Trane Technologies plc (TT) to Issue Quarterly Dividend of $1.05 on December 31st

Trane Technologies plc (NYSE:TT) announced a quarterly dividend on Wednesday, October 7th. Investors of record on Friday, December 4th will be given a dividend of $1.05 per share on Thursday, December 31st. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, December 4th.

Trane Technologies has decreased its dividend by an average of 0.3%per year 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Trane Technologies to earn $17.57 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 23.9%.

Trane Technologies Trading Up 0.6%

NYSE:TT opened at $469.93 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45. Trane Technologies has a 1-year low of $348.06 and a 1-year high of $505.87. The firm has a market capitalization of $103.40 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 2.18 and a beta of 1.15. The business’s 50-day moving average price is $454.83 and its two-hundred day moving average price is $461.23.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 35.72% and a net margin of 13.28%.Trane Technologies’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, equities analysts expect that Trane Technologies will post 15.3 earnings per share for the current year.

Trane Technologies Company Profile

Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.

The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.