Dorsey Wright & Associates Has $7.36 Million Holdings in Trane Technologies plc $TT

Dorsey Wright & Associates grew its holdings in Trane Technologies plc (NYSE:TT) by 4.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,829 shares of the company’s stock after acquiring an additional 743 shares during the period. Trane Technologies comprises 1.8% of Dorsey Wright & Associates’ holdings, making the stock its 14th biggest position. Dorsey Wright & Associates’ holdings in Trane Technologies were worth $7,361,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC grew its position 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 valued at $2,288,000 after purchasing an additional 2,323 shares during the last quarter. Private Advisor Group LLC boosted its stake in Trane Technologies by 22.9% in the 1st quarter. Private Advisor Group LLC now owns 12,708 shares of the company’s stock valued at $4,282,000 after purchasing an additional 2,366 shares during the period. Kestra Private Wealth Services LLC grew its holdings in Trane Technologies by 2.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 9,356 shares of the company’s stock valued at $3,152,000 after buying an additional 183 shares in the last quarter. Atlantic Union Bankshares Corp increased its position in Trane Technologies by 9.1% during the 1st quarter. Atlantic Union Bankshares Corp now owns 813 shares of the company’s stock worth $274,000 after buying an additional 68 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of Trane Technologies by 340.4% during the first quarter. J.W. Cole Advisors Inc. now owns 7,883 shares of the company’s stock worth $2,656,000 after buying an additional 6,093 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TT shares. 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 research report on Friday, October 31st. Citigroup increased 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. Morgan Stanley raised their price target on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Wells Fargo & Company upped their price objective on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research report on Monday, October 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. Seven investment 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 data from MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and an average target price of $472.07.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction dated 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 in the company, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Elizabeth A. Elwell sold 600 shares of the business’s 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 owned 7,148 shares in the company, valued at approximately $3,145,120. This trade represents a 7.74% 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 corporate insiders.

Trane Technologies Stock Performance

Trane Technologies stock opened at $407.26 on Wednesday. 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 stock has a market cap of $90.30 billion, a PE ratio of 32.30, a P/E/G ratio of 2.66 and a beta of 1.16. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The business’s 50-day moving average price is $419.74 and its two-hundred day moving average price is $425.79.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. The firm 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 business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s payout ratio is currently 28.92%.

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.