Van Lanschot Kempen Investment Management N.V. Sells 127 Shares of Trane Technologies plc $TT

Van Lanschot Kempen Investment Management N.V. trimmed its holdings in Trane Technologies plc (NYSE:TT) by 1.1% during the first quarter, Holdings Channel reports. The firm owned 11,030 shares of the company’s stock after selling 127 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Trane Technologies were worth $3,716,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new position in Trane Technologies in the fourth quarter valued at approximately $26,000. WFA Asset Management Corp grew its position in shares of Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock worth $25,000 after buying an additional 50 shares during the period. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Trane Technologies in the 4th quarter valued at $28,000. Opal Wealth Advisors LLC acquired a new position in shares of Trane Technologies during the 1st quarter valued at $31,000. Finally, Bogart Wealth LLC boosted its stake in Trane Technologies by 97.9% during the first quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TT shares. Royal Bank Of Canada lifted their price target on shares of Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Barclays raised their target price on Trane Technologies from $480.00 to $495.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Morgan Stanley upped their price target on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and raised their price objective for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Finally, Citigroup upped their target price on Trane Technologies from $445.00 to $502.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $458.60.

Trane Technologies Stock Performance

Shares of TT opened at $428.3990 on Wednesday. The firm has a market capitalization of $95.32 billion, a P/E ratio of 33.97, a P/E/G ratio of 2.67 and a beta of 1.09. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The stock has a 50 day moving average price of $435.55 and a two-hundred day moving average price of $392.58. 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 (NYSE:TT) last posted its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter last year, the company earned $3.30 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities analysts forecast 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 Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.94 per share. 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, September 5th. Trane Technologies’s payout ratio is currently 29.82%.

About Trane Technologies

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.