George Kaiser Family Foundation Takes Position in Trane Technologies plc $TT

Key Points

• The George Kaiser Family Foundation invested approximately $263,000 in Trane Technologies plc during the first quarter, acquiring 780 shares of its stock.
• Trane Technologies reported $3.88 earnings per share in its last quarter, exceeding the consensus estimate of $3.79, with revenues of $5.75 billion despite slightly missing analysts' expectations.
• The company recently declared a quarterly dividend of $0.94 per share, providing a 0.9% yield to investors, with a payout ratio of 29.82%.

George Kaiser Family Foundation purchased a new stake in Trane Technologies plc (NYSE:TT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 780 shares of the company's stock, valued at approximately $263,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in shares of Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock worth $2,288,000 after acquiring an additional 2,323 shares during the last quarter. Bridgewater Associates LP grew its holdings in shares of Trane Technologies by 42.2% during the fourth quarter. Bridgewater Associates LP now owns 1,351 shares of the company's stock valued at $499,000 after buying an additional 401 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Trane Technologies by 4.3% during the 4th quarter. NewEdge Advisors LLC now owns 16,323 shares of the company's stock valued at $6,029,000 after purchasing an additional 666 shares during the last quarter. GeoWealth Management LLC boosted its holdings in Trane Technologies by 20.4% during the fourth quarter. GeoWealth Management LLC now owns 1,067 shares of the company's stock worth $394,000 after purchasing an additional 181 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Trane Technologies by 80.4% in the 4th quarter. First Trust Advisors LP now owns 218,934 shares of the company's stock worth $80,863,000 after buying an additional 97,543 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TT. HSBC downgraded Trane Technologies from a "buy" rating to a "hold" rating and upped their price objective for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. UBS Group increased their price target 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. Citigroup raised their target price on shares of Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Hsbc Global Res downgraded Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group lifted their target price 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. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies presently has an average rating of "Hold" and an average price target of $458.60.

Trane Technologies Stock Down 0.8%

TT stock traded down $3.58 during trading on Thursday, hitting $422.72. 1,185,030 shares of the stock traded hands, compared to its average volume of 1,457,629. The firm's 50 day moving average is $435.60 and its two-hundred day moving average is $392.81. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The stock has a market cap of $94.06 billion, a price-to-earnings ratio of 33.52, a price-to-earnings-growth ratio of 2.67 and a beta of 1.09.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly 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 firm 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 business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, sell-side analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, September 5th. This represents a $3.76 annualized dividend and a yield of 0.9%. Trane Technologies's payout ratio is presently 29.82%.

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.