Sienna Gestion Raises Holdings in Trane Technologies plc $TT

Sienna Gestion increased its position in shares of Trane Technologies plc (NYSE:TT) by 10.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,803 shares of the company’s stock after purchasing an additional 2,604 shares during the quarter. Sienna Gestion’s holdings in Trane Technologies were worth $11,103,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TT. Brighton Jones LLC increased its position in shares of Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after purchasing an additional 2,323 shares in the last quarter. Mutual Advisors LLC boosted its stake in Trane Technologies by 118.4% during the first quarter. Mutual Advisors LLC now owns 1,151 shares of the company’s stock worth $401,000 after buying an additional 624 shares during the last quarter. Strategic Blueprint LLC boosted its stake in Trane Technologies by 11.1% during the first quarter. Strategic Blueprint LLC now owns 620 shares of the company’s stock worth $209,000 after buying an additional 62 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Trane Technologies by 12.2% during the first quarter. Envestnet Asset Management Inc. now owns 334,751 shares of the company’s stock worth $112,784,000 after buying an additional 36,490 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in Trane Technologies by 16.7% during the first quarter. Personal CFO Solutions LLC now owns 1,345 shares of the company’s stock worth $453,000 after buying an additional 192 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TT shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, October 8th. UBS Group upped 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. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and upped their price target for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. JPMorgan Chase & Co. increased their target price on Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Finally, Barclays increased their target price on Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Trane Technologies has an average rating of “Hold” and an average target price of $466.50.

Trane Technologies Price Performance

TT stock opened at $436.34 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The firm has a market capitalization of $97.09 billion, a P/E ratio of 34.60, a P/E/G ratio of 2.66 and a beta of 1.12. The business’s 50-day moving average is $418.22 and its two-hundred day moving average is $421.16. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter last year, the company earned $3.37 EPS. Trane Technologies’s revenue for the quarter 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. Analysts anticipate that Trane Technologies plc will post 12.83 earnings per share 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. Stockholders of record on Friday, December 5th will be issued a $0.94 dividend. The ex-dividend date is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio is presently 28.92%.

Insider Transactions at Trane Technologies

In other news, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the transaction, the chief accounting officer owned 7,148 shares in the company, valued at approximately $3,145,120. This represents a 7.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David S. Regnery sold 22,497 shares of the firm’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 value of $9,223,770.00. Following the transaction, the chief executive officer owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.14% of the company’s stock.

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.