Sagespring Wealth Partners LLC Has $4.01 Million Stock Holdings in Trane Technologies plc $TT

Sagespring Wealth Partners LLC decreased its position in Trane Technologies plc (NYSE:TT) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,156 shares of the company’s stock after selling 37 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Trane Technologies were worth $4,005,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TT. Brighton Jones LLC raised its position in shares of Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after purchasing an additional 2,323 shares during the period. GAMMA Investing LLC raised its position in shares of Trane Technologies by 5.5% in the first quarter. GAMMA Investing LLC now owns 5,983 shares of the company’s stock valued at $2,016,000 after purchasing an additional 314 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of Trane Technologies in the first quarter valued at approximately $31,000. Ritholtz Wealth Management raised its position in shares of Trane Technologies by 15.1% in the first quarter. Ritholtz Wealth Management now owns 1,493 shares of the company’s stock valued at $503,000 after purchasing an additional 196 shares during the period. Finally, Sound Income Strategies LLC increased its position in Trane Technologies by 793.9% in the 1st quarter. Sound Income Strategies LLC now owns 885 shares of the company’s stock worth $298,000 after buying an additional 786 shares during the period. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Performance

Shares of NYSE:TT opened at $418.14 on Tuesday. The business’s fifty day moving average price is $418.28 and its two-hundred day moving average price is $410.08. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The stock has a market capitalization of $93.04 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 2.57 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76.

Trane Technologies (NYSE:TT) last announced its quarterly 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 firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same period in the prior year, the business posted $3.30 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s payout ratio is currently 29.82%.

Analyst Ratings Changes

TT has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their price target on Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and lifted their price target for the stock from $415.00 to $460.00 in a research report on Thursday, July 31st. The Goldman Sachs Group lifted their price target on Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. UBS Group lifted their price target on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Robert W. Baird lifted their price target on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $457.73.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.