Clark Asset Management LLC Makes New Investment in Trane Technologies plc $TT

Clark Asset Management LLC bought a new stake in shares of Trane Technologies plc (NYSE:TT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,016 shares of the company’s stock, valued at approximately $1,319,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Tevis Investment Management raised its holdings in shares of Trane Technologies by 16.1% during the second quarter. Tevis Investment Management now owns 972 shares of the company’s stock valued at $425,000 after acquiring an additional 135 shares in the last quarter. May Hill Capital LLC bought a new position in shares of Trane Technologies during the second quarter valued at approximately $227,000. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Trane Technologies by 7.2% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 3,935 shares of the company’s stock valued at $1,721,000 after acquiring an additional 263 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Trane Technologies by 19.5% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 62,549 shares of the company’s stock valued at $27,360,000 after acquiring an additional 10,200 shares in the last quarter. Finally, Advisory Alpha LLC raised its holdings in shares of Trane Technologies by 27.8% during the second quarter. Advisory Alpha LLC now owns 1,012 shares of the company’s stock valued at $443,000 after acquiring an additional 220 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 22,497 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $50,722,330. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

Trane Technologies Stock Up 0.6%

TT stock opened at $428.57 on Tuesday. 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 firm has a market cap of $95.36 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12. The business has a 50 day moving average of $416.35 and a 200 day moving average of $416.32.

Trane Technologies (NYSE:TT) last posted 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. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same quarter last year, the company earned $3.30 EPS. The firm’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 forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TT. Wells Fargo & Company upped their target price on Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a report on Monday, October 6th. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Robert W. Baird raised their target price on Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Royal Bank Of Canada raised their target price on Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Finally, UBS Group raised their target price on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $464.29.

About Trane Technologies

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.