Trane Technologies plc $TT Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd decreased its holdings in Trane Technologies plc (NYSE:TT) by 8.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 252,950 shares of the company’s stock after selling 24,159 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Trane Technologies were worth $110,643,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TT. Brighton Jones LLC grew its stake in 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 purchasing an additional 2,323 shares in the last quarter. GAMMA Investing LLC raised its position in Trane Technologies by 5.5% in the 1st quarter. GAMMA Investing LLC now owns 5,983 shares of the company’s stock valued at $2,016,000 after purchasing an additional 314 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Trane Technologies by 13.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,141 shares of the company’s stock valued at $3,417,000 after buying an additional 1,198 shares during the period. Golden State Wealth Management LLC grew its position in shares of Trane Technologies by 338.7% during the first quarter. Golden State Wealth Management LLC now owns 465 shares of the company’s stock worth $157,000 after buying an additional 359 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its stake in shares of Trane Technologies by 6.4% during the first quarter. Perigon Wealth Management LLC now owns 2,045 shares of the company’s stock worth $689,000 after buying an additional 123 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Stock Performance

Shares of TT stock opened at $425.81 on Monday. The stock’s 50-day moving average is $416.36 and its two-hundred day moving average is $415.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The firm has a market cap of $94.75 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 2.65 and a beta of 1.12.

Trane Technologies (NYSE:TT) last posted its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.09. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

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

Analysts Set New Price Targets

TT has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $415.00 to $460.00 in a research report on Thursday, July 31st. Barclays dropped their target price on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating on the stock in a report on Tuesday, September 16th. Citigroup decreased their price target on Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Finally, UBS Group increased their price objective on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Trane Technologies currently has an average rating of “Hold” and an average price target of $464.29.

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 shares were sold at an average price of $410.00, for a total value of $9,223,770.00. Following the transaction, the chief executive officer directly 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. 0.14% of the stock is owned by 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.