State of Wyoming Boosts Stock Holdings in Trane Technologies plc $TT

Key Points

• The State of Wyoming increased its holdings in Trane Technologies plc (NYSE:TT) by 100.4% in the first quarter, now owning 1,982 shares valued at $668,000.
• Trane Technologies reported $3.88 earnings per share for the last quarter, exceeding expectations, and has set its FY 2025 guidance between $13.050.
• The company recently announced a quarterly dividend of $0.94 per share, with an ex-dividend date of September 5th, yielding 0.9% annually.

State of Wyoming raised its position in Trane Technologies plc (NYSE:TT - Free Report) by 100.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,982 shares of the company's stock after acquiring an additional 993 shares during the period. State of Wyoming's holdings in Trane Technologies were worth $668,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. WFA Asset Management Corp increased its stake in shares of Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of Trane Technologies during the fourth quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Trane Technologies during the fourth quarter worth approximately $28,000. Opal Wealth Advisors LLC bought a new position in shares of Trane Technologies during the first quarter worth approximately $31,000. Finally, Bogart Wealth LLC increased its stake in shares of Trane Technologies by 97.9% during the first 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. Institutional investors own 82.97% of the company's stock.

Trane Technologies Trading Down 0.7%

TT traded down $2.91 during trading on Wednesday, reaching $408.02. 1,664,495 shares of the company's stock were exchanged, compared to its average volume of 1,445,514. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $90.79 billion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 2.59 and a beta of 1.10. The firm has a fifty day moving average price of $435.12 and a two-hundred day moving average price of $396.83.

Trane Technologies (NYSE:TT - Get Free Report) last released 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. The company had revenue of $5.75 billion for 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 quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, equities research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm 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 dividend of $0.94 per share. 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 presently 29.82%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TT shares. Wells Fargo & Company boosted their price target on Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Royal Bank Of Canada boosted their price target on Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Morgan Stanley lifted their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Northcoast Research cut shares of Trane Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, August 1st. Finally, Hsbc Global Res cut shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Trane Technologies presently has an average rating of "Hold" and a consensus price target 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.