Caitlin John LLC Cuts Position in Trane Technologies plc $TT

Key Points

• Caitlin John LLC sold 2,852 shares of Trane Technologies plc, reducing its stake by 61% and now holding 1,824 shares valued at $615,000.
• Multiple institutional investors increased their holdings in Trane Technologies during the first quarter, with Groupe la Francaise growing its stake by 283.9%.
• Trane Technologies announced a quarterly dividend of $0.94 per share, reflecting a 0.9% dividend yield and a payout ratio of 29.82%.

Caitlin John LLC lessened its position in Trane Technologies plc (NYSE:TT - Free Report) by 61.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,824 shares of the company's stock after selling 2,852 shares during the period. Caitlin John LLC's holdings in Trane Technologies were worth $615,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWA Asset Management Group LLC grew its stake in shares of Trane Technologies by 19.2% during the 1st quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company's stock worth $382,000 after purchasing an additional 183 shares during the period. Ethic Inc. grew its stake in shares of Trane Technologies by 150.1% during the 4th 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 grew its stake in Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock valued at $2,288,000 after acquiring an additional 2,323 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Trane Technologies by 495.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,252 shares of the company's stock valued at $1,433,000 after acquiring an additional 3,538 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Trane Technologies by 13.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,141 shares of the company's stock valued at $3,417,000 after acquiring an additional 1,198 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Trading Up 0.3%

Shares of TT stock traded up $1.09 during trading hours on Thursday, hitting $425.28. 365,725 shares of the company were exchanged, compared to its average volume of 1,442,103. The firm has a market cap of $94.63 billion, a PE ratio of 33.73, a PEG ratio of 2.66 and a beta of 1.09. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average of $435.69 and a 200 day moving average of $395.09.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The company's revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The business 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 dividend of $0.94 per share. This represents a $3.76 annualized dividend 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Northcoast Research cut shares of Trane Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, August 1st. Citigroup upped their target price on shares of Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a report on Monday, July 14th. The Goldman Sachs Group upped their target price on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Barclays upped their target price on shares of Trane Technologies from $480.00 to $495.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Stephens upgraded shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 target price on the stock in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Trane Technologies presently has an average rating of "Hold" and an average price target 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.