Trane Technologies plc $TT Position Raised by GDS Wealth Management

Key Points

• GDS Wealth Management increased its stake in Trane Technologies plc by 3.1% in the first quarter, holding 54,382 shares valued at approximately $18.32 million.
• Trane Technologies reported earnings of $3.88 EPS, exceeding analysts' expectations, and had a quarterly revenue of $5.75 billion, up 7.6% year-over-year.
• The company announced a quarterly dividend of $0.94 per share, with a dividend yield of 0.9% and a payout ratio of 29.82%.

GDS Wealth Management grew its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,382 shares of the company's stock after acquiring an additional 1,636 shares during the quarter. Trane Technologies comprises about 1.6% of GDS Wealth Management's holdings, making the stock its 21st largest position. GDS Wealth Management's holdings in Trane Technologies were worth $18,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Csenge Advisory Group grew 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 buying an additional 25 shares in the last quarter. Fiera Capital Corp grew 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 buying an additional 27 shares in the last quarter. Bingham Private Wealth LLC grew 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 buying an additional 29 shares in the last quarter. Tradewinds Capital Management LLC grew 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 buying an additional 30 shares in the last quarter. Finally, Smith Group Asset Management LLC grew 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 buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Stock Performance

TT traded up $1.6490 during trading hours on Friday, hitting $423.9190. 1,010,344 shares of the stock were exchanged, compared to its average volume of 1,307,055. 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 stock has a market cap of $94.33 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 2.63 and a beta of 1.09. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The stock has a 50-day simple moving average of $435.64 and a 200-day simple moving average of $393.71.

Trane Technologies (NYSE:TT - Get Free Report) last posted 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 company had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio (DPR) is presently 29.82%.

Analyst Ratings Changes

TT has been the subject of a number of recent analyst reports. Hsbc Global Res downgraded shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Wells Fargo & Company raised their price target on shares of Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. The Goldman Sachs Group raised their price target on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. raised their price target on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Robert W. Baird raised their price objective on Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a research note 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 data from MarketBeat.com, Trane Technologies currently has an average rating of "Hold" and an average price target of $458.60.

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.