Trane Technologies plc $TT Stock Position Decreased by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. reduced its stake in Trane Technologies plc by 22.8% in the first quarter, now holding 17,950 shares valued at approximately $6.05 million.
• Trane Technologies reported earnings per share of $3.88 for the last quarter, exceeding analysts' expectations, with a revenue of $5.75 billion, a 7.6% increase from the previous year.
• The company announced a quarterly dividend of $0.94 per share, resulting in an annualized dividend yield of 0.9% and a dividend payout ratio of 29.82%.

Northwestern Mutual Wealth Management Co. trimmed its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 22.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,950 shares of the company's stock after selling 5,302 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Trane Technologies were worth $6,048,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TT. Brighton Jones LLC increased 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. Integrated Wealth Concepts LLC grew its stake in Trane Technologies by 1.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 2,444 shares of the company's stock valued at $903,000 after purchasing an additional 38 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in Trane Technologies during the 4th quarter worth approximately $377,000. Beacon Pointe Advisors LLC raised its position in shares of Trane Technologies by 1.3% in the 4th quarter. Beacon Pointe Advisors LLC now owns 8,137 shares of the company's stock valued at $3,005,000 after purchasing an additional 101 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new position in shares of Trane Technologies in the 4th quarter valued at approximately $454,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TT shares. JPMorgan Chase & Co. raised their price target on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Northcoast Research lowered shares of Trane Technologies from a "buy" rating to a "neutral" rating in a report on Friday, August 1st. UBS Group boosted their target price on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group increased their price target 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. Finally, Barclays lifted their price target on Trane Technologies from $480.00 to $495.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $458.60.

Trane Technologies Price Performance

TT stock traded down $4.73 during trading on Tuesday, hitting $410.87. The company had a trading volume of 1,300,229 shares, compared to its average volume of 994,618. The business has a 50 day moving average of $435.12 and a 200 day moving average of $396.83. The firm has a market capitalization of $91.42 billion, a price-to-earnings ratio of 32.58, a P/E/G ratio of 2.59 and a beta of 1.10. 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 plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18.

Trane Technologies (NYSE:TT - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.77 billion. During the same quarter last year, the company earned $3.30 EPS. Trane Technologies's quarterly 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. As a group, research analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

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