Apollon Wealth Management LLC Has $4.06 Million Stake in Trane Technologies plc $TT

Key Points

• Apollon Wealth Management LLC reduced its stake in Trane Technologies by 11.6%, bringing its holdings to 9,269 shares valued at approximately $4.06 million.
• Trane Technologies announced a quarterly dividend of $0.94, with an annualized yield of 0.9%, scheduled for payment on December 31st, to shareholders of record on December 5th.
• As of the latest reports, analysts have given Trane Technologies a consensus rating of "Hold," with price targets ranging from $415.00 to $467.00.

Apollon Wealth Management LLC trimmed its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 11.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,269 shares of the company's stock after selling 1,222 shares during the period. Apollon Wealth Management LLC's holdings in Trane Technologies were worth $4,055,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC lifted its position in shares of Trane Technologies by 8.9% during the second quarter. Fifth Third Wealth Advisors LLC now owns 8,786 shares of the company's stock worth $3,843,000 after purchasing an additional 718 shares in the last quarter. Aberdeen Group plc lifted its position in shares of Trane Technologies by 16.7% during the second quarter. Aberdeen Group plc now owns 432,062 shares of the company's stock worth $187,748,000 after purchasing an additional 61,784 shares in the last quarter. Strengthening Families & Communities LLC lifted its position in shares of Trane Technologies by 8.6% during the second quarter. Strengthening Families & Communities LLC now owns 5,016 shares of the company's stock worth $2,095,000 after purchasing an additional 399 shares in the last quarter. JB Capital LLC lifted its position in shares of Trane Technologies by 12.0% during the second quarter. JB Capital LLC now owns 2,306 shares of the company's stock worth $1,008,000 after purchasing an additional 247 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Trane Technologies by 7.6% during the second quarter. Blue Trust Inc. now owns 3,013 shares of the company's stock worth $1,318,000 after purchasing an additional 212 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TT. Wells Fargo & Company upped their target price 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. Northcoast Research downgraded shares of Trane Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, August 1st. Weiss Ratings reissued a "buy (b)" rating on shares of Trane Technologies in a research note on Wednesday. Hsbc Global Res downgraded shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada boosted their price target on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $457.73.

Insider Buying and Selling

In other news, CEO David S. Regnery sold 22,497 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company's stock.

Trane Technologies Stock Down 1.1%

Shares of NYSE:TT opened at $414.09 on Friday. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The company has a market capitalization of $92.14 billion, a PE ratio of 32.84, a PEG ratio of 2.57 and a beta of 1.12. The company has a 50 day moving average price of $418.60 and a two-hundred day moving average price of $409.03.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results 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 firm 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 earnings per share. The business's quarterly 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. Analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, December 5th. Trane Technologies's dividend payout ratio is presently 29.82%.

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.

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