day moving average price is $461.00. The firm has a market capitalization of $96.74 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 2.12 and a beta of 1.19. Trane Technologies has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping the consensus estimate of $4.27 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, equities research analysts anticipate that Trane Technologies will post 15.31 EPS for the current fiscal year.

Trane Technologies Company Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.