Prescott Group Capital Management L.L.C. Acquires 381 Shares of Trane Technologies plc $TT

Prescott Group Capital Management L.L.C. grew its holdings in Trane Technologies plc (NYSE:TT) by 48.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,161 shares of the company’s stock after buying an additional 381 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Trane Technologies were worth $508,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TT. Acadian Asset Management LLC boosted its position in Trane Technologies by 670.6% during the second quarter. Acadian Asset Management LLC now owns 258,731 shares of the company’s stock worth $113,159,000 after purchasing an additional 225,155 shares during the period. Sound View Wealth Advisors Group LLC lifted its stake in shares of Trane Technologies by 20.2% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 888 shares of the company’s stock worth $388,000 after buying an additional 149 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Trane Technologies by 147.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,393 shares of the company’s stock worth $33,852,000 after buying an additional 46,170 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Trane Technologies by 7.6% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 439,077 shares of the company’s stock valued at $192,025,000 after buying an additional 31,059 shares during the last quarter. Finally, Freemont Management S.A. raised its holdings in Trane Technologies by 29.3% in the 2nd quarter. Freemont Management S.A. now owns 5,300 shares of the company’s stock valued at $2,318,000 after acquiring an additional 1,200 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TT. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Morgan Stanley lifted 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. JPMorgan Chase & Co. boosted their price target on Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and increased their price objective for the stock from $415.00 to $460.00 in a research report on Thursday, July 31st. Finally, UBS Group boosted their target price on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Six research 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $466.50.

Trane Technologies Stock Performance

NYSE:TT opened at $434.01 on Friday. The company has a market cap of $96.24 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 2.66 and a beta of 1.16. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. 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 stock has a fifty day moving average price of $418.82 and a 200-day moving average price of $422.66.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter last year, the business earned $3.37 earnings per share. Trane Technologies’s revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, equities analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a $0.94 dividend. The ex-dividend date is Friday, December 5th. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s payout ratio is presently 28.92%.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the firm’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 sale, the chief executive officer owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total value of $264,000.00. Following the completion of the transaction, the chief accounting officer owned 7,148 shares in the company, valued at approximately $3,145,120. The trade was a 7.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.14% of the company’s stock.

About Trane Technologies

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.