Trane Technologies plc $TT Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. increased its position in Trane Technologies plc (NYSE:TT) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 653,965 shares of the company’s stock after buying an additional 9,706 shares during the period. Federated Hermes Inc.’s holdings in Trane Technologies were worth $286,051,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Ethic Inc. raised its stake in Trane Technologies by 6.6% during the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock worth $11,601,000 after purchasing an additional 1,672 shares during the period. Triton Financial Group Inc acquired a new stake in Trane Technologies during the second quarter worth about $1,273,000. OMNI 360 Wealth Inc. purchased a new position in shares of Trane Technologies in the 2nd quarter worth about $345,000. Illinois Municipal Retirement Fund lifted its stake in shares of Trane Technologies by 2.7% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 28,083 shares of the company’s stock valued at $12,284,000 after purchasing an additional 726 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Trane Technologies by 350.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock worth $7,140,000 after purchasing an additional 16,485 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the transaction, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at $3,145,120. This represents a 7.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Stock Performance

Trane Technologies stock opened at $401.33 on Friday. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84. The company has a market capitalization of $88.99 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 2.31 and a beta of 1.19. The firm’s fifty day moving average price is $420.96 and its 200 day moving average price is $425.25.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.08. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period last year, the firm earned $3.37 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a dividend of $0.94 per share. The ex-dividend date is Friday, December 5th. This represents a $3.76 annualized dividend and a yield of 0.9%. Trane Technologies’s payout ratio is currently 28.92%.

Analyst Ratings Changes

Several research firms recently commented on TT. Wells Fargo & Company raised their price target on shares of Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a report on Monday, October 6th. Barclays increased their price objective on shares of Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their price objective on Trane Technologies from $467.00 to $469.00 and gave the company a “sector perform” rating in a research report on Friday, October 31st. Seven research 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $470.07.

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.