Norinchukin Bank The Boosts Stock Position in Trane Technologies plc $TT

Key Points

• Norinchukin Bank The increased its holdings in Trane Technologies plc by 15.5% in Q1, owning 11,961 shares valued at approximately $4,030,000.
• Trane Technologies reported $3.88 earnings per share for the last quarter, exceeding expectations of $3.79, and set its FY 2025 guidance at 13.050 EPS.
• The company announced a quarterly dividend of $0.94 payable on September 30th, resulting in an annualized yield of 0.9%.

Norinchukin Bank The boosted its stake in Trane Technologies plc (NYSE:TT - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,961 shares of the company's stock after purchasing an additional 1,605 shares during the quarter. Norinchukin Bank The's holdings in Trane Technologies were worth $4,030,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Nuveen LLC bought a new stake in Trane Technologies in the first quarter worth $877,468,000. GAMMA Investing LLC raised its holdings in shares of Trane Technologies by 35,458.2% in the first quarter. GAMMA Investing LLC now owns 2,015,792 shares of the company's stock worth $679,161,000 after buying an additional 2,010,123 shares during the period. Wellington Management Group LLP increased its holdings in shares of Trane Technologies by 245.1% in the 1st quarter. Wellington Management Group LLP now owns 2,144,405 shares of the company's stock valued at $722,493,000 after acquiring an additional 1,522,933 shares during the period. JPMorgan Chase & Co. lifted its position in Trane Technologies by 9.8% during the 1st quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company's stock worth $5,297,235,000 after acquiring an additional 1,408,421 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Trane Technologies by 20.1% during the 4th quarter. Northern Trust Corp now owns 2,567,527 shares of the company's stock valued at $948,316,000 after buying an additional 429,953 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Stock Performance

TT stock traded up $0.66 during mid-day trading on Wednesday, hitting $426.85. The company had a trading volume of 246,737 shares, compared to its average volume of 1,443,117. The firm has a market cap of $94.98 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.61 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The stock's fifty day moving average price is $435.59 and its two-hundred day moving average price is $394.88. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.79 by $0.09. The company had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. Trane Technologies's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio is 29.82%.

Analyst Upgrades and Downgrades

TT has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Hsbc Global Res lowered Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Wells Fargo & Company boosted their target price on Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. upped their price objective on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Morgan Stanley raised their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Trane Technologies currently has a consensus rating of "Hold" and a consensus target price of $458.60.

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.