3,070 Shares in Trane Technologies plc $TT Purchased by OneAscent Investment Solutions LLC

Key Points

• OneAscent Investment Solutions LLC acquired 3,070 shares of Trane Technologies plc, valuing approximately $1,034,000, making it the firm's 10th biggest holding.
• Multiple hedge funds have increased their stakes in Trane Technologies, with Tradewinds Capital Management LLC leading with a 46.2% increase in holdings during the first quarter.
• Trane Technologies recently declared a quarterly dividend of $0.94 per share, reflecting a yield of 0.9% and a dividend payout ratio of 29.82%.

OneAscent Investment Solutions LLC bought a new position in Trane Technologies plc (NYSE:TT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,070 shares of the company's stock, valued at approximately $1,034,000. Trane Technologies makes up approximately 1.2% of OneAscent Investment Solutions LLC's investment portfolio, making the stock its 10th largest position.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Trane Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 19,456,776 shares of the company's stock valued at $6,555,377,000 after acquiring an additional 221,206 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Trane Technologies by 9.8% during 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. Ameriprise Financial Inc. grew its stake in Trane Technologies by 4.1% during the fourth quarter. Ameriprise Financial Inc. now owns 3,343,390 shares of the company's stock valued at $1,234,908,000 after acquiring an additional 130,867 shares in the last quarter. Nuveen LLC purchased a new position in Trane Technologies during the first quarter valued at approximately $877,468,000. Finally, Northern Trust Corp grew its stake in Trane Technologies by 20.1% during the fourth quarter. Northern Trust Corp now owns 2,567,527 shares of the company's stock valued at $948,316,000 after acquiring an additional 429,953 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Trading Down 0.6%

NYSE TT traded down $2.7340 during trading on Tuesday, hitting $426.1460. The company had a trading volume of 357,479 shares, compared to its average volume of 1,460,273. 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 one year low of $298.15 and a one year high of $476.18. The company has a market cap of $94.82 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. The company's fifty day moving average is $435.42 and its 200-day moving average is $392.33.

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, topping 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 business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the business earned $3.30 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, sell-side analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

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

Analyst Ratings Changes

TT has been the subject of a number of research reports. Barclays boosted their price target on shares of Trane Technologies from $480.00 to $495.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Robert W. Baird boosted their price target 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. Wells Fargo & Company boosted their price target on shares of Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 1st. Hsbc Global Res lowered shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Morgan Stanley boosted 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 research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $458.60.

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.