Prospera Financial Services Inc Sells 958 Shares of Trane Technologies plc $TT

Prospera Financial Services Inc cut its holdings in shares of Trane Technologies plc (NYSE:TT) by 21.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,588 shares of the company’s stock after selling 958 shares during the period. Prospera Financial Services Inc’s holdings in Trane Technologies were worth $1,570,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TT. Ameriflex Group Inc. bought a new position in shares of Trane Technologies in the second quarter valued at approximately $28,000. Hantz Financial Services Inc. raised its position in Trane Technologies by 1,016.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after buying an additional 61 shares during the last quarter. Saudi Central Bank bought a new position in Trane Technologies during the 1st quarter valued at $30,000. Bogart Wealth LLC boosted its holdings 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 acquiring an additional 46 shares during the last quarter. Finally, Dagco Inc. purchased a new position in Trane Technologies during the 1st quarter worth $37,000. Institutional investors own 82.97% of the company’s stock.

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 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 $50,722,330. The trade was a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the sale, the chief accounting officer directly owned 7,148 shares in the company, valued at $3,145,120. This trade represents a 7.74% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TT has been the topic of a number of recent analyst reports. Northcoast Research lowered shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, August 1st. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Citigroup boosted their target price on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and increased their price target for the company from $415.00 to $460.00 in a research report on Thursday, July 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research report on Wednesday, October 8th. Six investment 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. According to data from MarketBeat.com, Trane Technologies has an average rating of “Hold” and a consensus target price of $466.50.

Trane Technologies Stock Performance

Shares of TT opened at $421.20 on Wednesday. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The stock’s fifty day moving average price is $419.39 and its two-hundred day moving average price is $424.42. The firm has a market cap of $93.40 billion, a PE ratio of 33.40, a PEG ratio of 2.66 and a beta of 1.16.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data 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 company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.80 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, equities research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

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 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 yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is 28.92%.

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.