Burney Co. Sells 308 Shares of Trane Technologies plc $TT

Burney Co. decreased its stake in shares of Trane Technologies plc (NYSE:TT) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,667 shares of the company’s stock after selling 308 shares during the quarter. Burney Co.’s holdings in Trane Technologies were worth $9,477,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Trane Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 19,456,776 shares of the company’s stock worth $6,555,377,000 after acquiring an additional 221,206 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Trane Technologies by 9.8% during the first quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company’s stock valued at $5,297,235,000 after purchasing an additional 1,408,421 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Trane Technologies by 7.2% during the 1st quarter. Ameriprise Financial Inc. now owns 3,585,300 shares of the company’s stock worth $1,208,044,000 after purchasing an additional 241,910 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Trane Technologies in the 1st quarter valued at about $877,468,000. Finally, Northern Trust Corp grew its stake in shares of Trane Technologies by 0.7% in the 1st quarter. Northern Trust Corp now owns 2,584,819 shares of the company’s stock valued at $870,877,000 after buying an additional 17,292 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup increased their price target on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a report on Friday. Barclays upped their target price on Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. Finally, UBS Group raised their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and a consensus target price of $466.50.

Insider Activity

In related news, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total transaction of $264,000.00. Following the completion of the sale, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David S. Regnery sold 22,497 shares of the business’s 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 transaction, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. This represents a 15.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.14% of the company’s stock.

Trane Technologies Trading Up 0.6%

NYSE TT opened at $448.95 on Monday. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $417.33 and a 200 day simple moving average of $419.55. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The firm has a market capitalization of $99.90 billion, a P/E ratio of 35.60, a PEG ratio of 2.66 and a beta of 1.12.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the previous year, the firm earned $3.37 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, 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. Shareholders of record on Friday, December 5th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Trane Technologies’s dividend payout ratio is presently 28.92%.

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.