Wescott Financial Advisory Group LLC Trims Stake in Trane Technologies plc $TT

Wescott Financial Advisory Group LLC reduced its position in Trane Technologies plc (NYSE:TT) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,669 shares of the company’s stock after selling 81 shares during the quarter. Wescott Financial Advisory Group LLC’s holdings in Trane Technologies were worth $562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compound Planning Inc. raised its position in Trane Technologies by 25.4% in the 1st quarter. Compound Planning Inc. now owns 2,233 shares of the company’s stock worth $752,000 after purchasing an additional 452 shares during the period. Ameriprise Financial Inc. raised its position in Trane Technologies by 7.2% in the 1st quarter. Ameriprise Financial Inc. now owns 3,585,300 shares of the company’s stock worth $1,208,044,000 after purchasing an additional 241,910 shares during the period. Bragg Financial Advisors Inc raised its position in Trane Technologies by 3.3% in the 1st quarter. Bragg Financial Advisors Inc now owns 24,046 shares of the company’s stock worth $8,102,000 after purchasing an additional 757 shares during the period. Norinchukin Bank The raised its position in Trane Technologies by 15.5% in the 1st quarter. Norinchukin Bank The now owns 11,961 shares of the company’s stock worth $4,030,000 after purchasing an additional 1,605 shares during the period. Finally, CW Advisors LLC increased its position in shares of Trane Technologies by 107.6% during the first quarter. CW Advisors LLC now owns 4,136 shares of the company’s stock worth $1,408,000 after acquiring an additional 2,144 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stephens raised shares of Trane Technologies from an “equal weight” rating to an “overweight” rating and set a $475.00 target price on the stock in a research report on Thursday, May 1st. Northcoast Research lowered shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, August 1st. Barclays raised their target price on shares of Trane Technologies from $480.00 to $495.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Finally, The Goldman Sachs Group raised their target price 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. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $458.60.

Trane Technologies Price Performance

NYSE TT opened at $422.72 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The firm’s 50 day moving average price is $435.58 and its 200-day moving average price is $393.24. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The company has a market cap of $94.06 billion, a PE ratio of 33.52, a P/E/G ratio of 2.66 and a beta of 1.09.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.09. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Sell-side analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 5th. Trane Technologies’s dividend payout ratio (DPR) is 29.82%.

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.