Machina Capital S.A.S. Sells 1,555 Shares of Trane Technologies plc $TT

Machina Capital S.A.S. lessened its position in shares of Trane Technologies plc (NYSE:TT) by 17.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,423 shares of the company’s stock after selling 1,555 shares during the quarter. Machina Capital S.A.S.’s holdings in Trane Technologies were worth $3,247,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Westside Investment Management Inc. increased its position in Trane Technologies by 222.7% during the second quarter. Westside Investment Management Inc. now owns 142 shares of the company’s stock valued at $62,000 after acquiring an additional 98 shares during the last quarter. State of Michigan Retirement System increased its position in Trane Technologies by 0.3% during the second quarter. State of Michigan Retirement System now owns 64,413 shares of the company’s stock valued at $28,175,000 after acquiring an additional 200 shares during the last quarter. Carson Advisory Inc. purchased a new stake in Trane Technologies in the second quarter worth about $245,000. Plato Investment Management Ltd raised its stake in shares of Trane Technologies by 0.5% in the second quarter. Plato Investment Management Ltd now owns 11,192 shares of the company’s stock worth $4,878,000 after buying an additional 55 shares during the period. Finally, Atlas Private Wealth Advisors raised its stake in shares of Trane Technologies by 0.7% in the second quarter. Atlas Private Wealth Advisors now owns 4,121 shares of the company’s stock worth $1,802,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Price Performance

Shares of Trane Technologies stock opened at $448.95 on Monday. The stock has a market cap of $99.90 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 2.66 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The stock has a 50 day moving average price of $417.33 and a 200-day moving average price of $419.55. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Equities analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Trane Technologies’s dividend payout ratio (DPR) is currently 28.92%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley raised their price objective on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Robert W. Baird increased their target price on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Barclays increased 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Trane Technologies presently has an average rating of “Hold” and a consensus price target of $466.50.

Insider Buying and Selling

In related news, CAO Elizabeth A. Elwell sold 600 shares of the firm’s 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David S. Regnery sold 22,497 shares of the firm’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 value 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by company insiders.

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.