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Trane Technologies plc (TT - Free Report) puts consistent efforts in increasing its revenue stream and operating efficiency, besides rewarding its shareholders.
The company recently reported fourth-quarter 2021 adjusted EPS of $1.36 that surpassed the Zacks Consensus Estimate by 3.8% and increased 32% year over year. Revenues of $3.6 billion topped the consensus mark by 1.1% but increased 12% year over year.
TT’s shares have declined 22% over the past six months compared with 36% decline of the industry it belongs to.
Trane Technologies continues to pursue its broader growth objectives by focusing on steps to increase its revenue stream from parts, services, controls, used equipment and rentals. Also, the company remains focused on improving the quality of its products and services, along with its operating efficiencies, so as to achieve sustained improvement in earnings and cash flow.
Trane Technologies remains focused on improving its business operating system and innovation through business transformation initiatives and investments. With an aim of lowering its cost structure, the company targets $300 million in annualized savings by 2023.
Trane Technologies puts consistent efforts to reward its shareholders. During 2021, the company repurchased shares for $1.1 billion and paid out dividends totaling $561.8 million. It repurchased shares for $250 million and $750.1 million, and paid out dividends totaling $507.3 million and $15.8 million in 2020 and 2019, respectively. Such moves indicate Trane’s commitment toward boosting shareholders’ value and underline its confidence in its business.
Trane Technologies has more long-term debt outstanding than cash. Cash and cash equivalent balance at the end of fourth-quarter 2021 was $2.2 billion compared with the long-term debt level of $4.5 billion.
Zacks Rank and Stocks to Consider
Trane Technologies currently carries a Zacks Rank #3 (Hold).
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Trane Technologies' (TT) Growth Initiatives Impress, Debt Ails
Trane Technologies plc (TT - Free Report) puts consistent efforts in increasing its revenue stream and operating efficiency, besides rewarding its shareholders.
The company recently reported fourth-quarter 2021 adjusted EPS of $1.36 that surpassed the Zacks Consensus Estimate by 3.8% and increased 32% year over year. Revenues of $3.6 billion topped the consensus mark by 1.1% but increased 12% year over year.
TT’s shares have declined 22% over the past six months compared with 36% decline of the industry it belongs to.
Trane Technologies plc Price
Trane Technologies plc price | Trane Technologies plc Quote
How is Trane Technologies Doing?
Trane Technologies continues to pursue its broader growth objectives by focusing on steps to increase its revenue stream from parts, services, controls, used equipment and rentals. Also, the company remains focused on improving the quality of its products and services, along with its operating efficiencies, so as to achieve sustained improvement in earnings and cash flow.
Trane Technologies remains focused on improving its business operating system and innovation through business transformation initiatives and investments. With an aim of lowering its cost structure, the company targets $300 million in annualized savings by 2023.
Trane Technologies puts consistent efforts to reward its shareholders. During 2021, the company repurchased shares for $1.1 billion and paid out dividends totaling $561.8 million. It repurchased shares for $250 million and $750.1 million, and paid out dividends totaling $507.3 million and $15.8 million in 2020 and 2019, respectively. Such moves indicate Trane’s commitment toward boosting shareholders’ value and underline its confidence in its business.
Trane Technologies has more long-term debt outstanding than cash. Cash and cash equivalent balance at the end of fourth-quarter 2021 was $2.2 billion compared with the long-term debt level of $4.5 billion.
Zacks Rank and Stocks to Consider
Trane Technologies currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are Cross Country Healthcare (CCRN - Free Report) , Clean Harbors (CLH - Free Report) and Nielsen .
Cross Country Healthcare sports a Zacks Rank #1 (Strong Buy). The company has a long-term earnings growth of 21.5%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cross Country Healthcare’s shares have surged 102.1% in the past year. CCRN pulled off a trailing four-quarter earnings surprise of 75%, on average.
Clean Harbors carries a Zacks Rank #2 (Buy). The company has an expected earnings growth rate of 3.4% for 2022.
Clean Harbors delivered a trailing four-quarter earnings surprise of 50.5%, on average. CLH’s shares have jumped 12.8% in the past year.
Nielsen also carries a Zacks Rank #2. The company has an expected earnings growth rate of 2.3% for 2022.
Nielsen delivered a trailing four-quarter earnings surprise of 25.1%, on average. NLSN’s shares have declined 24.1% in the past year.