Quadcap Wealth Management LLC Sells 127 Shares of Trane Technologies plc $TT

Quadcap Wealth Management LLC trimmed its position in shares of Trane Technologies plc (NYSE:TT) by 6.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,939 shares of the company’s stock after selling 127 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Trane Technologies were worth $653,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TT. WFA Asset Management Corp raised its position in shares of Trane Technologies by 208.3% during the first quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock worth $25,000 after purchasing an additional 50 shares during the period. Minot DeBlois Advisors LLC acquired a new position in shares of Trane Technologies during the fourth quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Trane Technologies during the fourth quarter worth approximately $28,000. Opal Wealth Advisors LLC acquired a new position in shares of Trane Technologies during the first quarter worth approximately $31,000. Finally, Bogart Wealth LLC raised 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 purchasing an additional 46 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Stock Up 1.6%

Shares of NYSE:TT opened at $426.27 on Wednesday. The company has a market capitalization of $94.85 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.61 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The business has a fifty day moving average price of $435.59 and a two-hundred day moving average price of $394.88. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.09. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

TT has been the topic of a number of research reports. The Goldman Sachs Group upped their target price on Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and increased their price target for the company from $415.00 to $460.00 in a research report on Thursday, July 31st. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Stephens raised Trane Technologies from an “equal weight” rating to an “overweight” rating and set a $475.00 price target for the company in a research report on Thursday, May 1st. Finally, Barclays increased their price target on Trane Technologies from $480.00 to $495.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies has an average rating of “Hold” and an average target price of $458.60.

Trane Technologies Company 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.