Forum Financial Management LP Sells 101 Shares of Trane Technologies plc $TT

Forum Financial Management LP trimmed its position in shares of Trane Technologies plc (NYSE:TT) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,992 shares of the company’s stock after selling 101 shares during the period. Forum Financial Management LP’s holdings in Trane Technologies were worth $871,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ethic Inc. increased its stake in Trane Technologies by 6.6% during the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock valued at $11,601,000 after acquiring an additional 1,672 shares during the period. OMNI 360 Wealth Inc. acquired a new position in Trane Technologies in the second quarter worth about $345,000. Triton Financial Group Inc acquired a new position in Trane Technologies in the second quarter worth about $1,273,000. Jones Financial Companies Lllp raised its position in Trane Technologies by 350.3% in the first quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock worth $7,140,000 after purchasing an additional 16,485 shares in the last quarter. Finally, BROOKFIELD Corp ON raised its position in Trane Technologies by 11.0% in the first quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company’s stock worth $2,772,000 after purchasing an additional 812 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Activity at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by company insiders.

Trane Technologies Stock Performance

NYSE TT opened at $416.15 on Friday. The firm has a market cap of $92.60 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 2.54 and a beta of 1.12. The company has a 50 day moving average of $416.31 and a 200-day moving average of $413.76. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.09. The company had revenue of $5.75 billion during 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 company’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, equities analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid 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 is 29.82%.

Analysts Set New Price Targets

Several research analysts recently issued reports on TT shares. UBS Group increased their price target on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price target on shares of Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Robert W. Baird increased their price target on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Citigroup dropped their price target 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. Finally, The Goldman Sachs Group increased their price target on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Trane Technologies currently has an average rating of “Hold” and a consensus price target of $464.29.

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.