Universal Beteiligungs und Servicegesellschaft mbH Cuts Holdings in Trane Technologies plc $TT

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in Trane Technologies plc (NYSE:TT) by 9.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 349,835 shares of the company’s stock after selling 35,676 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.16% of Trane Technologies worth $153,021,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ethic Inc. raised its holdings in shares of Trane Technologies by 6.6% in the 2nd quarter. Ethic Inc. now owns 26,836 shares of the company’s stock worth $11,601,000 after purchasing an additional 1,672 shares during the period. Triton Financial Group Inc purchased a new stake in Trane Technologies in the second quarter worth $1,273,000. OMNI 360 Wealth Inc. bought a new stake in shares of Trane Technologies in the second quarter valued at $345,000. Jones Financial Companies Lllp lifted its position in shares of Trane Technologies by 350.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock valued at $7,140,000 after buying an additional 16,485 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its stake in shares of Trane Technologies by 2.7% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 28,083 shares of the company’s stock worth $12,284,000 after acquiring an additional 726 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In other 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Elizabeth A. Elwell sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total transaction of $264,000.00. Following the completion of the sale, the chief accounting officer directly owned 7,148 shares in the company, valued at $3,145,120. This represents a 7.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.14% of the company’s stock.

Trane Technologies Stock Performance

NYSE TT opened at $418.60 on Friday. The company’s 50 day simple moving average is $419.79 and its two-hundred day simple moving average is $425.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The stock has a market capitalization of $92.82 billion, a PE ratio of 33.20, a P/E/G ratio of 2.66 and a beta of 1.16.

Trane Technologies (NYSE:TT) last released its quarterly 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. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the prior year, the firm posted $3.37 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Analysts predict that Trane Technologies plc will post 12.83 earnings per share 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. Shareholders of record on Friday, December 5th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is presently 28.92%.

Analyst Ratings Changes

TT has been the topic of a number of research reports. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and boosted their price objective for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Barclays lifted their target price on shares of Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Wells Fargo & Company upped their price target on shares of Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a research note on Monday, October 6th. UBS Group raised their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Seven investment 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. According to MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and an average price target of $472.07.

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.