Trane (NYSE:TT) had its price target increased by Royal Bank of Canada from $81.00 to $97.00 in a research report sent to investors on Thursday, BenzingaRatingsTable reports. They currently have a sector perform rating on the stock.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Trane from a sell rating to a hold rating in a research note on Wednesday, June 17th. Cowen downgraded shares of Trane from an outperform rating to a market perform rating and reduced their price target for the company from $107.00 to $85.00 in a research note on Thursday, May 14th. Deutsche Bank reduced their price target on shares of Trane from $95.00 to $86.00 and set a hold rating on the stock in a research note on Wednesday, May 6th. Barclays boosted their price target on shares of Trane from $102.00 to $120.00 and gave the company an overweight rating in a research note on Thursday. Finally, Cleveland Research began coverage on shares of Trane in a research note on Friday, April 24th. They issued a neutral rating on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $102.79.

Shares of TT stock opened at $111.87 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.66 and a debt-to-equity ratio of 0.77. The stock’s 50-day moving average price is $94.48. Trane has a 12 month low of $70.00 and a 12 month high of $146.85. The stock has a market capitalization of $26.78 billion, a P/E ratio of 28.18 and a beta of 1.36.

Trane (NYSE:TT) last issued its earnings results on Wednesday, July 29th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.50. Trane had a net margin of 6.76% and a return on equity of 18.82%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.77 billion. The firm’s revenue for the quarter was down 14.3% compared to the same quarter last year. As a group, analysts anticipate that Trane will post 3.13 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, September 3rd. Trane’s dividend payout ratio (DPR) is currently 33.28%.

In other Trane news, SVP Keith A. Sultana sold 1,314 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $101.35, for a total transaction of $133,173.90. Following the completion of the transaction, the senior vice president now owns 22,317 shares in the company, valued at approximately $2,261,827.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.92% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cardan Capital Partners LLC grew its holdings in Trane by 0.7% during the 2nd quarter. Cardan Capital Partners LLC now owns 32,176 shares of the company’s stock worth $2,863,000 after acquiring an additional 222 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. acquired a new position in Trane during the 1st quarter worth approximately $25,000. OLD Second National Bank of Aurora grew its holdings in Trane by 66.7% during the 2nd quarter. OLD Second National Bank of Aurora now owns 750 shares of the company’s stock worth $67,000 after acquiring an additional 300 shares in the last quarter. Solstein Capital LLC acquired a new position in Trane during the 1st quarter worth approximately $25,000. Finally, Global Retirement Partners LLC acquired a new position in Trane during the 1st quarter worth approximately $25,000. Institutional investors own 79.59% of the company’s stock.

About Trane

Ingersoll-Rand Plc designs, manufactures, sells, and services industrial and commercial products. The company operates through Climate and Industrial segments. The Climate segment offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality; industrial refrigeration; motor replacements; refrigerant reclamation; thermostats/controls; transport heater products; and water source heat pumps.

Further Reading: What is the balance sheet?

Analyst Recommendations for Trane (NYSE:TT)

Receive News & Ratings for Trane Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trane and related companies with MarketBeat.com's FREE daily email newsletter.