Sandhill Capital Partners LLC Makes New Investment in Trane Technologies plc $TT

Key Points

• Sandhill Capital Partners LLC purchased 95,567 shares of Trane Technologies plc, valued at approximately $32.2 million, making it 2.6% of their portfolio.
• Trane Technologies has recently seen a range of price target adjustments from analysts, with Citigroup increasing their target from $445.00 to $502.00, indicating a positive market outlook.
• The company declared a quarterly dividend of $0.94 per share, reflecting an annualized dividend yield of 0.9% and a payout ratio of 29.82%.

Sandhill Capital Partners LLC purchased a new stake in Trane Technologies plc (NYSE:TT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 95,567 shares of the company's stock, valued at approximately $32,198,000. Trane Technologies accounts for 2.6% of Sandhill Capital Partners LLC's investment portfolio, making the stock its 18th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in TT. WFA Asset Management Corp lifted its position in Trane Technologies by 208.3% in the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock worth $25,000 after buying an additional 50 shares in the last quarter. Minot DeBlois Advisors LLC bought a new stake in Trane Technologies in the fourth quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $28,000. Opal Wealth Advisors LLC acquired a new position in shares of Trane Technologies in the first quarter valued at approximately $31,000. Finally, Bogart Wealth LLC boosted its holdings in 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 purchasing an additional 46 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Performance

Shares of TT stock traded up $1.6490 on Friday, reaching $423.9190. The stock had a trading volume of 1,010,344 shares, compared to its average volume of 1,307,055. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The stock has a market cap of $94.33 billion, a P/E ratio of 33.62, a price-to-earnings-growth ratio of 2.63 and a beta of 1.09. 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 company has a 50 day simple moving average of $435.64 and a 200 day simple moving average of $393.71.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping 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 business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the company posted $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. Equities research analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group lifted 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. HSBC downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and boosted their price target for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. UBS Group boosted 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. Finally, Stephens upgraded shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price objective on the stock in a research report on Thursday, May 1st. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Trane Technologies 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.