3Chopt Investment Partners LLC Has $441,000 Stock Holdings in Trane Technologies plc $TT

3Chopt Investment Partners LLC trimmed its position in Trane Technologies plc (NYSE:TT) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,009 shares of the company’s stock after selling 74 shares during the period. 3Chopt Investment Partners LLC’s holdings in Trane Technologies were worth $441,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TT. McKinley Carter Wealth Services Inc. acquired a new stake in Trane Technologies during the 2nd quarter worth approximately $241,000. IFP Advisors Inc raised its holdings in Trane Technologies by 1.2% during the 2nd quarter. IFP Advisors Inc now owns 2,772 shares of the company’s stock worth $1,221,000 after buying an additional 34 shares during the period. Callan Family Office LLC raised its holdings in Trane Technologies by 218.7% during the 2nd quarter. Callan Family Office LLC now owns 6,498 shares of the company’s stock worth $2,842,000 after buying an additional 4,459 shares during the period. Blair William & Co. IL raised its holdings in Trane Technologies by 5.8% during the 2nd quarter. Blair William & Co. IL now owns 23,529 shares of the company’s stock worth $10,292,000 after buying an additional 1,299 shares during the period. Finally, TFR Capital LLC. raised its holdings in Trane Technologies by 2.1% during the 2nd quarter. TFR Capital LLC. now owns 4,659 shares of the company’s stock worth $2,038,000 after buying an additional 95 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Price Performance

Shares of TT opened at $414.09 on Friday. The stock has a market capitalization of $92.14 billion, a P/E ratio of 32.84, a P/E/G ratio of 2.60 and a beta of 1.12. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The company has a 50 day moving average of $418.60 and a 200-day moving average of $408.64. 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 (NYSE:TT) last released its 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 net margin of 13.76% and a return on equity of 36.61%. The business had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same period last year, the business earned $3.30 earnings per share. The firm’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. As a group, equities research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a $0.94 dividend. The ex-dividend date of this dividend 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 currently 29.82%.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the transaction, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

TT has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday. UBS Group raised their target price on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Barclays dropped their target price on shares of Trane Technologies from $495.00 to $485.00 and set an “overweight” rating on the stock in a report on Tuesday, September 16th. Morgan Stanley raised their price target on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada raised their price target on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $457.73.

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.