Letson Investment Management Inc. Has $5.34 Million Stock Holdings in Trane Technologies plc $TT

Letson Investment Management Inc. decreased its stake in Trane Technologies plc (NYSE:TT) by 24.4% in the third quarter, HoldingsChannel reports. The firm owned 12,647 shares of the company’s stock after selling 4,085 shares during the period. Trane Technologies accounts for 1.9% of Letson Investment Management Inc.’s holdings, making the stock its 17th biggest position. Letson Investment Management Inc.’s holdings in Trane Technologies were worth $5,337,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Icon Advisers Inc. Co. acquired a new position in shares of Trane Technologies in the second quarter worth about $26,000. Financial Consulate Inc. purchased a new stake in shares of Trane Technologies in the 3rd quarter valued at approximately $25,000. Ameriflex Group Inc. acquired a new position in Trane Technologies in the 2nd quarter worth approximately $28,000. Hantz Financial Services Inc. grew its position in Trane Technologies by 1,016.7% during the 2nd 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. Finally, Halbert Hargrove Global Advisors LLC raised its stake in Trane Technologies by 34.2% during the 3rd 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 period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TT shares. Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $490.00 to $550.00 in a report on Thursday, November 13th. Citigroup raised their price objective on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Wells Fargo & Company lowered their target price on Trane Technologies from $415.00 to $375.00 and set an “underweight” rating on the stock in a research note on Friday, December 19th. KeyCorp upgraded Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Monday, December 15th. Finally, Royal Bank Of Canada raised their price target on shares of Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $469.40.

Trane Technologies Stock Up 2.2%

Shares of Trane Technologies stock opened at $397.85 on Monday. The firm has a market cap of $88.22 billion, a price-to-earnings ratio of 30.60, a P/E/G ratio of 2.02 and a beta of 1.21. The stock has a 50-day simple moving average of $410.04 and a 200-day simple moving average of $420.45. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share 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 13.93% and a return on equity of 37.04%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th were issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, December 5th. Trane Technologies’s dividend payout ratio (DPR) is 28.92%.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the 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 transaction, the chief accounting officer owned 7,148 shares in the company, valued at $3,145,120. This trade represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

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.