Trane Technologies plc $TT Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC decreased its position in Trane Technologies plc (NYSE:TT) by 30.1% in the 2nd quarter, Holdings Channel reports. The fund owned 3,937 shares of the company’s stock after selling 1,693 shares during the period. Frank Rimerman Advisors LLC’s holdings in Trane Technologies were worth $1,722,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. acquired a new stake in Trane Technologies during the 2nd quarter valued at $28,000. Hantz Financial Services Inc. boosted its position in Trane Technologies by 1,016.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after buying an additional 61 shares during the last quarter. Saudi Central Bank acquired a new stake in shares of Trane Technologies during the first quarter valued at about $30,000. Dagco Inc. purchased a new stake in shares of Trane Technologies during the first quarter worth about $37,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in shares of Trane Technologies by 23.4% in the first quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock worth $46,000 after acquiring an additional 26 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 transaction 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 $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the completion of the sale, the chief accounting officer directly owned 7,148 shares in the company, valued at $3,145,120. This represents a 7.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

TT has been the subject of a number of recent analyst reports. UBS Group raised their price objective on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Wells Fargo & Company raised their price target on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research report on Monday, October 6th. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and upped their price target for the company from $415.00 to $460.00 in a report on Thursday, July 31st. Bank of America raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $490.00 to $550.00 in a report on Thursday, November 13th. Finally, Morgan Stanley boosted their target price on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Trane Technologies presently has a consensus rating of “Hold” and an average price target of $472.07.

Trane Technologies Stock Performance

Trane Technologies stock opened at $407.26 on Wednesday. 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 plc has a 12 month low of $298.15 and a 12 month high of $476.18. The company has a fifty day moving average price of $419.74 and a two-hundred day moving average price of $425.79. The company has a market cap of $90.30 billion, a PE ratio of 32.30, a P/E/G ratio of 2.66 and a beta of 1.16.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, October 30th. The company reported $3.88 earnings per share 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 company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the prior year, the company earned $3.37 earnings per share. The firm’s revenue 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. Research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued 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 yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is currently 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.