Alpine Woods Capital Investors LLC Sells 651 Shares of Trane Technologies plc $TT

Alpine Woods Capital Investors LLC reduced its position in shares of Trane Technologies plc (NYSE:TT) by 7.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,465 shares of the company’s stock after selling 651 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Trane Technologies were worth $3,703,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new position in Trane Technologies during the 2nd quarter valued at about $28,000. Saudi Central Bank acquired a new stake in shares of Trane Technologies during the 1st quarter worth approximately $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of Trane Technologies during the 1st quarter worth approximately $31,000. Bogart Wealth LLC boosted its stake 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 last quarter. Finally, Tradewinds Capital Management LLC boosted its stake 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 last quarter. 82.97% of the stock is owned by institutional investors.

Trane Technologies Stock Performance

Shares of TT stock opened at $418.14 on Tuesday. The company’s fifty day simple moving average is $418.28 and its 200-day simple moving average is $410.08. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The firm has a market cap of $93.04 billion, a PE ratio of 33.16, a P/E/G ratio of 2.57 and a beta of 1.12. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the previous year, the firm posted $3.30 earnings per share. The firm’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 research analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced 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. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 5th. Trane Technologies’s dividend payout ratio is presently 29.82%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective 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. Barclays cut their price target on shares of Trane Technologies from $495.00 to $485.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 16th. Morgan Stanley lifted their price target on shares of Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Northcoast Research lowered shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Finally, HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and lifted their price target for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $457.73.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

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.