Boyd Watterson Asset Management LLC OH Sells 29 Shares of Trane Technologies plc $TT

Boyd Watterson Asset Management LLC OH cut its holdings in shares of Trane Technologies plc (NYSE:TT) by 0.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,864 shares of the company’s stock after selling 29 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Trane Technologies were worth $1,690,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Howard Capital Management Inc. lifted its position in Trane Technologies by 2.9% during the second quarter. Howard Capital Management Inc. now owns 1,272 shares of the company’s stock valued at $556,000 after acquiring an additional 36 shares during the last quarter. Purkiss Capital Advisors LLC lifted its position in Trane Technologies by 4.2% during the second quarter. Purkiss Capital Advisors LLC now owns 688 shares of the company’s stock valued at $301,000 after acquiring an additional 28 shares during the last quarter. Clark Asset Management LLC purchased a new stake in Trane Technologies during the second quarter valued at approximately $1,319,000. Tevis Investment Management lifted its position in Trane Technologies by 16.1% during the second quarter. Tevis Investment Management now owns 972 shares of the company’s stock valued at $425,000 after acquiring an additional 135 shares during the last quarter. Finally, May Hill Capital LLC purchased a new stake in Trane Technologies during the second quarter valued at approximately $227,000. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Trading Up 0.6%

Shares of Trane Technologies stock opened at $428.57 on Tuesday. 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 firm has a fifty day moving average price of $416.35 and a 200 day moving average price of $416.32. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The stock has a market cap of $95.36 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12.

Trane Technologies (NYSE:TT) last issued its 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. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter last year, the company posted $3.30 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. 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 year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 (DPR) is 29.82%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TT. 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 research report on Tuesday, August 5th. Wells Fargo & Company increased their target price on shares of Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a research report on Monday, October 6th. Robert W. Baird raised their price target on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Citigroup decreased their price target on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Finally, Morgan Stanley raised their price target on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Trane Technologies has an average rating of “Hold” and a consensus price target of $464.29.

Trane Technologies Company 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.