Raymond James Financial Inc. Grows Stake in Trane Technologies plc $TT

Key Points

• Raymond James Financial Inc. has increased its stake in Trane Technologies plc by 0.1%, acquiring an additional 855 shares, bringing its total ownership to 1,655,982 shares valued at approximately $557.9 million.
• Analysts have varied opinions on Trane Technologies, with an average rating of "Hold" and a consensus price target around $458.60.
• The company recently declared a quarterly dividend of $0.94 per share, representing a yield of 0.9%, with a payout ratio currently at 29.82%.

Raymond James Financial Inc. increased its stake in Trane Technologies plc (NYSE:TT - Free Report) by 0.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,655,982 shares of the company's stock after purchasing an additional 855 shares during the quarter. Raymond James Financial Inc. owned approximately 0.74% of Trane Technologies worth $557,933,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Csenge Advisory Group raised its holdings in Trane Technologies by 0.6% in the 1st quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock worth $1,314,000 after purchasing an additional 25 shares during the period. Fiera Capital Corp raised its holdings in Trane Technologies by 1.4% in the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company's stock worth $650,000 after purchasing an additional 27 shares during the period. Bingham Private Wealth LLC raised its holdings in Trane Technologies by 3.2% in the 1st quarter. Bingham Private Wealth LLC now owns 944 shares of the company's stock worth $318,000 after purchasing an additional 29 shares during the period. Tradewinds Capital Management LLC raised its holdings in Trane Technologies by 46.2% in the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after purchasing an additional 30 shares during the period. Finally, Smith Group Asset Management LLC raised its holdings in Trane Technologies by 1.2% in the 1st quarter. Smith Group Asset Management LLC now owns 2,610 shares of the company's stock worth $879,000 after purchasing an additional 30 shares during the period. 82.97% of the stock is owned by institutional investors.

Trane Technologies Stock Down 0.1%

NYSE:TT traded down $0.4810 during trading hours on Tuesday, reaching $428.3990. The company's stock had a trading volume of 757,209 shares, compared to its average volume of 1,336,127. The company has a market capitalization of $95.32 billion, a P/E ratio of 34.84, a price-to-earnings-growth ratio of 2.67 and a beta of 1.09. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. 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 has a 50 day moving average price of $435.42 and a two-hundred day moving average price of $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 analysts' consensus estimates of $3.79 by $0.09. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities analysts predict that Trane Technologies plc will post 12.83 EPS 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. Investors of record on Friday, September 5th will be paid a $0.94 dividend. 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 payout ratio is 29.82%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TT. Royal Bank Of Canada increased their price target 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. JPMorgan Chase & Co. increased their price target on Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Barclays increased 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. Hsbc Global Res lowered Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Citigroup increased their price target on Trane Technologies from $445.00 to $502.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given 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.