Aspire Growth Partners LLC Takes $929,000 Position in Trane Technologies plc $TT

Key Points

• Aspire Growth Partners LLC has acquired a new position in Trane Technologies plc, purchasing 2,758 shares for approximately $929,000.
• Trane Technologies reported earnings per share of $3.88 for the last quarter, exceeding estimates, and forecasted 12.83 EPS for the current fiscal year.
• The company will pay a quarterly dividend of $0.94 on September 30th, representing an annualized dividend yield of 0.9%.

Aspire Growth Partners LLC bought a new stake in Trane Technologies plc (NYSE:TT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,758 shares of the company's stock, valued at approximately $929,000.

Other institutional investors also recently modified their holdings of the company. CWA Asset Management Group LLC boosted its position in shares of Trane Technologies by 19.2% in the first quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company's stock valued at $382,000 after acquiring an additional 183 shares during the period. Ethic Inc. lifted its position in Trane Technologies by 150.1% during the fourth quarter. Ethic Inc. now owns 24,883 shares of the company's stock worth $9,190,000 after purchasing an additional 14,932 shares during the period. Brighton Jones LLC lifted its position in Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock worth $2,288,000 after purchasing an additional 2,323 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Trane Technologies by 495.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,252 shares of the company's stock worth $1,433,000 after purchasing an additional 3,538 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Trane Technologies by 13.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,141 shares of the company's stock worth $3,417,000 after purchasing an additional 1,198 shares during the period. Institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Down 0.1%

Shares of NYSE TT opened at $428.3990 on Wednesday. The stock has a 50-day moving average price of $435.55 and a two-hundred day moving average price of $392.58. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a market cap of $95.32 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.67 and a beta of 1.09.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the prior year, the firm posted $3.30 earnings per share. The firm's 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. As a group, analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

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 paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. Trane Technologies's dividend payout ratio is currently 29.82%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TT. UBS Group upped their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. HSBC cut shares of Trane Technologies from a "buy" rating to a "hold" rating and upped their price objective for the stock from $415.00 to $460.00 in a research report on Thursday, July 31st. Royal Bank Of Canada upped their price objective on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Barclays upped their price objective on shares of Trane Technologies from $480.00 to $495.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $458.60.

About Trane Technologies

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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