Night Squared LP Buys Shares of 19,447 Trane Technologies plc $TT

Key Points

• Night Squared LP has acquired 19,447 shares of Trane Technologies plc valued at approximately $6.55 million, making it the fund's 5th largest position.
• Trane Technologies announced a quarterly dividend of $0.94 per share, with a dividend yield of 0.9%, and has set its FY 2025 guidance at $13.050 EPS.
• The company reported earnings of $3.88 per share for the latest quarter, exceeding analysts' expectations, and generated $5.75 billion in revenue, up 7.6% year-over-year.

Night Squared LP bought a new stake in Trane Technologies plc (NYSE:TT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,447 shares of the company's stock, valued at approximately $6,552,000. Trane Technologies comprises approximately 3.9% of Night Squared LP's holdings, making the stock its 5th biggest holding.

Several other large investors have also recently bought and sold shares of TT. Brighton Jones LLC increased its holdings in 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 buying an additional 2,323 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Trane Technologies in the fourth quarter valued at $377,000. Rehmann Capital Advisory Group boosted its stake in Trane Technologies by 17.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,090 shares of the company's stock valued at $403,000 after acquiring an additional 162 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Trane Technologies by 201.0% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 260,275 shares of the company's stock valued at $96,133,000 after acquiring an additional 173,811 shares in the last quarter. Finally, Wahed Invest LLC boosted its stake in Trane Technologies by 1.5% in the fourth quarter. Wahed Invest LLC now owns 5,580 shares of the company's stock valued at $2,061,000 after acquiring an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Performance

Shares of TT traded down $4.73 during mid-day trading on Tuesday, hitting $410.87. 1,300,229 shares of the company's stock were exchanged, compared to its average volume of 994,618. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The firm has a market capitalization of $91.42 billion, a P/E ratio of 33.76, a P/E/G ratio of 2.59 and a beta of 1.10. The business's 50 day moving average is $435.48 and its two-hundred day moving average is $396.73. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 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 net margin of 13.76% and a return on equity of 36.61%. The firm's revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, equities analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current 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 $0.94 dividend. 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 dividend payout ratio (DPR) is presently 29.82%.

Wall Street Analyst Weigh In

TT has been the subject of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Wells Fargo & Company upped their price objective on shares of Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada upped their price objective on shares of Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Morgan Stanley upped their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, UBS Group upped their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Trane Technologies currently has an average rating of "Hold" and a consensus price target of $458.60.

Trane Technologies 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.