Trane Technologies plc $TT Shares Sold by AMJ Financial Wealth Management

AMJ Financial Wealth Management lowered its position in Trane Technologies plc (NYSE:TT) by 1.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 19,305 shares of the company’s stock after selling 303 shares during the period. Trane Technologies accounts for approximately 2.1% of AMJ Financial Wealth Management’s portfolio, making the stock its 22nd biggest position. AMJ Financial Wealth Management’s holdings in Trane Technologies were worth $8,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in shares of Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after acquiring an additional 2,323 shares during the period. Arkadios Wealth Advisors boosted its holdings in Trane Technologies by 152.3% in the first quarter. Arkadios Wealth Advisors now owns 2,261 shares of the company’s stock valued at $762,000 after purchasing an additional 1,365 shares during the last quarter. Harbour Investments Inc. grew its position in Trane Technologies by 9.7% during the 1st quarter. Harbour Investments Inc. now owns 1,129 shares of the company’s stock worth $380,000 after purchasing an additional 100 shares during the period. TIAA Trust National Association raised its stake in shares of Trane Technologies by 0.9% during the 1st quarter. TIAA Trust National Association now owns 5,304 shares of the company’s stock valued at $1,787,000 after buying an additional 47 shares during the last quarter. Finally, Banco Santander S.A. acquired a new position in shares of Trane Technologies in the 1st quarter valued at about $728,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the sale, the chief accounting officer directly owned 7,148 shares in the company, valued at approximately $3,145,120. The trade was a 7.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

TT has been the topic of several analyst reports. Citigroup raised their target price on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a report on Friday, October 31st. UBS Group lifted their target price 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. JPMorgan Chase & Co. boosted their target price on shares of Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Barclays raised their price target on shares of Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Royal Bank Of Canada upped their price objective on shares of Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $470.07.

Trane Technologies Trading Down 2.7%

Shares of NYSE:TT opened at $410.14 on Tuesday. The business’s 50 day moving average price is $421.06 and its 200-day moving average price is $425.88. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The firm has a market capitalization of $90.94 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, equities research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies’s dividend payout ratio is 28.92%.

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.