Whittier Trust Co. Sells 189 Shares of Trane Technologies plc $TT

Whittier Trust Co. lessened its holdings in Trane Technologies plc (NYSE:TT) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,318 shares of the company’s stock after selling 189 shares during the period. Whittier Trust Co.’s holdings in Trane Technologies were worth $1,451,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TT. Brighton Jones LLC increased its position in Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after purchasing an additional 2,323 shares during the last quarter. GAMMA Investing LLC increased its position in Trane Technologies by 5.5% in the first quarter. GAMMA Investing LLC now owns 5,983 shares of the company’s stock worth $2,016,000 after purchasing an additional 314 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Trane Technologies by 13.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,141 shares of the company’s stock valued at $3,417,000 after acquiring an additional 1,198 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Trane Technologies by 495.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 4,252 shares of the company’s stock valued at $1,433,000 after acquiring an additional 3,538 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in Trane Technologies by 4.9% during the first quarter. Asset Management One Co. Ltd. now owns 99,359 shares of the company’s stock valued at $33,476,000 after acquiring an additional 4,660 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TT shares. Citigroup cut their price objective on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Morgan Stanley boosted their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. The Goldman Sachs Group boosted their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Finally, Northcoast Research cut shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $464.29.

Trane Technologies Trading Down 3.8%

NYSE TT opened at $408.20 on Thursday. The company’s 50-day moving average price is $416.57 and its 200-day moving average price is $413.06. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The stock has a market cap of $90.83 billion, a PE ratio of 32.37, a PEG ratio of 2.64 and a beta of 1.12. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.09. The firm had revenue of $5.75 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 yield of 0.9%. Trane Technologies’s dividend payout ratio is 29.82%.

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.