Trane Technologies plc $TT Shares Acquired by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Trane Technologies plc by 30.6% during the first quarter, holding a total of 8,020 shares valued at approximately $2.7 million.
• Trane Technologies reported $3.88 earnings per share for the last quarter, exceeding analyst expectations of $3.79, while revenue reached $5.75 billion.
• The company recently announced a quarterly dividend of $0.94 per share, translating to an annualized dividend yield of 0.9%.

Fuller & Thaler Asset Management Inc. raised its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 30.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,020 shares of the company's stock after purchasing an additional 1,880 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Trane Technologies were worth $2,702,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TT. Csenge Advisory Group lifted its position in shares of Trane Technologies by 0.6% during the first quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock worth $1,314,000 after purchasing an additional 25 shares during the last quarter. Fiera Capital Corp lifted its position in shares of Trane Technologies by 1.4% during the first quarter. Fiera Capital Corp now owns 1,930 shares of the company's stock worth $650,000 after purchasing an additional 27 shares during the last quarter. Bingham Private Wealth LLC lifted its position in shares of Trane Technologies by 3.2% during the first quarter. Bingham Private Wealth LLC now owns 944 shares of the company's stock worth $318,000 after purchasing an additional 29 shares during the last quarter. Tradewinds Capital Management LLC lifted its position in shares of Trane Technologies by 46.2% during the first 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 last quarter. Finally, Smith Group Asset Management LLC lifted its position in shares of Trane Technologies by 1.2% during the first 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 during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Stock Performance

Shares of NYSE:TT traded up $1.6490 during trading hours on Friday, hitting $423.9190. The stock had a trading volume of 1,010,344 shares, compared to its average volume of 1,307,055. The stock's fifty day simple moving average is $435.64 and its 200 day simple moving average is $393.96. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. The firm has a market capitalization of $94.33 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 2.64 and a beta of 1.09. 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 (NYSE:TT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating 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 company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter last year, the business earned $3.30 earnings per share. Trane Technologies's revenue was up 7.6% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Sell-side analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $0.94 per share. 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 (DPR) is currently 29.82%.

Analyst Ratings Changes

Several brokerages have recently commented on TT. HSBC cut shares of Trane Technologies from a "buy" rating to a "hold" rating and increased their price target for the stock from $415.00 to $460.00 in a research report on Thursday, July 31st. Citigroup raised their target price 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. Hsbc Global Res cut shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, UBS Group raised their target price on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Trane Technologies currently has an average rating of "Hold" and a consensus price target of $458.60.

About Trane Technologies

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.