Trane Technologies plc $TT Shares Sold by US Bancorp DE

US Bancorp DE decreased its holdings in Trane Technologies plc (NYSE:TT) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,583 shares of the company’s stock after selling 1,334 shares during the quarter. US Bancorp DE’s holdings in Trane Technologies were worth $29,124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new stake in Trane Technologies during the 2nd quarter worth about $28,000. Saudi Central Bank acquired a new stake in Trane Technologies during the 1st quarter worth about $30,000. Opal Wealth Advisors LLC acquired a new stake in Trane Technologies during the 1st quarter worth about $31,000. Bogart Wealth LLC lifted its position in Trane Technologies by 97.9% during the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after acquiring an additional 46 shares during the period. Finally, Tradewinds Capital Management LLC lifted its position in Trane Technologies by 46.2% during the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock worth $32,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the business’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 sale, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. The trade was a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Trane Technologies Price Performance

Shares of Trane Technologies stock opened at $414.09 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The business has a 50-day moving average price of $418.60 and a 200 day moving average price of $408.64. The firm has a market cap of $92.14 billion, a PE ratio of 32.84, a P/E/G ratio of 2.60 and a beta of 1.12.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $3.30 EPS. Trane Technologies’s quarterly revenue was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Sell-side analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have commented on TT shares. Barclays lowered their price target on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating for the company in a research report on Tuesday, September 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday. Royal Bank Of Canada boosted their price objective on Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and boosted their price objective for the company from $415.00 to $460.00 in a report on Thursday, July 31st. Finally, Northcoast Research cut Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $457.73.

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.