International Assets Investment Management LLC Lowers Stock Holdings in Trane Technologies plc $TT

International Assets Investment Management LLC cut its stake in shares of Trane Technologies plc (NYSE:TT) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,935 shares of the company’s stock after selling 313 shares during the quarter. International Assets Investment Management LLC’s holdings in Trane Technologies were worth $1,721,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Gladwyn Financial Advisors Inc. bought a new position in Trane Technologies in the second quarter worth approximately $222,000. Swmg LLC grew its position in shares of Trane Technologies by 58.6% during the 2nd quarter. Swmg LLC now owns 1,427 shares of the company’s stock worth $674,000 after buying an additional 527 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its stake in shares of Trane Technologies by 3.0% during the second quarter. Signature Estate & Investment Advisors LLC now owns 1,209 shares of the company’s stock valued at $529,000 after buying an additional 35 shares during the period. Cottonwood Capital Advisors LLC raised its holdings in shares of Trane Technologies by 4.1% in the second quarter. Cottonwood Capital Advisors LLC now owns 704 shares of the company’s stock valued at $308,000 after acquiring an additional 28 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new stake in Trane Technologies in the second quarter worth about $253,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

TT has been the subject of several recent research reports. UBS Group boosted their price target on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Morgan Stanley boosted their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Robert W. Baird lifted their price target on Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Finally, HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and upped their price objective for the stock from $415.00 to $460.00 in a research note on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $464.29.

Trane Technologies Stock Performance

Shares of TT stock opened at $416.31 on Monday. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The business’s fifty day simple moving average is $417.59 and its 200-day simple moving average is $412.32. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a market cap of $92.63 billion, a PE ratio of 33.01, a PEG ratio of 2.59 and a beta of 1.12.

Trane Technologies (NYSE:TT) last announced its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the previous year, the business earned $3.30 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 5th. Trane Technologies’s dividend payout ratio (DPR) is presently 29.82%.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by company insiders.

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.