Stableford Capital II LLC Buys New Shares in Trane Technologies plc $TT

Stableford Capital II LLC bought a new position in Trane Technologies plc (NYSE:TT) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 1,850 shares of the company’s stock, valued at approximately $909,000.

Several other hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Trane Technologies during the fourth quarter valued at about $1,163,124,000. Capital International Investors purchased a new stake in Trane Technologies during the 4th quarter valued at about $324,639,000. Amundi boosted its holdings in Trane Technologies by 47.8% during the 1st quarter. Amundi now owns 2,174,396 shares of the company’s stock valued at $906,158,000 after acquiring an additional 703,018 shares during the period. First Trust Advisors LP grew its position in Trane Technologies by 536.6% during the 1st quarter. First Trust Advisors LP now owns 532,138 shares of the company’s stock worth $221,763,000 after acquiring an additional 448,547 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in Trane Technologies by 215.9% during the 1st quarter. Hsbc Holdings PLC now owns 653,423 shares of the company’s stock worth $271,950,000 after acquiring an additional 446,598 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Trane Technologies Trading Up 1.6%

NYSE TT opened at $462.41 on Tuesday. The stock has a market cap of $101.74 billion, a P/E ratio of 35.03, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. The stock has a 50 day simple moving average of $471.16 and a two-hundred day simple moving average of $453.58. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The business’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, analysts forecast that Trane Technologies plc will post 15.26 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be issued a $1.05 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.20 annualized dividend and a yield of 0.9%. Trane Technologies’s payout ratio is 31.82%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen upgraded Trane Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Evercore began coverage on shares of Trane Technologies in a report on Monday, April 13th. They issued an “outperform” rating and a $535.00 target price on the stock. KeyCorp lifted their target price on shares of Trane Technologies from $525.00 to $555.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Barclays upped their price target on shares of Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $520.07.

Trane Technologies Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.