Trane Technologies plc $TT Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its stake in shares of Trane Technologies plc (NYSE:TT) by 14.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 280,405 shares of the company’s stock after selling 47,122 shares during the period. Bank of Montreal Can’s holdings in Trane Technologies were worth $122,652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TT. Brighton Jones LLC raised its position in shares of Trane Technologies by 60.0% during the 4th 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. Private Trust Co. NA raised its position in shares of Trane Technologies by 22.0% during the 1st quarter. Private Trust Co. NA now owns 942 shares of the company’s stock worth $317,000 after purchasing an additional 170 shares during the last quarter. Mutual Advisors LLC raised its position in shares of Trane Technologies by 118.4% during the 1st quarter. Mutual Advisors LLC now owns 1,151 shares of the company’s stock worth $401,000 after purchasing an additional 624 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Trane Technologies by 2.2% in the 1st quarter. D.A. Davidson & CO. now owns 8,222 shares of the company’s stock valued at $2,770,000 after acquiring an additional 174 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in Trane Technologies by 12.8% in the 1st quarter. OneDigital Investment Advisors LLC now owns 5,346 shares of the company’s stock valued at $1,801,000 after acquiring an additional 607 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction that occurred on 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 trade represents a 7.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the completion of the sale, the chief executive officer owned 123,713 shares of the company’s stock, valued at $50,722,330. This trade 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 insiders.

Trane Technologies Stock Down 0.5%

TT stock opened at $446.29 on Tuesday. The firm has a market cap of $99.31 billion, a PE ratio of 35.39, a PEG ratio of 2.66 and a beta of 1.12. 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 $417.86 and its 200-day moving average price is $420.35. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.80 by $0.08. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.80 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 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, equities research analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Trane Technologies’s payout ratio is presently 28.92%.

Analyst Ratings Changes

A number of analysts have commented on TT shares. The Goldman Sachs Group increased their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. UBS Group increased their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Northcoast Research downgraded shares of Trane Technologies from a “buy” rating to a “neutral” rating in a 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $466.50.

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.