Wescott Financial Advisory Group LLC Sells 81 Shares of Trane Technologies plc $TT

Wescott Financial Advisory Group LLC cut its stake in shares of Trane Technologies plc (NYSE:TT) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,669 shares of the company’s stock after selling 81 shares during the period. Wescott Financial Advisory Group LLC’s holdings in Trane Technologies were worth $562,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new stake in Trane Technologies during the 4th quarter valued at $26,000. WFA Asset Management Corp raised its stake in Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock valued at $25,000 after buying an additional 50 shares during the last quarter. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Trane Technologies in the 4th quarter worth $28,000. Opal Wealth Advisors LLC purchased a new stake in shares of Trane Technologies in the 1st quarter worth $31,000. Finally, Bogart Wealth LLC increased its stake in shares of Trane Technologies by 97.9% in the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after purchasing an additional 46 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Trading Down 0.8%

Shares of Trane Technologies stock opened at $422.72 on Friday. The company has a fifty day moving average of $435.58 and a 200 day moving average of $393.24. 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 $94.06 billion, a P/E ratio of 33.52, a P/E/G ratio of 2.66 and a beta of 1.09. 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 released its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the prior year, the firm earned $3.30 EPS. The business’s revenue was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, sell-side analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is presently 29.82%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TT shares. Royal Bank Of Canada upped their price objective on Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. The Goldman Sachs Group upped their price objective on Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Barclays upped their price objective on Trane Technologies from $480.00 to $495.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Stephens upgraded Trane Technologies from an “equal weight” rating to an “overweight” rating and set a $475.00 price objective for the company in a research note on Thursday, May 1st. Finally, Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $458.60.

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.