Oppenheimer Asset Management Inc. Sells 65 Shares of Trane Technologies plc $TT

Oppenheimer Asset Management Inc. reduced its stake in Trane Technologies plc (NYSE:TT) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,187 shares of the company’s stock after selling 65 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Trane Technologies were worth $1,831,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new position in shares of Trane Technologies during the second quarter worth approximately $28,000. Saudi Central Bank acquired a new position in Trane Technologies in the 1st quarter valued at $30,000. Bogart Wealth LLC increased its position in Trane Technologies by 97.9% during the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after buying an additional 46 shares during the period. Olde Wealth Management LLC acquired a new stake in shares of Trane Technologies during the first quarter worth $37,000. Finally, Dagco Inc. bought a new stake in shares of Trane Technologies in the first quarter valued at about $37,000. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TT. Morgan Stanley raised their price target on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price target on Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research report on Monday, October 6th. Finally, Northcoast Research cut Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Trane Technologies presently has a consensus rating of “Hold” and an average price target of $464.29.

Trane Technologies Stock Performance

NYSE TT opened at $447.10 on Friday. The firm’s 50 day simple moving average is $416.83 and its 200 day simple moving average is $417.70. The firm has a market capitalization of $99.48 billion, a price-to-earnings ratio of 35.46, a P/E/G ratio of 2.66 and a beta of 1.12. 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 plc has a 1 year low of $298.15 and a 1 year high of $476.18.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.08. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.80 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 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 annualized dividend and a yield of 0.8%. 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 business’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 transaction, the chief executive officer owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Trane Technologies 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.