Trane Technologies plc $TT Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC trimmed its position in shares of Trane Technologies plc (NYSE:TT) by 23.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,494 shares of the company’s stock after selling 745 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Trane Technologies were worth $1,091,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its stake 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 worth $2,288,000 after buying an additional 2,323 shares in the last quarter. NBC Securities Inc. acquired a new position in Trane Technologies during the first quarter worth $39,000. Farther Finance Advisors LLC grew its holdings in Trane Technologies by 22.9% during the first quarter. Farther Finance Advisors LLC now owns 3,179 shares of the company’s stock worth $1,086,000 after acquiring an additional 592 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Trane Technologies during the first quarter worth $1,135,000. Finally, Wealthcare Advisory Partners LLC grew its holdings in Trane Technologies by 4.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 4,758 shares of the company’s stock worth $1,603,000 after acquiring an additional 209 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Trading Down 1.8%

Trane Technologies stock opened at $418.58 on Friday. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The stock has a market cap of $93.14 billion, a PE ratio of 33.19, a P/E/G ratio of 2.65 and a beta of 1.12. The stock has a 50-day moving average price of $419.10 and a 200 day moving average price of $408.30. 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 (NYSE:TT) last released its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.09. The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities research 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 is Friday, December 5th. This represents a $3.76 annualized dividend and a yield of 0.9%. Trane Technologies’s payout ratio is 29.82%.

Analysts Set New Price Targets

Several brokerages have commented on TT. Wells Fargo & Company boosted their target price on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research report on Monday. Barclays reduced their price objective on shares of Trane Technologies from $495.00 to $485.00 and set an “overweight” rating for the company in a research note on Tuesday, September 16th. UBS Group increased their target price 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. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and increased their target price for the company from $415.00 to $460.00 in a report on Thursday, July 31st. Finally, Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $457.73.

Insider Activity at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of 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 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 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.