1,059 Shares in Trane Technologies plc $TT Bought by Partners Capital Investment Group LLP

Partners Capital Investment Group LLP bought a new position in shares of Trane Technologies plc (NYSE:TT) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 1,059 shares of the company’s stock, valued at approximately $357,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WFA Asset Management Corp lifted its stake in shares of Trane Technologies by 208.3% in the first quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock worth $25,000 after acquiring an additional 50 shares during the period. Minot DeBlois Advisors LLC acquired a new position in shares of Trane Technologies in the 4th quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Trane Technologies in the 4th quarter worth approximately $28,000. Opal Wealth Advisors LLC bought a new stake in shares of Trane Technologies in the 1st quarter valued at $31,000. Finally, Bogart Wealth LLC increased its position in shares of Trane Technologies by 97.9% during the first quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Trading Down 0.8%

Shares of Trane Technologies stock opened at $422.72 on Friday. The stock has a market capitalization of $94.06 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 2.66 and a beta of 1.09. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The stock has a 50 day moving average price of $435.58 and a two-hundred day moving average price of $393.24. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10.

Trane Technologies (NYSE:TT) last issued its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same period last year, the business earned $3.30 EPS. Trane Technologies’s quarterly revenue was up 7.6% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, equities analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 5th. Trane Technologies’s dividend payout ratio (DPR) is currently 29.82%.

Analyst Ratings Changes

Several equities analysts recently issued reports on TT shares. Northcoast Research lowered shares of Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Robert W. Baird boosted their price objective on Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Stephens upgraded Trane Technologies from an “equal weight” rating to an “overweight” rating and set a $475.00 target price on the stock in a research report on Thursday, May 1st. Royal Bank Of Canada lifted their target price on Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, Citigroup increased their price target on Trane Technologies from $445.00 to $502.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $458.60.

Trane Technologies Profile

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.