Prescott Group Capital Management L.L.C. Has $508,000 Stock Holdings in Trane Technologies plc $TT

Prescott Group Capital Management L.L.C. boosted its stake in Trane Technologies plc (NYSE:TT) by 48.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,161 shares of the company’s stock after purchasing an additional 381 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Trane Technologies were worth $508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TT. Acadian Asset Management LLC increased its holdings in shares of Trane Technologies by 670.6% during the second quarter. Acadian Asset Management LLC now owns 258,731 shares of the company’s stock worth $113,159,000 after buying an additional 225,155 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in shares of Trane Technologies by 20.2% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 888 shares of the company’s stock valued at $388,000 after acquiring an additional 149 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Trane Technologies by 147.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 77,393 shares of the company’s stock worth $33,852,000 after acquiring an additional 46,170 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Trane Technologies by 7.6% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 439,077 shares of the company’s stock worth $192,025,000 after acquiring an additional 31,059 shares during the last quarter. Finally, Freemont Management S.A. increased its holdings in Trane Technologies by 29.3% in the 2nd quarter. Freemont Management S.A. now owns 5,300 shares of the company’s stock worth $2,318,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TT shares. UBS Group lifted their price target on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Northcoast Research lowered shares of Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Hsbc Global Res lowered shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Barclays upped their price target on shares of Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Robert W. Baird lifted their price target on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Six 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $466.50.

Insider Transactions at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was 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 in the company, valued at $3,145,120. This represents a 7.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the sale, the chief executive officer owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.14% of the company’s stock.

Trane Technologies Stock Performance

NYSE:TT opened at $434.01 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The company has a 50 day simple moving average of $418.82 and a two-hundred day simple moving average of $422.66. The company has a market capitalization of $96.24 billion, a PE ratio of 34.42, a P/E/G ratio of 2.66 and a beta of 1.16.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the previous year, the company earned $3.37 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. 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 declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s dividend payout ratio is 28.92%.

Trane Technologies 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.