Atria Wealth Solutions Inc. Reduces Holdings in Trane Technologies plc $TT

Key Points

• Atria Wealth Solutions Inc. has reduced its holdings in Trane Technologies plc by 24.8%, now owning 9,827 shares valued at approximately $4.3 million.
• Trane Technologies' CEO David S. Regnery sold 22,497 shares, decreasing his ownership by 15.39%, equivalent to a transaction value of over $9.2 million.
• The company has announced a quarterly dividend of $0.94 per share, with an annualized dividend yield of 0.9% and an ex-dividend date set for December 5th.

Atria Wealth Solutions Inc. trimmed its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 24.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,827 shares of the company's stock after selling 3,239 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Trane Technologies were worth $4,299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of TT. Ameriflex Group Inc. bought a new stake in shares of Trane Technologies during the second quarter worth $28,000. Saudi Central Bank bought a new stake in shares of Trane Technologies during the first quarter worth $30,000. Opal Wealth Advisors LLC bought a new stake in shares of Trane Technologies during the first quarter worth $31,000. Bogart Wealth LLC lifted its position in shares of Trane Technologies by 97.9% during the first quarter. Bogart Wealth LLC now owns 93 shares of the company's stock worth $31,000 after purchasing an additional 46 shares during the last quarter. Finally, Tradewinds Capital Management LLC lifted its position in shares of Trane Technologies by 46.2% during the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after purchasing an additional 30 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the completion of the sale, the chief executive officer directly owned 123,713 shares of the company's stock, valued at approximately $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company's stock.

Trane Technologies Stock Performance

TT stock opened at $418.14 on Tuesday. The firm has a market cap of $93.04 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.57 and a beta of 1.12. The firm has a 50-day simple moving average of $418.28 and a two-hundred day simple moving average of $410.08. Trane Technologies plc has a one year low of $298.15 and a one year 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.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly 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. The business had revenue of $5.75 billion during 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 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend 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%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Morgan Stanley lifted their target price on Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Barclays decreased their target price on Trane Technologies from $495.00 to $485.00 and set an "overweight" rating for the company in a research report on Tuesday, September 16th. Wells Fargo & Company lifted their target price on Trane Technologies from $410.00 to $415.00 and gave the stock an "underweight" rating in a research report on Monday, October 6th. Robert W. Baird lifted their price objective on Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, Citigroup decreased their price objective on Trane Technologies from $499.00 to $494.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $457.73.

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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