Triton Financial Group Inc Takes Position in Trane Technologies plc $TT

Key Points

• Triton Financial Group Inc acquired a new stake in Trane Technologies plc, purchasing 2,911 shares valued at approximately $1.27 million in the second quarter.
• Wall Street analysts have recently raised their price targets for Trane Technologies, with estimates ranging from $434.00 to $544.00, indicating overall positive sentiment about the stock.
• Trane Technologies has announced a quarterly dividend of $0.94, payable on December 31st, reflecting a 0.9% yield.

Triton Financial Group Inc acquired a new stake in Trane Technologies plc (NYSE:TT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,911 shares of the company's stock, valued at approximately $1,273,000.

Other large investors have also added to or reduced their stakes in the company. OMNI 360 Wealth Inc. bought a new stake in Trane Technologies in the 2nd quarter valued at $345,000. Jones Financial Companies Lllp raised its stake in Trane Technologies by 350.3% in the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company's stock valued at $7,140,000 after acquiring an additional 16,485 shares during the period. BROOKFIELD Corp ON raised its stake in Trane Technologies by 11.0% in the 1st quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company's stock valued at $2,772,000 after acquiring an additional 812 shares during the period. Nippon Life Global Investors Americas Inc. raised its stake in Trane Technologies by 17.5% in the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company's stock valued at $1,041,000 after acquiring an additional 460 shares during the period. Finally, Inspire Investing LLC increased its position in Trane Technologies by 20.8% during the 1st quarter. Inspire Investing LLC now owns 5,571 shares of the company's stock worth $1,877,000 after buying an additional 960 shares during the period. Institutional investors own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

TT has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on Trane Technologies from $407.00 to $434.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 15th. Royal Bank Of Canada increased their price objective on Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Citigroup lowered their price objective on Trane Technologies from $499.00 to $494.00 and set a "buy" rating on the stock in a research report on Wednesday, September 17th. The Goldman Sachs Group increased their price objective on Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Finally, UBS Group raised their price target on Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Trane Technologies presently has a consensus rating of "Hold" and a consensus target price of $464.29.

Trane Technologies Stock Up 0.6%

Shares of NYSE TT opened at $418.20 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The stock has a market capitalization of $93.05 billion, a P/E ratio of 33.16, a PEG ratio of 2.59 and a beta of 1.12. The stock's fifty day moving average is $417.39 and its 200 day moving average is $413.02.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.Trane Technologies's revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business earned $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Sell-side 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 Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.76 annualized dividend and a yield of 0.9%. Trane Technologies's dividend payout ratio (DPR) is 29.82%.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 22,497 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the sale, the chief executive officer directly owned 123,713 shares of the company's stock, valued at $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

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.

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