RFG Advisory LLC Raises Holdings in Trane Technologies plc $TT

RFG Advisory LLC grew its position in shares of Trane Technologies plc (NYSE:TT) by 16.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 876 shares of the company’s stock after purchasing an additional 122 shares during the quarter. RFG Advisory LLC’s holdings in Trane Technologies were worth $383,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in TT. Ameriflex Group Inc. purchased a new position in shares of Trane Technologies during the second quarter worth about $28,000. Saudi Central Bank purchased a new position in shares of Trane Technologies during the first quarter worth about $30,000. Bogart Wealth LLC grew its holdings 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 last quarter. Tradewinds Capital Management LLC grew its holdings in shares of Trane Technologies by 46.2% during the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock worth $32,000 after buying an additional 30 shares during the last quarter. Finally, Pinnacle Bancorp Inc. grew its holdings in shares of Trane Technologies by 120.0% during the first quarter. Pinnacle Bancorp Inc. now owns 110 shares of the company’s stock worth $37,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Price Performance

Shares of TT opened at $416.31 on Friday. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The stock’s 50 day moving average is $417.59 and its two-hundred day moving average is $411.75. The firm has a market capitalization of $92.63 billion, a PE ratio of 33.01, a P/E/G ratio of 2.58 and a beta of 1.12. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, beating 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 analyst estimates of $5.77 billion. During the same quarter in the previous year, the company earned $3.30 EPS. The firm’s revenue for the quarter 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. Research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies’s payout ratio is currently 29.82%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TT shares. Morgan Stanley raised their price target on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Barclays lowered their price target on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating on the stock in a report on Tuesday, September 16th. UBS Group raised their price target on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Finally, Citigroup lowered their price objective on Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $464.29.

Insider Activity

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the transaction, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. The trade was a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

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.