Partners Capital Investment Group LLP Makes New Investment in Trane Technologies plc $TT

Key Points

• Partners Capital Investment Group LLP has acquired a new position in Trane Technologies plc, purchasing 1,059 shares valued at approximately $357,000.
• Trane Technologies reported $3.88 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $3.79, and set a full-year 2025 EPS guidance of 13.050.
• The company will pay a quarterly dividend of $0.94 per share on September 30, representing an annualized dividend yield of 0.9%.

Partners Capital Investment Group LLP bought a new stake in Trane Technologies plc (NYSE:TT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,059 shares of the company's stock, valued at approximately $357,000.

A number of other large investors also recently modified their holdings of TT. Brighton Jones LLC lifted its holdings in shares of Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock valued at $2,288,000 after purchasing an additional 2,323 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Trane Technologies by 25.0% in the fourth quarter. MML Investors Services LLC now owns 25,960 shares of the company's stock valued at $9,588,000 after purchasing an additional 5,193 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Trane Technologies by 4.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,258,480 shares of the company's stock worth $464,820,000 after buying an additional 55,515 shares during the last quarter. MGO One Seven LLC boosted its stake in shares of Trane Technologies by 1.5% in the 4th quarter. MGO One Seven LLC now owns 2,818 shares of the company's stock worth $1,041,000 after buying an additional 42 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Trane Technologies by 35.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 6,140 shares of the company's stock worth $2,268,000 after buying an additional 1,620 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Trane Technologies Price Performance

Shares of TT traded up $1.6490 during midday trading on Friday, hitting $423.9190. 1,010,344 shares of the company traded hands, compared to its average volume of 1,297,816. The stock has a 50-day moving average of $435.64 and a 200-day moving average of $394.22. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. The firm has a market cap of $94.33 billion, a P/E ratio of 33.62, a PEG ratio of 2.64 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.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.77 billion. During the same period in the prior year, the business posted $3.30 earnings per share. The company's revenue was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, sell-side analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Trane Technologies from $480.00 to $495.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. HSBC downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and increased their target price for the company from $415.00 to $460.00 in a research report on Thursday, July 31st. Wells Fargo & Company increased their target price on shares of Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. increased their target price on shares of Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, The Goldman Sachs Group increased their target price on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Trane Technologies currently has an average rating of "Hold" and an average target price of $458.60.

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.