Crux Wealth Advisors Sells 944 Shares of Trane Technologies plc $TT

Key Points

• Crux Wealth Advisors reduced its stake in Trane Technologies by 44.2%, selling 944 shares during the 2nd quarter, bringing its total holdings to 1,193 shares valued at approximately $522,000.
• Trane Technologies has seen a series of analyst upgrades, with UBS Group and Morgan Stanley raising their price targets to $544.00 and $520.00 respectively, while the stock currently holds an average rating of "Hold".
• The company announced a quarterly dividend of $0.94 per share, payable on December 31st, with a current dividend yield of 0.9% and a payout ratio of 29.82%.

Crux Wealth Advisors cut its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 44.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,193 shares of the company's stock after selling 944 shares during the quarter. Crux Wealth Advisors' holdings in Trane Technologies were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new stake in Trane Technologies during the 2nd quarter worth approximately $28,000. Saudi Central Bank bought a new stake in Trane Technologies during the 1st quarter worth approximately $30,000. Bogart Wealth LLC grew its holdings in Trane Technologies by 97.9% during the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company's stock worth $31,000 after acquiring an additional 46 shares during the last quarter. Tradewinds Capital Management LLC grew its holdings in Trane Technologies by 46.2% during the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after acquiring an additional 30 shares during the last quarter. Finally, Pinnacle Bancorp Inc. grew its holdings in Trane Technologies by 120.0% during the 1st quarter. Pinnacle Bancorp Inc. now owns 110 shares of the company's stock worth $37,000 after acquiring an additional 60 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TT shares. UBS Group boosted their target price on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Morgan Stanley boosted their target price on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Weiss Ratings reissued a "buy (b)" rating on shares of Trane Technologies in a report on Wednesday, October 8th. Robert W. Baird boosted their target price on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Finally, Hsbc Global Res downgraded shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Trane Technologies currently has an average rating of "Hold" and a consensus target price of $464.29.

Insider Transactions at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 123,713 shares of the company's stock, valued at $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Trane Technologies Stock Up 0.1%

Shares of NYSE TT opened at $416.31 on Friday. The company has a market capitalization of $92.63 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 2.58 and a beta of 1.12. 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's 50 day moving average price is $417.59 and its 200-day moving average price is $411.75.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 13.76% and a return on equity of 36.61%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

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