Pembroke Management LTD Buys Shares of 694 Trane Technologies plc $TT

Pembroke Management LTD purchased a new position in shares of Trane Technologies plc (NYSE:TT) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 694 shares of the company’s stock, valued at approximately $304,000.

A number of other large investors have also added to or reduced their stakes in TT. NorthRock Partners LLC grew its holdings in Trane Technologies by 1.2% during the 2nd quarter. NorthRock Partners LLC now owns 2,052 shares of the company’s stock worth $898,000 after acquiring an additional 24 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Trane Technologies by 1.3% during the second quarter. King Luther Capital Management Corp now owns 1,942 shares of the company’s stock worth $849,000 after purchasing an additional 24 shares during the period. Csenge Advisory Group grew its stake in shares of Trane Technologies by 0.6% in the first quarter. Csenge Advisory Group now owns 3,944 shares of the company’s stock worth $1,314,000 after purchasing an additional 25 shares during the last quarter. Confluence Wealth Services Inc. increased its holdings in Trane Technologies by 0.7% in the second quarter. Confluence Wealth Services Inc. now owns 3,609 shares of the company’s stock valued at $1,579,000 after purchasing an additional 25 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its position in Trane Technologies by 23.4% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock worth $46,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Performance

Trane Technologies stock opened at $433.40 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. The firm has a market capitalization of $96.10 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16. The firm’s 50 day simple moving average is $419.18 and its 200 day simple moving average is $423.90.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.08. The company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. Trane Technologies’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a $0.94 dividend. 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 28.92%.

Analyst Upgrades and Downgrades

TT has been the topic of a number of analyst reports. Citigroup upped their price target on Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research report on Friday, October 31st. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and upped their target price for the company from $415.00 to $460.00 in a report on Thursday, July 31st. UBS Group raised their price target on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Robert W. Baird upped their price objective on shares of Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company increased their price objective on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research report on Monday, October 6th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Trane Technologies has an average rating of “Hold” and a consensus price target of $466.50.

Insider Transactions at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $440.00, for a total transaction of $264,000.00. Following the sale, the chief accounting officer owned 7,148 shares of the company’s stock, valued at $3,145,120. The trade was a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David S. Regnery sold 22,497 shares of Trane Technologies 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 directly owned 123,713 shares of the company’s stock, valued at $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is owned by insiders.

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.