Vermillion & White Wealth Management Group LLC Has $118,000 Position in Trane Technologies plc $TT

Vermillion & White Wealth Management Group LLC increased its position in shares of Trane Technologies plc (NYSE:TT) by 366.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 350 shares of the company’s stock after purchasing an additional 275 shares during the period. Vermillion & White Wealth Management Group LLC’s holdings in Trane Technologies were worth $118,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TT. Nuveen LLC acquired a new stake in Trane Technologies during the 1st quarter worth approximately $877,468,000. GAMMA Investing LLC raised its holdings in Trane Technologies by 35,458.2% in the 1st quarter. GAMMA Investing LLC now owns 2,015,792 shares of the company’s stock valued at $679,161,000 after acquiring an additional 2,010,123 shares in the last quarter. Wellington Management Group LLP raised its holdings in Trane Technologies by 245.1% in the 1st quarter. Wellington Management Group LLP now owns 2,144,405 shares of the company’s stock valued at $722,493,000 after acquiring an additional 1,522,933 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Trane Technologies by 9.8% in the 1st quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company’s stock valued at $5,297,235,000 after acquiring an additional 1,408,421 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in Trane Technologies by 27.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,915,630 shares of the company’s stock valued at $645,343,000 after acquiring an additional 410,734 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TT. UBS Group lifted their price objective on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. lifted their price objective on Trane Technologies from $334.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Stephens raised Trane Technologies from an “equal weight” rating to an “overweight” rating and set a $475.00 price objective for the company in a report on Thursday, May 1st. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and lifted their price objective for the company from $415.00 to $460.00 in a report on Thursday, July 31st. Finally, The Goldman Sachs Group lifted their price objective on Trane Technologies from $416.00 to $460.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies currently has an average rating of “Hold” and a consensus target price of $458.60.

Trane Technologies Trading Up 0.2%

Shares of TT opened at $424.92 on Friday. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The business’s fifty day moving average is $435.80 and its 200-day moving average is $395.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The firm has a market cap of $94.55 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.64 and a beta of 1.09.

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

Trane Technologies Announces Dividend

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

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.