Trane Technologies declares quarterly dividend of $0.67 per share

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Trane Technologies Stock Fair Value – Trane Technologies ($NYSE:TT) is a diversified industrial company that provides products, services and solutions to customers in the HVAC, refrigeration, transportation and building industries. The company’s products and services include air conditioners, furnaces, heat pumps, ventilators, commercial refrigeration systems, transportation refrigeration systems and building automation systems. Trane Technologies has declared a quarterly dividend of $0.67 per share, payable on December 30 to shareholders of record on December.

This dividend is in line with previous quarters and reflects the company’s commitment to returning value to shareholders. The ex-dividend date is December.

Dividends

This dividend brings the total dividends paid for the year to $2.52 per share, an increase from the $2.36 per share paid last year. The dividend yield for 2020 is 1.82%. The company has also announced that the dividend for the second quarter of fiscal 2022, ending June 30, will be $0.67 per share.

The dividend yield for fiscal 2022 is 1.43%. The company has a three-year average dividend yield of 1.59%.

Share Price

On Wednesday, Trane Technologies stock opened at $148.1 and closed at $145.0, down by 1.6% from last closing price of 147.3.

VI Analysis – Trane Technologies Stock Fair Value Calculator

Trane Technologies is a global leader in indoor comfort solutions and services. The company’s products and services include air conditioning, heating, and ventilation systems; building management and control systems; and related parts and services. Trane Technologies is committed to improving the indoor environment for people around the world. The company’s fundamentals reflect its long-term potential. Trane Technologies has a strong balance sheet, with plenty of cash on hand to invest in growth.

The company’s products are in demand, and its customer base is growing. Trane Technologies is a well-positioned leader in a large and growing market. The fair value of Trane Technologies shares is around $152.3, calculated by VI Line. The stock is currently trading at $145.0, a fair price that is undervalued by 5%.

Summary

Trane Technologies is a world leader in creating and sustaining safe, comfortable and efficient indoor environments. This includes providing energy-efficient solutions, products and services for heating, ventilation, air conditioning, refrigeration and building automation. The Board of Directors of Trane Technologies has declared a quarterly dividend of $0.67 per share. Trane Technologies has a long history of paying dividends and is committed to returning value to shareholders.

Investing in Trane Technologies is a smart move for any investor looking for exposure to the HVAC industry. The company is a market leader with a strong brand and a history of consistent dividend growth. Trane Technologies is a great choice for investors looking for income and long-term capital appreciation.