Alamea Verwaltungs GmbH Takes $648,000 Position in Trane Technologies plc $TT

Key Points

• Alamea Verwaltungs GmbH has invested approximately $648,000 in Trane Technologies plc, acquiring 1,924 shares which represents 0.6% of their total holdings.
• Trane Technologies' stock has received mixed ratings from analysts, with an average rating of "Hold" and a target price of $458.60 following updates from major firms.
• The company has declared a quarterly dividend of $0.94 per share, indicating a 0.9% dividend yield, to be paid to stockholders on September 30th.

Alamea Verwaltungs GmbH acquired a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,924 shares of the company's stock, valued at approximately $648,000. Trane Technologies makes up 0.6% of Alamea Verwaltungs GmbH's investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Saudi Central Bank acquired a new stake in Trane Technologies during the first quarter valued at approximately $30,000. Night Squared LP acquired a new stake in Trane Technologies during the first quarter valued at approximately $6,552,000. Second Line Capital LLC bought a new position in shares of Trane Technologies in the first quarter valued at approximately $351,000. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Trane Technologies by 40.6% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,181 shares of the company's stock valued at $398,000 after acquiring an additional 341 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in shares of Trane Technologies by 32.2% in the first quarter. Vident Advisory LLC now owns 9,917 shares of the company's stock valued at $3,341,000 after acquiring an additional 2,415 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the completion of the sale, the chief executive officer owned 123,713 shares in the company, valued at approximately $50,722,330. The trade was a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TT shares. Northcoast Research cut shares of Trane Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, August 1st. HSBC cut shares of Trane Technologies from a "buy" rating to a "hold" rating and lifted their target price for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Barclays lifted their target price on shares of Trane Technologies from $480.00 to $495.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada lifted their target price 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. 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. According to MarketBeat.com, Trane Technologies has an average rating of "Hold" and a consensus target price of $458.60.

Trane Technologies Trading Down 0.7%

Shares of Trane Technologies stock traded down $2.91 on Wednesday, hitting $408.02. 2,298,470 shares of the company's stock traded hands, compared to its average volume of 994,618. The firm's 50-day moving average price is $435.12 and its two-hundred day moving average price is $396.83. The stock has a market capitalization of $90.79 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 2.59 and a beta of 1.10. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. 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 issued its earnings results on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.79 by $0.09. The company had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, research analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

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

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.