Wendell David Associates Inc. Reduces Position in Trane Technologies plc $TT

Wendell David Associates Inc. lessened its stake in shares of Trane Technologies plc (NYSE:TT) by 5.7% in the second quarter, HoldingsChannel.com reports. The firm owned 581 shares of the company’s stock after selling 35 shares during the quarter. Wendell David Associates Inc.’s holdings in Trane Technologies were worth $254,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Gladwyn Financial Advisors Inc. purchased a new stake in shares of Trane Technologies during the second quarter valued at approximately $222,000. Swmg LLC lifted its stake in Trane Technologies by 58.6% in the second quarter. Swmg LLC now owns 1,427 shares of the company’s stock worth $674,000 after acquiring an additional 527 shares during the period. Signature Estate & Investment Advisors LLC lifted its stake in Trane Technologies by 3.0% in the second quarter. Signature Estate & Investment Advisors LLC now owns 1,209 shares of the company’s stock worth $529,000 after acquiring an additional 35 shares during the period. Cottonwood Capital Advisors LLC lifted its stake in Trane Technologies by 4.1% in the second quarter. Cottonwood Capital Advisors LLC now owns 704 shares of the company’s stock worth $308,000 after acquiring an additional 28 shares during the period. Finally, Koshinski Asset Management Inc. purchased a new stake in Trane Technologies in the second quarter worth $253,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 123,713 shares in the company, valued at $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by insiders.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $416.31 on Friday. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $417.59 and a two-hundred day simple moving average of $411.75. The firm has a market capitalization of $92.63 billion, a P/E ratio of 33.01, a P/E/G ratio of 2.58 and a beta of 1.12.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, beating 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 firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period last year, the company earned $3.30 earnings per share. The company’s 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. On average, equities analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group raised their price target on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Barclays dropped their price target on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating for the company in a research note on Tuesday, September 16th. Citigroup dropped their price target on Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their price objective on Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. 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. According to data from MarketBeat, Trane Technologies has an average rating of “Hold” and a consensus target price of $464.29.

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.