Kaufman Rossin Wealth LLC Makes New $328,000 Investment in Trane Technologies plc $TT

Key Points

• Kaufman Rossin Wealth LLC has acquired a new position in Trane Technologies plc, purchasing 974 shares valued at approximately $328,000 during the first quarter.
• Trane Technologies reported a quarterly earnings per share (EPS) of $3.88, exceeding the consensus estimate of $3.79, with a revenue of $5.75 billion for the quarter.
• The company announced a quarterly dividend of $0.94, with an ex-dividend date set for September 5th, representing an annualized dividend yield of 0.9%.

Kaufman Rossin Wealth LLC acquired a new stake in Trane Technologies plc (NYSE:TT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 974 shares of the company's stock, valued at approximately $328,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Trane Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 19,456,776 shares of the company's stock valued at $6,555,377,000 after buying an additional 221,206 shares during the period. JPMorgan Chase & Co. raised 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 buying an additional 1,408,421 shares during the period. Ameriprise Financial Inc. raised its stake in Trane Technologies by 4.1% in the fourth quarter. Ameriprise Financial Inc. now owns 3,343,390 shares of the company's stock valued at $1,234,908,000 after buying an additional 130,867 shares during the period. Nuveen LLC bought a new stake in Trane Technologies in the first quarter valued at approximately $877,468,000. Finally, Northern Trust Corp raised its stake in Trane Technologies by 0.7% in the first quarter. Northern Trust Corp now owns 2,584,819 shares of the company's stock valued at $870,877,000 after buying an additional 17,292 shares during the period. Institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on TT. Wells Fargo & Company upped their price objective on Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Morgan Stanley upped their target price on Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Royal Bank Of Canada upped their target price on Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Robert W. Baird upped their target price on Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, Barclays upped their target price on Trane Technologies from $480.00 to $495.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of "Hold" and an average target price of $458.60.

Trane Technologies Price Performance

NYSE:TT traded up $1.6490 during trading hours on Friday, reaching $423.9190. 1,010,344 shares of the company were exchanged, compared to its average volume of 1,307,055. The company has a market capitalization of $94.33 billion, a P/E ratio of 33.62, a P/E/G ratio of 2.64 and a beta of 1.09. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. 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 business has a 50 day moving average of $435.64 and a 200 day moving average of $393.96.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.79 by $0.09. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given 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 yield of 0.9%. Trane Technologies's dividend payout ratio is currently 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.