Mutual of America Capital Management LLC Lowers Holdings in Trane Technologies plc $TT

Mutual of America Capital Management LLC trimmed its holdings in Trane Technologies plc (NYSE:TT) by 3.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 30,992 shares of the company’s stock after selling 1,259 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Trane Technologies were worth $13,556,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. NorthRock Partners LLC increased its holdings in Trane Technologies by 1.2% in the 2nd quarter. NorthRock Partners LLC now owns 2,052 shares of the company’s stock worth $898,000 after buying an additional 24 shares in the last quarter. Csenge Advisory Group increased its holdings in Trane Technologies by 0.6% in the 1st quarter. Csenge Advisory Group now owns 3,944 shares of the company’s stock worth $1,314,000 after buying an additional 25 shares in the last quarter. Confluence Wealth Services Inc. increased its holdings in Trane Technologies by 0.7% in the 2nd quarter. Confluence Wealth Services Inc. now owns 3,609 shares of the company’s stock worth $1,579,000 after buying an additional 25 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in Trane Technologies by 23.4% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock worth $46,000 after buying an additional 26 shares in the last quarter. Finally, Fiera Capital Corp increased its holdings in Trane Technologies by 1.4% in the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company’s stock worth $650,000 after buying an additional 27 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TT. Morgan Stanley lifted their price objective on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. UBS Group boosted their price target on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, October 8th. The Goldman Sachs Group boosted their price target on Trane Technologies from $416.00 to $460.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Finally, HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and boosted their price target for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Trane Technologies presently has a consensus rating of “Hold” and a consensus price target of $464.29.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Trane Technologies Stock Up 0.1%

NYSE TT opened at $416.31 on Friday. The stock’s 50 day moving average is $417.59 and its 200 day moving average is $411.75. 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 plc has a 12 month low of $298.15 and a 12 month high of $476.18. The stock has a market cap of $92.63 billion, a PE ratio of 33.01, a P/E/G ratio of 2.58 and a beta of 1.12.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 36.61% and a net margin of 13.76%.The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Research analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be issued a dividend of $0.94 per share. 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 is 29.82%.

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.