Trane Technologies plc $TT Shares Purchased by Empowered Funds LLC

Key Points

• Empowered Funds LLC increased its Trane Technologies position by 18.7% in the first quarter, bringing its holdings to 18,399 shares valued at approximately $7.7 million. Institutional investors and hedge funds collectively own 82.97% of the company.
• Analysts maintain a generally positive view of Trane Technologies, with an average “Moderate Buy” rating and a consensus price target of $521.50. Recent target changes included increases from Barclays and Bernstein, partially offset by RBC’s reduction.
• Trane Technologies reported quarterly EPS of $4.31, beating estimates, while revenue rose 10.6% year over year to $6.35 billion. The company also declared a quarterly dividend of $1.05 per share, equivalent to a 0.9% annualized yield.

Empowered Funds LLC increased its position in Trane Technologies plc (NYSE:TT - Free Report) by 18.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,399 shares of the company's stock after acquiring an additional 2,899 shares during the period. Empowered Funds LLC's holdings in Trane Technologies were worth $7,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Tucker Asset Management LLC purchased a new position in shares of Trane Technologies during the fourth quarter worth $25,000. Wilkerson Advisory Group LLC grew its position in Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company's stock worth $25,000 after purchasing an additional 34 shares during the period. JPL Wealth Management LLC acquired a new stake in Trane Technologies during the 3rd quarter worth about $32,000. Hilton Head Capital Partners LLC purchased a new position in shares of Trane Technologies during the 4th quarter valued at about $32,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of Trane Technologies by 192.6% in the 1st quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company's stock valued at $33,000 after buying an additional 52 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 43,778 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the completion of the transaction, the chief executive officer owned 96,950 shares of the company's stock, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company's stock.

Analyst Upgrades and Downgrades

TT has been the subject of a number of analyst reports. Barclays boosted their price target on Trane Technologies from $507.00 to $585.00 and gave the company an "overweight" rating in a report on Friday, May 1st. JPMorgan Chase & Co. lifted their target price on shares of Trane Technologies from $460.00 to $476.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. Royal Bank Of Canada decreased their target price on shares of Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating for the company in a research note on Friday, July 31st. Sanford C. Bernstein increased their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Trane Technologies in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Trane Technologies currently has an average rating of "Moderate Buy" and an average target price of $521.50.

Trane Technologies Stock Up 0.5%

Shares of NYSE TT opened at $479.87 on Friday. The company has a market capitalization of $105.58 billion, a P/E ratio of 36.35, a P/E/G ratio of 2.11 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. The company has a 50 day simple moving average of $475.14 and a 200-day simple moving average of $458.85. Trane Technologies plc has a 1 year low of $348.06 and a 1 year high of $505.87.

Trane Technologies (NYSE:TT - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating analysts' consensus estimates of $4.27 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. Trane Technologies's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, equities research analysts predict that Trane Technologies plc will post 15.31 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 4th. Trane Technologies's dividend payout ratio is currently 31.82%.

Trane Technologies Profile

Trane Technologies NYSE: TT is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.

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