Applied Finance Capital Management LLC Takes Position in Trane Technologies plc $TT

Key Points

• Applied Finance Capital Management LLC acquired 3,108 shares of Trane Technologies plc, valued at approximately $1.36 million, during the second quarter.
• Trane Technologies has a strong earnings performance, reporting $3.88 EPS for the last quarter, beating estimates, and setting FY 2025 guidance at 13.050 EPS.
• The company's quarterly dividend of $0.94 per share will be paid on December 31st, with a yield of 0.9% and a payout ratio of 29.82%.

Applied Finance Capital Management LLC bought a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,108 shares of the company's stock, valued at approximately $1,359,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TT. Ameriflex Group Inc. acquired a new stake in Trane Technologies during the 2nd quarter valued at approximately $28,000. Saudi Central Bank purchased a new position in shares of Trane Technologies during the 1st quarter valued at approximately $30,000. Bogart Wealth LLC grew its position in shares of 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 buying an additional 46 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in shares of Trane Technologies by 46.2% in the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after buying an additional 30 shares during the last quarter. Finally, Pinnacle Bancorp Inc. increased its stake in shares of Trane Technologies by 120.0% in the first quarter. Pinnacle Bancorp Inc. now owns 110 shares of the company's stock worth $37,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

TT has been the topic of a number of research analyst reports. Citigroup reduced their price objective on shares of Trane Technologies from $499.00 to $494.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. Morgan Stanley increased their price target on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Northcoast Research downgraded Trane Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, August 1st. Hsbc Global Res cut Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group increased their target price on Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies presently has a consensus rating of "Hold" and a consensus price target of $464.29.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $416.05 on Friday. The company has a market cap of $92.58 billion, a PE ratio of 32.99, a P/E/G ratio of 2.63 and a beta of 1.12. 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 50-day simple moving average of $417.87 and a 200 day simple moving average of $410.80. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50.

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 analysts' consensus estimates of $3.79 by $0.09. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.Trane Technologies's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, sell-side analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies's dividend payout ratio is presently 29.82%.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the sale, the chief executive officer directly owned 123,713 shares of the company's stock, valued at $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

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.

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