Wealth Preservation Advisors LLC Buys New Holdings in Trane Technologies plc $TT

Key Points

• Wealth Preservation Advisors LLC acquired 676 shares of Trane Technologies plc, valued at approximately $228,000, according to their SEC disclosure.
• Trane Technologies reported $3.88 earnings per share for the latest quarter, exceeding analysts' expectations, with a revenue of $5.75 billion.
• The company recently declared a quarterly dividend of $0.94 per share, representing a 0.9% dividend yield with a payout ratio of 29.82%.

Wealth Preservation Advisors LLC bought a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 676 shares of the company's stock, valued at approximately $228,000.

Other hedge funds also recently modified their holdings of the company. WFA Asset Management Corp boosted its position in shares of Trane Technologies by 208.3% during the first quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after buying an additional 50 shares during the last quarter. Minot DeBlois Advisors LLC purchased a new position in Trane Technologies in the fourth quarter worth $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in Trane Technologies in the fourth quarter worth $28,000. Opal Wealth Advisors LLC purchased a new position in Trane Technologies in the first quarter worth $31,000. Finally, Bogart Wealth LLC boosted its position in Trane Technologies by 97.9% in the first quarter. Bogart Wealth LLC now owns 93 shares of the company's stock worth $31,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Price Performance

NYSE TT traded down $9.15 during trading on Friday, reaching $415.35. The company's stock had a trading volume of 1,278,639 shares, compared to its average volume of 1,056,754. The stock has a market capitalization of $92.42 billion, a PE ratio of 32.94, a P/E/G ratio of 2.59 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. The firm has a fifty day moving average of $435.72 and a 200 day moving average of $396.12. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18.

Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping 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 business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the company earned $3.30 EPS. The company's quarterly revenue 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. Analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on TT. Royal Bank Of Canada boosted their price objective on Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. The Goldman Sachs Group upped their price target on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. UBS Group upped their price target on Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Robert W. Baird upped their price target on Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. boosted their price objective on Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $458.60.

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.