Meadow Creek Wealth Advisors LLC Makes New $258,000 Investment in Trane Technologies plc $TT

Key Points

• Meadow Creek Wealth Advisors LLC invested approximately $258,000 in Trane Technologies plc during the second quarter, acquiring 590 shares of the company's stock.
• Trane Technologies recently announced a quarterly dividend of $0.94 per share, with an annualized yield of 0.9%, to be paid on December 31st.
• The company's stock has a market capitalization of $94.53 billion and has demonstrated year-over-year revenue growth of 7.6%, with earnings per share beating estimates in their latest earnings report.

Meadow Creek Wealth Advisors LLC purchased a new position in Trane Technologies plc (NYSE:TT - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 590 shares of the company's stock, valued at approximately $258,000.

Several other hedge funds also recently bought and sold shares of TT. Ameriflex Group Inc. purchased a new stake in shares of Trane Technologies during the second quarter valued at $28,000. Saudi Central Bank purchased a new stake in shares of Trane Technologies in the first quarter valued at approximately $30,000. Bogart Wealth LLC increased its holdings in Trane Technologies by 97.9% during the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company's stock worth $31,000 after purchasing an additional 46 shares during the period. Tradewinds Capital Management LLC raised its position in Trane Technologies by 46.2% during the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock valued at $32,000 after purchasing an additional 30 shares in the last quarter. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Trane Technologies by 120.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 110 shares of the company's stock worth $37,000 after buying an additional 60 shares during the period. Institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Performance

TT opened at $424.83 on Wednesday. The firm has a fifty day moving average price of $417.11 and a 200 day moving average price of $413.10. 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 $94.53 billion, a P/E ratio of 33.69, a P/E/G ratio of 2.60 and a beta of 1.12.

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

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be given a $0.94 dividend. The ex-dividend date is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. Trane Technologies's payout ratio is currently 29.82%.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the completion of the transaction, the chief executive officer owned 123,713 shares of the company's stock, valued at $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TT shares. Robert W. Baird upped their price objective on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. HSBC lowered Trane Technologies from a "buy" rating to a "hold" rating and lifted their target price for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Barclays lowered their price target on shares of Trane Technologies from $495.00 to $485.00 and set an "overweight" rating on the stock in a report on Tuesday, September 16th. The Goldman Sachs Group boosted their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Finally, UBS Group upped their price target on Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $464.29.

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.

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