Aptus Capital Advisors LLC Has $1.59 Million Holdings in Trane Technologies plc $TT

Aptus Capital Advisors LLC increased its holdings in Trane Technologies plc (NYSE:TT) by 27.0% in the first quarter, HoldingsChannel reports. The firm owned 4,705 shares of the company’s stock after purchasing an additional 999 shares during the period. Aptus Capital Advisors LLC’s holdings in Trane Technologies were worth $1,585,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Nuveen LLC acquired a new position in shares of Trane Technologies during the 1st quarter valued at about $877,468,000. GAMMA Investing LLC lifted its holdings in Trane Technologies by 35,458.2% in the 1st quarter. GAMMA Investing LLC now owns 2,015,792 shares of the company’s stock worth $679,161,000 after purchasing an additional 2,010,123 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Trane Technologies by 9.8% during the first quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company’s stock worth $5,297,235,000 after purchasing an additional 1,408,421 shares during the period. Northern Trust Corp grew its holdings in Trane Technologies by 20.1% during the fourth quarter. Northern Trust Corp now owns 2,567,527 shares of the company’s stock valued at $948,316,000 after purchasing an additional 429,953 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in shares of Trane Technologies by 27.3% in the first quarter. Pictet Asset Management Holding SA now owns 1,915,630 shares of the company’s stock valued at $645,343,000 after purchasing an additional 410,734 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Down 0.7%

TT stock opened at $425.6940 on Thursday. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The company has a market cap of $94.72 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 2.67 and a beta of 1.09. The business’s 50-day simple moving average is $435.60 and its 200 day simple moving average is $392.81.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter in the prior year, the firm posted $3.30 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 5th. Trane Technologies’s payout ratio is currently 29.82%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TT. JPMorgan Chase & Co. upped their price objective on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Morgan Stanley boosted their target price on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Robert W. Baird lifted 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. Finally, Barclays increased their target price on Trane Technologies from $480.00 to $495.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $458.60.

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.