Dnca Finance Raises Stake in Trane Technologies plc $TT

Dnca Finance grew its holdings in Trane Technologies plc (NYSE:TT) by 12.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 45,000 shares of the company’s stock after buying an additional 5,000 shares during the period. Trane Technologies accounts for approximately 1.5% of Dnca Finance’s portfolio, making the stock its 21st largest position. Dnca Finance’s holdings in Trane Technologies were worth $19,683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. lifted its position in Trane Technologies by 1.5% during the 2nd quarter. Federated Hermes Inc. now owns 653,965 shares of the company’s stock worth $286,051,000 after acquiring an additional 9,706 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Trane Technologies by 49.6% during the second quarter. Gamco Investors INC. ET AL now owns 17,145 shares of the company’s stock worth $7,499,000 after purchasing an additional 5,688 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Trane Technologies by 18.0% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 812 shares of the company’s stock worth $355,000 after purchasing an additional 124 shares during the period. Victory Financial Group LLC purchased a new position in Trane Technologies in the 2nd quarter valued at $217,000. Finally, Avestar Capital LLC increased its stake in Trane Technologies by 32.4% in the 2nd quarter. Avestar Capital LLC now owns 2,138 shares of the company’s stock valued at $935,000 after buying an additional 523 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Performance

TT opened at $401.33 on Friday. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. The stock has a market cap of $88.99 billion, a P/E ratio of 30.87, a P/E/G ratio of 2.31 and a beta of 1.19. The stock’s 50 day simple moving average is $420.96 and its 200 day simple moving average is $425.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the previous year, the business earned $3.37 earnings per share. Trane Technologies’s quarterly revenue was up 5.5% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, equities analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid 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 is presently 28.92%.

Insiders Place Their Bets

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies 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 completion of the transaction, the chief accounting officer owned 7,148 shares in the company, valued at approximately $3,145,120. The trade was a 7.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TT. Bank of America raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $490.00 to $550.00 in a report on Thursday, November 13th. JPMorgan Chase & Co. lifted their price objective on Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their price target on Trane Technologies from $467.00 to $469.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. Finally, Barclays upped their price objective on Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a 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 given a Sell rating to the company. Based on data from MarketBeat.com, Trane Technologies currently has an average rating of “Hold” and a consensus target price of $470.07.

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.