Generali Asset Management SPA SGR Increases Stock Holdings in Trane Technologies plc $TT

Generali Asset Management SPA SGR boosted its stake in Trane Technologies plc (NYSE:TT) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 33,679 shares of the company’s stock after acquiring an additional 1,199 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Trane Technologies were worth $14,732,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Trane Technologies during the first quarter worth about $877,468,000. Wellington Management Group LLP boosted its holdings in Trane Technologies by 245.1% in the 1st quarter. Wellington Management Group LLP now owns 2,144,405 shares of the company’s stock worth $722,493,000 after buying an additional 1,522,933 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Trane Technologies by 9.8% during the 1st quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company’s stock worth $5,297,235,000 after buying an additional 1,408,421 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Trane Technologies by 95.1% during the first quarter. AQR Capital Management LLC now owns 885,039 shares of the company’s stock valued at $291,727,000 after acquiring an additional 431,495 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Trane Technologies by 27.3% during the first quarter. Pictet Asset Management Holding SA now owns 1,915,630 shares of the company’s stock valued at $645,343,000 after acquiring an additional 410,734 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO David S. Regnery sold 22,497 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Robert W. Baird boosted 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. HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and upped their target price for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. The Goldman Sachs Group boosted their price target on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Finally, Royal Bank Of Canada increased their price objective on shares of Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $457.73.

Trane Technologies Price Performance

Trane Technologies stock opened at $423.51 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $418.18 and a 200 day moving average price of $410.17. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The stock has a market cap of $94.23 billion, a P/E ratio of 33.59, a PEG ratio of 2.60 and a beta of 1.12.

Trane Technologies (NYSE:TT) last posted its quarterly 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. The business had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Sell-side analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.76 annualized dividend and a yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is 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.