Beverly Hills Private Wealth LLC Reduces Holdings in Trane Technologies plc $TT

Beverly Hills Private Wealth LLC decreased its stake in shares of Trane Technologies plc (NYSE:TT) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,794 shares of the company’s stock after selling 222 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Trane Technologies were worth $1,660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ameriflex Group Inc. purchased a new position in shares of Trane Technologies during the 2nd quarter worth approximately $28,000. Saudi Central Bank purchased a new stake in shares of Trane Technologies in the 1st quarter worth about $30,000. Bogart Wealth LLC increased its stake in shares of Trane Technologies by 97.9% in the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after acquiring an additional 46 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in Trane Technologies by 46.2% during the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock valued at $32,000 after acquiring an additional 30 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its stake in Trane Technologies by 120.0% during the first quarter. Pinnacle Bancorp Inc. now owns 110 shares of the company’s stock worth $37,000 after acquiring an additional 60 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Trane Technologies

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 transaction of $9,223,770.00. Following the completion of the sale, the chief executive officer owned 123,713 shares of the company’s stock, valued at $50,722,330. This represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TT shares. Hsbc Global Res lowered shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. UBS Group raised their price target on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Robert W. Baird raised their price objective on shares of Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. Finally, Barclays reduced their price target on shares of Trane Technologies from $495.00 to $485.00 and set an “overweight” rating for the company in a research report on Tuesday, September 16th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $464.29.

Trane Technologies Stock Up 0.1%

TT opened at $416.31 on Monday. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. 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 50 day moving average price of $417.59 and a 200-day moving average price of $412.32. The stock has a market capitalization of $92.63 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.59 and a beta of 1.12.

Trane Technologies (NYSE:TT) last posted its earnings results on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.09. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be given a $0.94 dividend. This represents a $3.76 annualized dividend 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 presently 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.