Trane Technologies plc $TT Shares Sold by National Bank of Canada FI

National Bank of Canada FI reduced its stake in Trane Technologies plc (NYSE:TT) by 38.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,869 shares of the company’s stock after selling 116,112 shares during the period. National Bank of Canada FI owned approximately 0.08% of Trane Technologies worth $81,290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of Trane Technologies by 60.0% during the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after buying an additional 2,323 shares during the period. Kovitz Investment Group Partners LLC grew its position in Trane Technologies by 12.5% in the first quarter. Kovitz Investment Group Partners LLC now owns 3,958 shares of the company’s stock valued at $1,333,000 after acquiring an additional 439 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Trane Technologies by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 797,692 shares of the company’s stock valued at $268,699,000 after purchasing an additional 4,085 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Trane Technologies by 35.6% during the first quarter. EverSource Wealth Advisors LLC now owns 2,195 shares of the company’s stock worth $740,000 after purchasing an additional 576 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Trane Technologies by 44.5% in the first quarter. American Century Companies Inc. now owns 130,116 shares of the company’s stock valued at $43,839,000 after purchasing an additional 40,063 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Down 3.1%

NYSE:TT opened at $391.07 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.20. The company has a market capitalization of $86.72 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.25 and a beta of 1.19. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. The stock has a 50-day simple moving average of $418.54 and a 200 day simple moving average of $424.19.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter last year, the business posted $3.37 EPS. Trane Technologies’s quarterly revenue was up 5.5% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Sell-side analysts predict that Trane Technologies plc will post 12.83 EPS 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. Shareholders of record on Friday, December 5th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 5th. Trane Technologies’s payout ratio is currently 28.92%.

Insiders Place Their Bets

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction 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 sale, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. This represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TT. Royal Bank Of Canada lifted their price target on shares of Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Citigroup lifted their target price on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $490.00 to $550.00 in a research note on Thursday, November 13th. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $470.07.

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.