1,851 Shares in Trane Technologies plc $TT Purchased by Harfst & Associates Inc.

Key Points

• Harfst & Associates Inc. has acquired a new stake in Trane Technologies plc, purchasing 1,851 shares valued at approximately $624,000.
• Trane Technologies has recently reported earnings per share (EPS) of $3.88, exceeding estimates, along with a revenue of $5.75 billion for the last quarter.
• The stock currently has an average target price of $458.60, with analysts rating it predominantly as a "hold".

Harfst & Associates Inc. bought a new stake in Trane Technologies plc (NYSE:TT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,851 shares of the company's stock, valued at approximately $624,000.

Several other institutional investors also recently bought and sold shares of TT. Nuveen LLC acquired a new stake in Trane Technologies in the first quarter valued at approximately $877,468,000. GAMMA Investing LLC boosted its stake in Trane Technologies by 35,458.2% in the first quarter. GAMMA Investing LLC now owns 2,015,792 shares of the company's stock valued at $679,161,000 after acquiring an additional 2,010,123 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Trane Technologies by 9.8% in the first quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company's stock valued at $5,297,235,000 after acquiring an additional 1,408,421 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Trane Technologies by 20.1% during the fourth quarter. Northern Trust Corp now owns 2,567,527 shares of the company's stock worth $948,316,000 after buying an additional 429,953 shares during the period. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Trane Technologies by 27.3% during the first quarter. Pictet Asset Management Holding SA now owns 1,915,630 shares of the company's stock worth $645,343,000 after buying an additional 410,734 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on TT shares. Northcoast Research downgraded shares of Trane Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, August 1st. Hsbc Global Res downgraded shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. UBS Group lifted their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Barclays raised their target price on shares of Trane Technologies from $480.00 to $495.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Robert W. Baird raised their target price 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. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Trane Technologies has an average rating of "Hold" and an average price target of $458.60.

Trane Technologies Price Performance

Shares of Trane Technologies stock traded down $2.7340 during trading hours on Tuesday, reaching $426.1460. The stock had a trading volume of 357,479 shares, compared to its average volume of 1,460,273. The stock's 50 day moving average is $435.42 and its 200 day moving average is $392.33. The firm has a market capitalization of $94.82 billion, a PE ratio of 33.83, a PEG ratio of 2.64 and a beta of 1.09. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $0.09. The business had revenue of $5.75 billion during 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 company's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities analysts expect 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 Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies's payout ratio is currently 29.82%.

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.