Tevis Investment Management Acquires 135 Shares of Trane Technologies plc $TT

Tevis Investment Management raised its holdings in Trane Technologies plc (NYSE:TT) by 16.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 972 shares of the company’s stock after acquiring an additional 135 shares during the quarter. Tevis Investment Management’s holdings in Trane Technologies were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Ameriflex Group Inc. bought a new position in Trane Technologies in the 2nd quarter valued at $28,000. Saudi Central Bank purchased a new stake in shares of Trane Technologies in the 1st quarter worth $30,000. 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 buying an additional 46 shares during the period. Tradewinds Capital Management LLC lifted its holdings in shares of Trane Technologies by 46.2% in the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock worth $32,000 after buying an additional 30 shares during the period. Finally, Olde Wealth Management LLC purchased a new stake in shares of Trane Technologies in the 1st quarter worth $37,000. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Up 0.6%

Shares of NYSE TT opened at $428.57 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The stock has a market capitalization of $95.36 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. The business has a fifty day moving average price of $416.35 and a 200 day moving average price of $416.32.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data 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. The firm had revenue of $5.75 billion during 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%.The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities 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 Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a $0.94 dividend. The ex-dividend date is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is 29.82%.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the 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 completion of the sale, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $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 can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TT. The Goldman Sachs Group upped their target price on Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Barclays lowered their target price on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating for the company in a report on Tuesday, September 16th. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and upped their target price for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. Finally, Royal Bank Of Canada upped their price objective on Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Trane Technologies has a consensus rating of “Hold” and an average price target of $464.29.

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.