Generali Asset Management SPA SGR Cuts Stock Holdings in Trane Technologies plc $TT

Generali Asset Management SPA SGR lowered its holdings in Trane Technologies plc (NYSE:TT) by 14.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,654 shares of the company’s stock after selling 5,025 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Trane Technologies were worth $12,091,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Icon Advisers Inc. Co. bought a new position in Trane Technologies in the second quarter worth approximately $26,000. Financial Consulate Inc. purchased a new position in shares of Trane Technologies in the 3rd quarter valued at $25,000. Ameriflex Group Inc. bought a new position in shares of Trane Technologies in the 2nd quarter worth $28,000. Hantz Financial Services Inc. boosted its position in Trane Technologies by 1,016.7% during the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after purchasing an additional 61 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its stake in Trane Technologies by 34.2% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock valued at $43,000 after purchasing an additional 26 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Performance

Shares of NYSE TT opened at $389.17 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The company has a 50 day simple moving average of $410.60 and a two-hundred day simple moving average of $420.65. The stock has a market cap of $86.29 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 2.24 and a beta of 1.21.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.08. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were paid a $0.94 dividend. The ex-dividend date was Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.0%. Trane Technologies’s dividend payout ratio is presently 28.92%.

Analysts Set New Price Targets

Several research firms have commented on TT. Bank of America raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $490.00 to $550.00 in a research report on Thursday, November 13th. Citigroup increased their target price on shares of Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wells Fargo & Company reduced their price target on Trane Technologies from $415.00 to $375.00 and set an “underweight” rating on the stock in a research report on Friday, December 19th. JPMorgan Chase & Co. increased their price target on Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Finally, Barclays lifted their target price on shares of Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Eight research 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $469.40.

Insider Buying and Selling

In related news, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total transaction of $264,000.00. Following the completion of the transaction, the chief accounting officer directly owned 7,148 shares in the company, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Trane Technologies Company Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.