CreativeOne Wealth LLC Has $308,000 Position in Trane Technologies plc $TT

Key Points

• CreativeOne Wealth LLC reduced its stake in Trane Technologies plc by 55.1%, holding 915 shares valued at $308,000 at the end of the reporting period.
• Trane Technologies reported $3.88 earnings per share for its last quarterly earnings, surpassing expectations of $3.79, while the company's revenue was $5.75 billion.
• The company declared a quarterly dividend of $0.94, which will be paid on September 30th, reflecting an annualized dividend yield of 0.9%.

CreativeOne Wealth LLC lessened its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 55.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 915 shares of the company's stock after selling 1,122 shares during the period. CreativeOne Wealth LLC's holdings in Trane Technologies were worth $308,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Trane Technologies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 19,456,776 shares of the company's stock valued at $6,555,377,000 after acquiring an additional 221,206 shares during the period. JPMorgan Chase & Co. increased its stake in Trane Technologies by 9.8% during the 1st quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company's stock valued at $5,297,235,000 after purchasing an additional 1,408,421 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Trane Technologies by 7.2% during the 1st quarter. Ameriprise Financial Inc. now owns 3,585,300 shares of the company's stock valued at $1,208,044,000 after purchasing an additional 241,910 shares in the last quarter. Nuveen LLC bought a new stake in Trane Technologies during the 1st quarter valued at $877,468,000. Finally, Northern Trust Corp increased its stake in Trane Technologies by 0.7% during the 1st quarter. Northern Trust Corp now owns 2,584,819 shares of the company's stock valued at $870,877,000 after purchasing an additional 17,292 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $410.87 on Wednesday. The company's 50-day moving average is $435.12 and its 200 day moving average is $396.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The company has a market capitalization of $91.42 billion, a P/E ratio of 32.58, a price-to-earnings-growth ratio of 2.59 and a beta of 1.10. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly 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 company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, equities research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 of this dividend is Friday, September 5th. Trane Technologies's payout ratio is 29.82%.

Analyst Ratings Changes

TT has been the subject of a number of recent research reports. HSBC lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and boosted their price target for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Wells Fargo & Company boosted their price target on shares of Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Robert W. Baird boosted their price target on shares of Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Citigroup upped their target price on shares of Trane Technologies from $445.00 to $502.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Barclays upped their target price on shares of Trane Technologies from $480.00 to $495.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. 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. Based on data from MarketBeat.com, Trane Technologies presently has a consensus rating of "Hold" and a consensus target price 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.

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