Notis McConarty Edward Has $1.25 Million Position in Trane Technologies plc $TT

Notis McConarty Edward reduced its position in shares of Trane Technologies plc (NYSE:TT) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,850 shares of the company’s stock after selling 150 shares during the period. Notis McConarty Edward’s holdings in Trane Technologies were worth $1,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC raised its holdings in Trane Technologies by 19.2% in the 1st quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company’s stock valued at $382,000 after acquiring an additional 183 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new position in Trane Technologies in the 2nd quarter valued at $345,000. Jones Financial Companies Lllp raised its holdings in Trane Technologies by 350.3% in the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock valued at $7,140,000 after acquiring an additional 16,485 shares in the last quarter. BROOKFIELD Corp ON raised its holdings in Trane Technologies by 11.0% in the 1st quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company’s stock valued at $2,772,000 after acquiring an additional 812 shares in the last quarter. Finally, Nippon Life Global Investors Americas Inc. raised its holdings in Trane Technologies by 17.5% in the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company’s stock valued at $1,041,000 after acquiring an additional 460 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup decreased their price target on Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Royal Bank Of Canada lifted their price target on Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Barclays reduced their price objective on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 16th. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $415.00 to $460.00 in a research report on Thursday, July 31st. Finally, Robert W. Baird boosted their price objective on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $457.73.

Trane Technologies Stock Up 0.9%

Shares of TT opened at $426.90 on Thursday. The company has a market capitalization of $94.99 billion, a PE ratio of 33.85, a PEG ratio of 2.63 and a beta of 1.12. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The stock’s 50-day moving average price is $419.50 and its two-hundred day moving average price is $407.88. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT) last announced its earnings results on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.79 by $0.09. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 5th. Trane Technologies’s payout ratio is currently 29.82%.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of the business’s 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 transaction, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at $50,722,330. The trade was a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by corporate insiders.

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.