CVA Family Office LLC Sells 27 Shares of Trane Technologies plc $TT

CVA Family Office LLC cut its holdings in Trane Technologies plc (NYSE:TT) by 3.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 833 shares of the company’s stock after selling 27 shares during the period. CVA Family Office LLC’s holdings in Trane Technologies were worth $364,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Ethic Inc. grew its position in Trane Technologies by 6.6% during the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock worth $11,601,000 after buying an additional 1,672 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new stake in shares of Trane Technologies during the 2nd quarter worth $345,000. Triton Financial Group Inc acquired a new stake in shares of Trane Technologies during the 2nd quarter worth $1,273,000. Jones Financial Companies Lllp increased its position in shares of Trane Technologies by 350.3% in the first quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock worth $7,140,000 after purchasing an additional 16,485 shares during the period. Finally, BROOKFIELD Corp ON raised its stake in Trane Technologies by 11.0% in the first quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company’s stock valued at $2,772,000 after purchasing an additional 812 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the 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 directly owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TT. Citigroup reduced their price target on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Northcoast Research cut Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Wells Fargo & Company upped their price objective on Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. lifted 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. Finally, The Goldman Sachs Group increased their target price on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $464.29.

Trane Technologies Price Performance

Trane Technologies stock opened at $425.81 on Friday. The stock has a 50-day moving average price of $416.36 and a two-hundred day moving average price of $415.21. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The company has a market capitalization of $94.75 billion, a PE ratio of 33.77, a P/E/G ratio of 2.65 and a beta of 1.12. 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 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 return on equity of 36.61% and a net margin of 13.76%.The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

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

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.