The industry with the best average Zacks Rank would be considered the top industry , which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank. One share of TT stock can currently be purchased for approximately $185.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Trane Technologies announced a quarterly dividend on Thursday, April 6th. Investors of record on Friday, June 2nd will be paid a dividend of $0.75 per share on Friday, June 30th. This represents a $3.00 annualized dividend and a yield of 1.61%. Trane Technologies has received a consensus rating of Hold.

There may be delays, omissions, or inaccuracies in the Information. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum.

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Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Trane Technologies and its competitors with MarketBeat’s FREE daily newsletter. 81.47% of the stock of Trane Technologies is held by institutions.

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Its EMEA segment innovates for customers in the Europe, Middle East and Africa region and includes heating and cooling systems, services and solutions for commercial buildings, and transport refrigeration systems and solutions. Its Asia Pacific segment innovates for customers throughout the Asia Pacific region and includes heating and cooling systems, services and solutions for commercial buildings, and transport refrigeration systems and solutions. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.27% per year.

Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price.

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The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Trane Technologies reported Q3 EPS of $2.27, $0.16 better than the analyst estimate of $2.11.

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Based on earnings estimates, Trane Technologies will have a dividend payout ratio of 33.41% next year. This indicates that Trane Technologies will be able to sustain or increase its dividend. Trane Technologies has a short interest ratio (“days to cover”) of 2.3, which is generally considered an acceptable ratio of short interest to trading volume. Trane Technologies shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. – U.S. equities were higher at the close on Tuesday, as gains in the Oil & Gas, Basic Materials and Industrials sectors propelled shares higher.

High institutional ownership can be a signal of strong trust in this company. In the past three months, Trane Technologies insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,007,750.00 in company stock. Only 3 people have added Trane Technologies to their MarketBeat watchlist in the last 30 days.

Analyst Forecast

TT and IBP made it to the Zacks Rank #1 income stocks list on February 23, 2023. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

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Earnings for Trane Technologies are expected to grow by 7.80% in the coming year, from $8.33 to $8.98 per share. 17 people have searched for TT on MarketBeat in the last 30 days. This is an increase of 113% compared to the previous 30 days.

According to 17 analysts, the average rating for TT stock is “Hold.” The 12-month stock price forecast is $181.47, which is a decrease of -2.34% from the latest price. Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow.

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These returns cover a period from January 1, 1988 through April 3, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 . This news sentiment score is similar to the average news sentiment of Business Services companies. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Real-time analyst ratings, insider transactions, earnings data, and more.

Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.15… © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Get MarketBeat All Access Free for 30 DaysJoin thousands of other investors who make better investing decisions with our premium tools. Access advanced stock screeners, portfolio monitoring tools, proprietary research reports, and more.

The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.

Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Trane Technologies saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 3,700,000 shares, an increase of 25.0% from the March 31st total of 2,960,000 shares.

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The consensus among Wall Street analysts is that investors should “hold” TT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TT, but not buy additional shares or sell existing shares. Through its brands, such as Trane and Thermo King, and its portfolio of products and services, it brings climate solutions to buildings, homes, and transportation. Its Americas segment innovates for customers in North America and Latin America and includes commercial heating and cooling systems, building controls, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions.


This is a decrease of -25% compared to the previous 30 days. MarketBeat has tracked 20 news articles for Trane Technologies this week, compared to 7 articles on an average week. This payout ratio is at a healthy, sustainable level, below 75%. Trane Technologies pays a meaningful dividend of 1.62%, higher than the bottom 25% of all stocks that pay dividends. According to analysts’ consensus price target of $181.61, Trane Technologies has a forecasted downside of 2.3% from its current price of $185.81.