Trane Technologies plc (NYSE:TT) to Issue $1.05 Quarterly Dividend

Posted by on Jun 5th, 2026

Trane Technologies plc (NYSE:TT – Get Free Report) announced a quarterly dividend on Friday, June 5th. Investors of record on Friday, September 4th will be given a dividend of 1.05 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, September 4th.

Trane Technologies has decreased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 5 consecutive 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 $16.77 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 25.0%.

Trane Technologies Stock Down 1.6%

TT traded down $7.25 during trading on Friday, reaching $456.51. 1,208,776 shares of the stock traded hands, compared to its average volume of 1,507,770. The stock has a market cap of $100.91 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.15 and a beta of 1.20. Trane Technologies has a fifty-two week low of $348.06 and a fifty-two week high of $503.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.10 and a quick ratio of 0.77. The stock’s 50-day simple moving average is $458.41 and its two-hundred day simple moving average is $431.16.

Trane Technologies (NYSE:TT – Get Free Report) last released its quarterly earnings data on Friday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.10. The firm had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.45 earnings per share. As a group, equities research analysts expect that Trane Technologies will post 14.88 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on TT shares. Barclays lifted their price objective on Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Royal Bank Of Canada lifted their price objective on Trane Technologies from $440.00 to $501.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their price objective on Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Citigroup lifted their price objective on Trane Technologies from $525.00 to $570.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, BNP Paribas Exane started coverage on Trane Technologies in a research report on Tuesday, April 14th. They set an “outperform” rating and a $550.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $506.56.

Check Out Our Latest Stock Report on TT

Trane Technologies Company Profile

(Get Free Report)

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.

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Dividend History for Trane Technologies (NYSE:TT)

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