Free Trial

Trane Technologies plc (NYSE:TT) Shares Purchased by HB Wealth Management LLC

Trane Technologies logo with Construction background

Key Points

  • HB Wealth Management LLC increased its stake in Trane Technologies plc by 23.8%, bringing its total holdings to 7,043 shares valued at $2,373,000.
  • Trane Technologies reported a quarterly revenue of $4.69 billion, outperforming estimates, with an earnings per share (EPS) of $2.45, exceeding the consensus estimate of $2.20.
  • The firm announced a quarterly dividend of $0.94 per share, translating to an annualized dividend of $3.76 and a yield of 0.80% for shareholders.
  • MarketBeat previews the top five stocks to own by September 1st.

HB Wealth Management LLC increased its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 23.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,043 shares of the company's stock after purchasing an additional 1,354 shares during the period. HB Wealth Management LLC's holdings in Trane Technologies were worth $2,373,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. WFA Asset Management Corp grew its holdings 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 period. Minot DeBlois Advisors LLC purchased a new position in Trane Technologies during the fourth quarter worth about $26,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Trane Technologies during the fourth quarter valued at about $28,000. Opal Wealth Advisors LLC purchased a new stake in shares of Trane Technologies in the 1st quarter valued at approximately $31,000. Finally, Bogart Wealth LLC lifted its holdings in shares of Trane Technologies by 97.9% in the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company's stock worth $31,000 after acquiring an additional 46 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TT. Wells Fargo & Company boosted their target price on Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research report on Tuesday, July 1st. Morgan Stanley boosted their price objective on Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. raised their target price on Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a report on Friday, May 16th. UBS Group boosted their price target on shares of Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Stephens raised shares of Trane Technologies from an "equal weight" rating to an "overweight" rating and set a $475.00 price target on the stock in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Trane Technologies presently has a consensus rating of "Hold" and an average price target of $455.67.

Read Our Latest Analysis on TT

Trane Technologies Stock Down 0.5%

Shares of TT stock traded down $2.41 during trading hours on Friday, reaching $435.68. 551,971 shares of the stock were exchanged, compared to its average volume of 1,493,892. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The business's fifty day moving average is $435.26 and its two-hundred day moving average is $388.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.74. The firm has a market capitalization of $97.16 billion, a P/E ratio of 34.58, a P/E/G ratio of 2.78 and a beta of 1.15.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating analysts' consensus estimates of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the firm posted $3.30 EPS. The company's quarterly revenue was up 7.6% compared to the same quarter last year. As a group, research analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently declared 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. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 5th. Trane Technologies's payout ratio is 29.82%.

About Trane Technologies

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

Should You Invest $1,000 in Trane Technologies Right Now?

Before you consider Trane Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trane Technologies wasn't on the list.

While Trane Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines