AE Wealth Management LLC Raises Stock Holdings in Trane Technologies plc $TT

AE Wealth Management LLC boosted its position in Trane Technologies plc (NYSE:TT) by 33.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,808 shares of the company’s stock after purchasing an additional 701 shares during the quarter. AE Wealth Management LLC’s holdings in Trane Technologies were worth $1,228,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Paradigm Asset Management Co. LLC bought a new position in shares of Trane Technologies during the 2nd quarter worth approximately $1,531,000. Legacy Investment Solutions LLC acquired a new position in shares of Trane Technologies during the second quarter worth $275,000. Summit Wealth & Retirement Planning Inc. purchased a new stake in shares of Trane Technologies during the 2nd quarter valued at $314,000. Penserra Capital Management LLC boosted its position in shares of Trane Technologies by 39.9% in the 2nd quarter. Penserra Capital Management LLC now owns 1,542 shares of the company’s stock worth $673,000 after purchasing an additional 440 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC grew its stake in Trane Technologies by 77.7% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 2,227 shares of the company’s stock worth $974,000 after buying an additional 974 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Up 0.1%

TT stock opened at $422.11 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. The firm’s fifty day moving average is $419.67 and its 200 day moving average is $424.40. The firm has a market cap of $93.60 billion, a PE ratio of 33.47, a P/E/G ratio of 2.66 and a beta of 1.16.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.08. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, research analysts forecast 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. Shareholders of record on Friday, December 5th will be issued a $0.94 dividend. The ex-dividend date 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 presently 28.92%.

Insider Activity

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction dated Thursday, October 30th. The shares were 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 owned 7,148 shares in the company, valued at approximately $3,145,120. This represents a 7.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David S. Regnery sold 22,497 shares of Trane Technologies 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 owned 123,713 shares in the company, valued at approximately $50,722,330. This represents a 15.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TT shares. Citigroup increased their price target on Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Robert W. Baird increased their price objective 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. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Morgan Stanley upped 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. Finally, 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 report on Monday, October 6th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Trane Technologies has a consensus rating of “Hold” and a consensus price target of $466.50.

Trane Technologies Company 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.