CW Advisors LLC Buys 2,144 Shares of Trane Technologies plc $TT

Key Points

• CW Advisors LLC increased its holdings in Trane Technologies plc by 107.6%, now owning 4,136 shares valued at approximately $1.4 million.
• Several hedge funds have also increased their investments in Trane Technologies, with institutional investors currently owning 82.97% of the company's stock.
• Analysts have mixed opinions, with five rating the stock as a Buy and a consensus rating of Hold, alongside a current average target price of $458.60.

CW Advisors LLC increased its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 107.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,136 shares of the company's stock after purchasing an additional 2,144 shares during the period. CW Advisors LLC's holdings in Trane Technologies were worth $1,408,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Csenge Advisory Group boosted its stake in shares of Trane Technologies by 0.6% in the first quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock valued at $1,314,000 after buying an additional 25 shares during the period. Fiera Capital Corp boosted its position in Trane Technologies by 1.4% during the first quarter. Fiera Capital Corp now owns 1,930 shares of the company's stock valued at $650,000 after acquiring an additional 27 shares during the last quarter. Bingham Private Wealth LLC boosted its position in Trane Technologies by 3.2% during the first quarter. Bingham Private Wealth LLC now owns 944 shares of the company's stock valued at $318,000 after acquiring an additional 29 shares during the last quarter. Tradewinds Capital Management LLC boosted its position in shares of Trane Technologies by 46.2% during the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after purchasing an additional 30 shares in the last quarter. Finally, Smith Group Asset Management LLC boosted its position in shares of Trane Technologies by 1.2% during the 1st quarter. Smith Group Asset Management LLC now owns 2,610 shares of the company's stock worth $879,000 after purchasing an additional 30 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TT shares. Hsbc Global Res lowered shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Morgan Stanley increased their target price on shares of Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Citigroup raised their price objective on shares of Trane Technologies from $445.00 to $502.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Wells Fargo & Company raised their price objective on shares of Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Finally, Robert W. Baird raised their price target on shares of Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $458.60.

Trane Technologies Trading Down 1.0%

NYSE:TT opened at $419.7770 on Tuesday. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. 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 company's 50-day simple moving average is $435.50 and its 200 day simple moving average is $394.66. The firm has a market capitalization of $93.40 billion, a P/E ratio of 33.29, a PEG ratio of 2.64 and a beta of 1.09.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the previous year, the firm posted $3.30 earnings per share. Trane Technologies's quarterly revenue was up 7.6% on a year-over-year basis. 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 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced 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. 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 currently 29.82%.

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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