Ameritas Advisory Services LLC Sells 914 Shares of Trane Technologies plc $TT

Key Points

• Ameritas Advisory Services LLC reduced its position in Trane Technologies plc by 67.5%, selling 914 shares, and now holds 441 shares valued at $193,000.
• Multiple analysts have adjusted their ratings on Trane Technologies, with Goldman Sachs raising its price target from $416 to $460, while HSBC Global Research downgraded it from "strong-buy" to "hold."
• Trane Technologies announced a quarterly dividend of $0.94 per share, with an ex-dividend date set for December 5th, representing an annualized dividend yield of 0.9%.

Ameritas Advisory Services LLC trimmed its position in Trane Technologies plc (NYSE:TT - Free Report) by 67.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 441 shares of the company's stock after selling 914 shares during the quarter. Ameritas Advisory Services LLC's holdings in Trane Technologies were worth $193,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TT. Vanguard Group Inc. raised its holdings in Trane Technologies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 19,456,776 shares of the company's stock valued at $6,555,377,000 after acquiring an additional 221,206 shares during the period. JPMorgan Chase & Co. increased its position in Trane Technologies by 9.8% during the first quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company's stock worth $5,297,235,000 after acquiring an additional 1,408,421 shares during the period. Ameriprise Financial Inc. increased its position in Trane Technologies by 7.2% during the first quarter. Ameriprise Financial Inc. now owns 3,585,300 shares of the company's stock worth $1,208,044,000 after acquiring an additional 241,910 shares during the period. Nuveen LLC bought a new position in shares of Trane Technologies during the first quarter worth approximately $877,468,000. Finally, Northern Trust Corp increased its holdings in shares of Trane Technologies by 0.7% during the first quarter. Northern Trust Corp now owns 2,584,819 shares of the company's stock worth $870,877,000 after purchasing an additional 17,292 shares during the period. 82.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Hsbc Global Res cut Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. The Goldman Sachs Group raised their target price on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Citigroup decreased their target price on shares of Trane Technologies from $499.00 to $494.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. Northcoast Research cut shares of Trane Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, August 1st. Finally, UBS Group lifted their price target on Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $457.73.

Insider Activity at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the transaction, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. This represents a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by insiders.

Trane Technologies Trading Up 0.9%

NYSE TT opened at $426.90 on Thursday. The firm has a market capitalization of $94.99 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.63 and a beta of 1.12. The business'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 plc has a 12 month low of $298.15 and a 12 month high of $476.18.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating analysts' consensus estimates of $3.79 by $0.09. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.9%. Trane Technologies's dividend payout ratio is presently 29.82%.

Trane Technologies Company 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.

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