TFB Advisors LLC Decreases Holdings in Trane Technologies plc $TT

TFB Advisors LLC cut its holdings in shares of Trane Technologies plc (NYSE:TT) by 8.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,102 shares of the company’s stock after selling 108 shares during the quarter. TFB Advisors LLC’s holdings in Trane Technologies were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Brookstone Capital Management increased its position in shares of Trane Technologies by 9.7% during the 2nd quarter. Brookstone Capital Management now owns 1,736 shares of the company’s stock valued at $759,000 after purchasing an additional 154 shares during the last quarter. Jacobsen Capital Management purchased a new stake in shares of Trane Technologies during the 2nd quarter valued at $215,000. Cullen Frost Bankers Inc. increased its position in shares of Trane Technologies by 5.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 26,327 shares of the company’s stock valued at $11,516,000 after purchasing an additional 1,410 shares during the last quarter. Legacy Wealth Asset Management LLC purchased a new stake in Trane Technologies in the 2nd quarter worth about $790,000. Finally, Triton Financial Group Inc purchased a new stake in Trane Technologies in the 2nd quarter worth about $1,273,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TT. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Morgan Stanley lifted their price objective on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Robert W. Baird lifted their price objective on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $464.29.

Trane Technologies Stock Down 3.8%

TT stock opened at $408.20 on Thursday. 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 capitalization of $90.83 billion, a PE ratio of 32.37, a PEG ratio of 2.64 and a beta of 1.12. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The stock has a 50-day simple moving average of $416.57 and a two-hundred day simple moving average of $413.06.

Trane Technologies (NYSE:TT) last posted its 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. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, equities analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies’s dividend payout ratio (DPR) is 29.82%.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of Trane Technologies 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 owned 123,713 shares in the company, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

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.