Signature Estate & Investment Advisors LLC Increases Holdings in Trane Technologies plc $TT

Signature Estate & Investment Advisors LLC lifted its position in Trane Technologies plc (NYSE:TTFree Report) by 3.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,209 shares of the company’s stock after purchasing an additional 35 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Trane Technologies were worth $529,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Cottonwood Capital Advisors LLC lifted its holdings in Trane Technologies by 4.1% during the second quarter. Cottonwood Capital Advisors LLC now owns 704 shares of the company’s stock worth $308,000 after buying an additional 28 shares during the period. Koshinski Asset Management Inc. purchased a new stake in Trane Technologies during the second quarter worth $253,000. Huntleigh Advisors Inc. lifted its holdings in Trane Technologies by 2.5% during the second quarter. Huntleigh Advisors Inc. now owns 5,251 shares of the company’s stock worth $2,297,000 after buying an additional 130 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in Trane Technologies by 1.9% during the second quarter. Stratos Wealth Partners LTD. now owns 5,597 shares of the company’s stock worth $2,448,000 after buying an additional 103 shares during the period. Finally, Angeles Wealth Management LLC purchased a new stake in Trane Technologies during the second quarter worth $203,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TT. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Robert W. Baird upped their target price on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Citigroup lowered their target price on Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Barclays reduced their price target on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 16th. Finally, The Goldman Sachs Group upped their price target on Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $464.29.

Check Out Our Latest Stock Analysis on TT

Trane Technologies Price Performance

NYSE TT opened at $418.20 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 stock’s fifty day moving average price is $417.39 and its 200 day moving average price is $413.02. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The company has a market cap of $93.05 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.59 and a beta of 1.12.

Trane Technologies (NYSE:TTGet Free Report) last released its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the firm earned $3.30 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, equities research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be given a $0.94 dividend. 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 is presently 29.82%.

Insider Activity

In related news, CEO David S. Regnery sold 22,497 shares of the company’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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

Trane Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trane Technologies (NYSE:TT)

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