Aptus Capital Advisors LLC Has $1.59 Million Stock Holdings in Trane Technologies plc $TT

Key Points

• Aptus Capital Advisors LLC increased its stake in Trane Technologies plc by 27.0% during the first quarter, owning 4,705 shares worth approximately $1.585 million.
• Several institutional investors have boosted their positions in Trane Technologies, with Brighton Jones LLC raising their stake by 60.0% to own 6,194 shares valued at $2.288 million.
• Trane Technologies recently announced a quarterly dividend of $0.94 per share, reflecting an annualized dividend yield of 0.9%.

Aptus Capital Advisors LLC boosted its stake in Trane Technologies plc (NYSE:TT - Free Report) by 27.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,705 shares of the company's stock after purchasing an additional 999 shares during the period. Aptus Capital Advisors LLC's holdings in Trane Technologies were worth $1,585,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Csenge Advisory Group lifted its stake in Trane Technologies by 0.6% in the 1st quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock valued at $1,314,000 after purchasing an additional 25 shares during the last quarter. Fiera Capital Corp lifted its stake in Trane Technologies by 1.4% in the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company's stock valued at $650,000 after purchasing an additional 27 shares during the last quarter. Bingham Private Wealth LLC lifted its stake in Trane Technologies by 3.2% in the 1st quarter. Bingham Private Wealth LLC now owns 944 shares of the company's stock valued at $318,000 after purchasing an additional 29 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in Trane Technologies by 46.2% in the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock valued at $32,000 after purchasing an additional 30 shares during the last quarter. Finally, Smith Group Asset Management LLC lifted its stake 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 valued at $879,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Trane Technologies Trading Up 0.4%

NYSE TT traded up $1.6490 during mid-day trading on Friday, reaching $423.9190. 1,010,344 shares of the stock were exchanged, compared to its average volume of 1,307,055. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. The stock has a 50 day simple moving average of $435.64 and a 200-day simple moving average of $393.96. The stock has a market cap of $94.33 billion, a P/E ratio of 33.62, a P/E/G ratio of 2.64 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76.

Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping 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 business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter last year, the firm earned $3.30 earnings per share. 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. On average, analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid 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 dividend payout ratio (DPR) is currently 29.82%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. HSBC cut shares of Trane Technologies from a "buy" rating to a "hold" rating and upped their price target for the company from $415.00 to $460.00 in a research report on Thursday, July 31st. Barclays upped their price target on shares of Trane Technologies from $480.00 to $495.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Citigroup upped their price target on shares of Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a research report on Monday, July 14th. UBS Group upped their price target on shares of Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Robert W. Baird upped their price target on shares of Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average 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.