Sequoia Financial Advisors LLC Boosts Holdings in Trane Technologies plc $TT

Sequoia Financial Advisors LLC grew its holdings in shares of Trane Technologies plc (NYSE:TT) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,621 shares of the company’s stock after acquiring an additional 374 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Trane Technologies were worth $2,459,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Csenge Advisory Group raised its position in Trane Technologies by 0.6% in the 1st quarter. Csenge Advisory Group now owns 3,944 shares of the company’s stock worth $1,314,000 after buying an additional 25 shares during the last quarter. Confluence Wealth Services Inc. raised its position in Trane Technologies by 0.7% in the 2nd quarter. Confluence Wealth Services Inc. now owns 3,609 shares of the company’s stock worth $1,579,000 after buying an additional 25 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its position in Trane Technologies by 23.4% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock worth $46,000 after buying an additional 26 shares during the last quarter. Fiera Capital Corp raised its position in Trane Technologies by 1.4% in the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company’s stock worth $650,000 after buying an additional 27 shares during the last quarter. Finally, Old Port Advisors raised its position in Trane Technologies by 3.7% in the 2nd quarter. Old Port Advisors now owns 754 shares of the company’s stock worth $330,000 after buying an additional 27 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Trading Down 0.2%

Trane Technologies stock opened at $423.27 on Thursday. The firm has a 50 day moving average of $418.11 and a 200 day moving average of $410.26. The firm has a market capitalization of $94.18 billion, a price-to-earnings ratio of 33.57, a P/E/G ratio of 2.64 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. The company has a current ratio of 1.10, a quick ratio of 0.76 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 (EPS) for the quarter, topping 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 company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the firm posted $3.30 EPS. The firm’s quarterly 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, research analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 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, December 5th. Trane Technologies’s dividend payout ratio (DPR) is 29.82%.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 $50,722,330. This trade represents a 15.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and boosted their target price for the stock from $415.00 to $460.00 in a research report on Thursday, July 31st. UBS Group boosted their target price on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Morgan Stanley upped their price target on shares of Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. upped their price target on shares of Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Hsbc Global Res lowered shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Six equities 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. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $460.00.

Trane Technologies Company 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.