Vest Financial LLC Takes Position in Trane Technologies plc $TT

Key Points

• Vest Financial LLC has acquired a new stake of 637 shares in Trane Technologies plc valued at approximately $279,000 during the second quarter.
• Trane Technologies has announced a quarterly dividend of $0.94 per share, which will be paid on December 31st, translating to an annualized dividend yield of 0.9%.
• The company's stock has a consensus price target of $460.00 and an average rating of "Hold" from investment analysts, after adjustments in price targets from various firms.

Vest Financial LLC bought a new stake in Trane Technologies plc (NYSE:TT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 637 shares of the company's stock, valued at approximately $279,000.

A number of other hedge funds also recently bought and sold shares of TT. Csenge Advisory Group lifted its position 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 acquiring an additional 25 shares in the last quarter. Confluence Wealth Services Inc. lifted its holdings in shares of Trane Technologies by 0.7% during the 2nd quarter. Confluence Wealth Services Inc. now owns 3,609 shares of the company's stock valued at $1,579,000 after buying an additional 25 shares during the period. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Trane Technologies by 23.4% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company's stock valued at $46,000 after buying an additional 26 shares during the period. Fiera Capital Corp lifted its holdings in shares of Trane Technologies by 1.4% during the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company's stock valued at $650,000 after buying an additional 27 shares during the period. Finally, Old Port Advisors lifted its holdings in shares of Trane Technologies by 3.7% during the 2nd quarter. Old Port Advisors now owns 754 shares of the company's stock valued at $330,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

TT has been the topic of several research analyst reports. Royal Bank Of Canada increased their price target on Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. The Goldman Sachs Group increased their price target on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Hsbc Global Res cut Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Barclays lowered their price target on Trane Technologies from $495.00 to $485.00 and set an "overweight" rating on the stock in a report on Tuesday, September 16th. Finally, Robert W. Baird upped their price objective on Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Trane Technologies currently has an average rating of "Hold" and a consensus price target of $460.00.

Trane Technologies Trading Down 0.2%

Shares of TT stock opened at $423.27 on Thursday. The firm has a market capitalization of $94.18 billion, a PE ratio of 33.57, a PEG ratio of 2.64 and a beta of 1.12. The stock has a fifty day simple moving average of $418.11 and a two-hundred day simple moving average of $410.26. 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.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, beating analysts' consensus estimates of $3.79 by $0.09. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies's dividend payout ratio (DPR) is presently 29.82%.

Insider Buying and Selling at Trane Technologies

In other 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 transaction of $9,223,770.00. Following the completion of the transaction, the chief executive officer owned 123,713 shares in the company, valued at $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

Trane Technologies 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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