Capital Fund Management S.A. Cuts Stock Position in Trane Technologies plc $TT

Key Points

• Capital Fund Management S.A. reduced its stake in Trane Technologies plc by 51.4%, leaving them with 54,618 shares valued at $18.4 million following the sale of 57,716 shares.
• Trane Technologies reported a net margin of 13.76% and $3.88 earnings per share for the last quarter, exceeding analysts' expectations of $3.79 per share.
• The company has a dividend yield of 0.9% and recently announced a quarterly dividend of $0.94 per share, payable on September 30th.

Capital Fund Management S.A. cut its position in Trane Technologies plc (NYSE:TT - Free Report) by 51.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,618 shares of the company's stock after selling 57,716 shares during the quarter. Capital Fund Management S.A.'s holdings in Trane Technologies were worth $18,402,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TT. Brighton Jones LLC raised its stake in shares of Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock valued at $2,288,000 after buying an additional 2,323 shares during the period. MML Investors Services LLC raised its stake in shares of Trane Technologies by 25.0% in the fourth quarter. MML Investors Services LLC now owns 25,960 shares of the company's stock valued at $9,588,000 after buying an additional 5,193 shares during the period. Stifel Financial Corp raised its stake in shares of Trane Technologies by 1.6% during the 4th quarter. Stifel Financial Corp now owns 172,706 shares of the company's stock valued at $63,789,000 after purchasing an additional 2,769 shares during the period. Harvest Investment Services LLC bought a new stake in shares of Trane Technologies during the 4th quarter valued at $537,000. Finally, Alta Advisers Ltd raised its stake in shares of Trane Technologies by 5.6% during the 4th quarter. Alta Advisers Ltd now owns 739 shares of the company's stock valued at $273,000 after purchasing an additional 39 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Price Performance

NYSE TT traded up $1.6490 during trading on Friday, reaching $423.9190. The company's stock had a trading volume of 1,010,344 shares, compared to its average volume of 1,307,055. The stock has a market capitalization of $94.33 billion, a PE ratio of 33.62, a P/E/G ratio of 2.64 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The firm has a fifty day moving average of $435.64 and a 200 day moving average of $393.96. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18.

Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 36.61% and a net margin of 13.76%.The company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $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 EPS 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 issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis 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%.

Analysts Set New Price Targets

A number of analysts recently issued reports on TT shares. The Goldman Sachs Group boosted their price objective on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada boosted their price objective on Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Hsbc Global Res lowered Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. HSBC lowered Trane Technologies from a "buy" rating to a "hold" rating and boosted their price objective for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Finally, UBS Group boosted their price objective on Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Five investment 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. According to data from MarketBeat, the stock presently has a consensus 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.