Focus Partners Advisor Solutions LLC Increases Stock Position in Trane Technologies plc $TT

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Trane Technologies plc by 26.6%, now owning 5,652 shares valued at approximately $2.47 million.
• Trane Technologies recently announced a quarterly dividend of $0.94, which will be paid to shareholders on December 31st, indicating a dividend yield of 0.9%.
• Analysts have generally rated Trane Technologies as a "Hold" with an average price target of $464.29, while several brokerages have revised their price targets for the stock in recent months.

Focus Partners Advisor Solutions LLC grew its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 26.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,652 shares of the company's stock after buying an additional 1,187 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Trane Technologies were worth $2,472,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TT. Ameriflex Group Inc. purchased a new stake in Trane Technologies during the 2nd quarter worth $28,000. Saudi Central Bank purchased a new stake in Trane Technologies during the 1st quarter worth $30,000. Bogart Wealth LLC boosted its position in Trane Technologies by 97.9% during the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company's stock worth $31,000 after purchasing an additional 46 shares during the period. Tradewinds Capital Management LLC boosted its position in 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 during the period. Finally, Olde Wealth Management LLC purchased a new stake in Trane Technologies during the 1st quarter worth $37,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TT. Wells Fargo & Company upped their price target on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an "underweight" rating in a research report on Monday, October 6th. Robert W. Baird boosted their price objective on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Morgan Stanley boosted their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Barclays cut their price objective on shares of Trane Technologies from $495.00 to $485.00 and set an "overweight" rating on the stock in a report on Tuesday, September 16th. Finally, Citigroup cut their price objective on shares of Trane Technologies from $499.00 to $494.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Trane Technologies presently has a consensus rating of "Hold" and an average price target of $464.29.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the sale, the chief executive officer owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $425.81 on Friday. The firm has a market cap of $94.75 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12. The firm's 50-day simple moving average is $416.36 and its 200-day simple moving average is $415.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating 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 net margin of 13.76% and a return on equity of 36.61%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid 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, December 5th. Trane Technologies's dividend payout ratio is 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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