Private Wealth Partners LLC Sells 150 Shares of Trane Technologies plc $TT

Private Wealth Partners LLC lowered its holdings in Trane Technologies plc (NYSE:TT) by 22.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 505 shares of the company’s stock after selling 150 shares during the period. Private Wealth Partners LLC’s holdings in Trane Technologies were worth $221,000 at the end of the most recent quarter.

Several other hedge funds and 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. Cambridge Investment Research Advisors Inc. increased its holdings in Trane Technologies by 13.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,141 shares of the company’s stock worth $3,417,000 after acquiring an additional 1,198 shares during the period. Perigon Wealth Management LLC increased its holdings in Trane Technologies by 6.4% during the 1st quarter. Perigon Wealth Management LLC now owns 2,045 shares of the company’s stock worth $689,000 after acquiring an additional 123 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Trane Technologies by 10.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 41,441 shares of the company’s stock worth $14,158,000 after acquiring an additional 3,927 shares during the period. Finally, Joel Isaacson & Co. LLC bought a new stake in Trane Technologies during the 1st quarter worth approximately $209,000. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total value 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 approximately $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays decreased their target price on shares of Trane Technologies from $495.00 to $485.00 and set an “overweight” rating on the stock in a report on Tuesday, September 16th. The Goldman Sachs Group upped their target price on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Wells Fargo & Company boosted their price target on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research note on Monday, October 6th. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and boosted their price target for the stock from $415.00 to $460.00 in a research note on Thursday, July 31st. Finally, Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $464.29.

Trane Technologies Price Performance

Shares of Trane Technologies stock opened at $428.57 on Tuesday. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The stock has a market capitalization of $95.36 billion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12. The company has a fifty day moving average of $416.35 and a 200-day moving average of $416.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.77 billion. During the same quarter in the prior year, the company earned $3.30 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities research analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 dividend yield of 0.9%. Trane Technologies’s dividend payout ratio 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.