Inspire Investing LLC Has $2.15 Million Position in Trane Technologies plc $TT

Key Points

• Inspire Investing LLC reduced its stake in Trane Technologies plc by 11.7%, holding shares valued at approximately $2.15 million after selling 654 shares.
• CEO David S. Regnery sold 22,497 shares at an average price of $410.00, resulting in a transaction worth around $9.22 million, which decreased his ownership by 15.39%.
• Trane Technologies has a consensus rating of "Hold" from analysts with a target price of $457.73, and recently reported earnings that exceeded estimates with a net margin of 13.76%.

Inspire Investing LLC lowered its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 11.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,917 shares of the company's stock after selling 654 shares during the period. Inspire Investing LLC's holdings in Trane Technologies were worth $2,151,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Trane Technologies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 19,456,776 shares of the company's stock worth $6,555,377,000 after acquiring an additional 221,206 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Trane Technologies by 9.8% during the 1st 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 last quarter. Ameriprise Financial Inc. lifted its position in Trane Technologies by 7.2% during the 1st 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 last quarter. Nuveen LLC acquired a new position in Trane Technologies during the 1st quarter worth $877,468,000. Finally, Northern Trust Corp lifted its position in Trane Technologies by 0.7% during the 1st quarter. Northern Trust Corp now owns 2,584,819 shares of the company's stock worth $870,877,000 after acquiring an additional 17,292 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TT shares. Barclays dropped their price objective on shares of Trane Technologies from $495.00 to $485.00 and set an "overweight" rating on the stock in a report on Tuesday, September 16th. Hsbc Global Res downgraded shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. HSBC downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. The Goldman Sachs Group boosted their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Citigroup dropped their price objective 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. 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $457.73.

Trane Technologies Stock Performance

NYSE TT opened at $414.09 on Friday. The stock has a market cap of $92.14 billion, a P/E ratio of 32.84, a PEG ratio of 2.60 and a beta of 1.12. The company's 50-day simple moving average is $418.60 and its 200 day simple moving average is $408.64. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50.

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 analysts' consensus estimates of $3.79 by $0.09. The firm 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 revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, research analysts forecast that Trane Technologies plc will post 12.83 earnings per share 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 $0.94 dividend. The ex-dividend date is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. Trane Technologies's payout ratio is 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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