Notis McConarty Edward Has $1.25 Million Stock Holdings in Trane Technologies plc $TT

Notis McConarty Edward trimmed its holdings in Trane Technologies plc (NYSE:TT) by 5.0% during the second quarter, Holdings Channel reports. The firm owned 2,850 shares of the company’s stock after selling 150 shares during the quarter. Notis McConarty Edward’s holdings in Trane Technologies were worth $1,247,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in Trane Technologies during the 2nd quarter worth approximately $28,000. Saudi Central Bank acquired a new position in Trane Technologies during the 1st quarter worth approximately $30,000. Opal Wealth Advisors LLC acquired a new position in Trane Technologies during the 1st quarter worth approximately $31,000. Bogart Wealth LLC raised its stake in Trane Technologies by 97.9% during the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after buying an additional 46 shares during the period. Finally, Tradewinds Capital Management LLC raised its stake in Trane Technologies by 46.2% during the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock worth $32,000 after buying an additional 30 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, 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 SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on TT. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and upped their price target for the stock from $415.00 to $460.00 in a research note on Thursday, July 31st. Northcoast Research lowered Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday. Morgan Stanley boosted their price objective on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $457.73.

Trane Technologies Stock Performance

TT stock opened at $426.90 on Thursday. The firm has a market cap of $94.99 billion, a PE ratio of 33.85, a P/E/G ratio of 2.63 and a beta of 1.12. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average of $419.50 and a 200-day moving average of $407.88. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18.

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

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio is currently 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.