WealthShield Partners LLC Sells 8,909 Shares of Trane Technologies plc $TT

WealthShield Partners LLC reduced its position in shares of Trane Technologies plc (NYSE:TT) by 46.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,235 shares of the company’s stock after selling 8,909 shares during the quarter. WealthShield Partners LLC’s holdings in Trane Technologies were worth $4,477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ameriflex Group Inc. purchased a new stake in Trane Technologies in the 2nd quarter worth $28,000. Hantz Financial Services Inc. grew its position in shares of Trane Technologies by 1,016.7% during the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after purchasing an additional 61 shares in the last quarter. Saudi Central Bank purchased a new position in Trane Technologies in the 1st quarter worth approximately $30,000. Dagco Inc. purchased a new stake in Trane Technologies during the 1st quarter valued at approximately $37,000. Finally, NewSquare Capital LLC raised its position in shares of Trane Technologies by 94.1% during the second quarter. NewSquare Capital LLC now owns 132 shares of the company’s stock valued at $58,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity

In related news, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were 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 owned 7,148 shares in the company, valued at $3,145,120. The trade was a 7.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David S. Regnery sold 22,497 shares of the firm’s 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 approximately $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is owned by insiders.

Trane Technologies Stock Performance

Trane Technologies stock opened at $418.60 on Friday. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The company has a market capitalization of $92.82 billion, a PE ratio of 33.20, a P/E/G ratio of 2.66 and a beta of 1.16. The company has a 50 day moving average price of $419.79 and a 200-day moving average price of $424.80. 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 (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. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the prior year, the business earned $3.37 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, equities analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies’s dividend payout ratio is 28.92%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Bank of America raised Trane Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $490.00 to $550.00 in a report on Thursday. UBS Group increased their price target on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Wells Fargo & Company lifted their price target on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research note on Monday, October 6th. Finally, Citigroup increased their price objective on shares of Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $472.07.

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.