Kintegral Advisory LLC Lowers Holdings in Trane Technologies plc $TT

Kintegral Advisory LLC reduced its stake in shares of Trane Technologies plc (NYSE:TT) by 0.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 17,777 shares of the company’s stock after selling 26 shares during the period. Kintegral Advisory LLC’s holdings in Trane Technologies were worth $7,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Csenge Advisory Group raised its position in shares of Trane Technologies by 0.6% in the first quarter. Csenge Advisory Group now owns 3,944 shares of the company’s stock valued at $1,314,000 after buying an additional 25 shares during the last quarter. Confluence Wealth Services Inc. grew its stake in Trane Technologies by 0.7% during the 2nd quarter. Confluence Wealth Services Inc. now owns 3,609 shares of the company’s stock valued at $1,579,000 after acquiring an additional 25 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Trane Technologies by 23.4% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock valued at $46,000 after acquiring an additional 26 shares during the last quarter. Fiera Capital Corp lifted its stake in Trane Technologies by 1.4% in the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company’s stock worth $650,000 after purchasing an additional 27 shares in the last quarter. Finally, Old Port Advisors grew its position in shares of Trane Technologies by 3.7% in the second quarter. Old Port Advisors now owns 754 shares of the company’s stock valued at $330,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on TT shares. HSBC downgraded 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. Robert W. Baird boosted their price target on shares of Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Citigroup cut their price objective on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Barclays reduced their target price on shares of Trane Technologies from $495.00 to $485.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 16th. Finally, Morgan Stanley increased their price target on shares of Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $457.73.

Insider Activity

In related news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the transaction, the chief executive officer owned 123,713 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Trading Down 1.1%

Shares of TT stock opened at $414.09 on Monday. 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 $92.14 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 2.57 and a beta of 1.12. The company has a 50-day moving average of $418.60 and a two-hundred day moving average of $409.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.79 by $0.09. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies’s payout ratio is presently 29.82%.

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.