Trane Technologies plc $TT Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC has decreased its holdings in Trane Technologies plc by 10.8%, resulting in ownership of 21,693 shares valued at approximately $7.3 million.
• In the first quarter, multiple hedge funds have made significant transactions involving Trane Technologies, with notable stake increases from GAMMA Investing LLC (35,458.2%) and Wellington Management Group LLP (245.1%).
• Trane Technologies recently reported quarterly earnings with an EPS of $3.88, surpassing analysts' expectations, and announced a dividend of $0.94 per share, reflecting a 0.9% yield.

Kestra Advisory Services LLC trimmed its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,693 shares of the company's stock after selling 2,617 shares during the quarter. Kestra Advisory Services LLC's holdings in Trane Technologies were worth $7,309,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TT. WFA Asset Management Corp raised its holdings in Trane Technologies by 208.3% in the first quarter. WFA Asset Management Corp now owns 74 shares of the company's stock worth $25,000 after purchasing an additional 50 shares in the last quarter. Minot DeBlois Advisors LLC bought a new position in Trane Technologies in the fourth quarter worth about $26,000. Vermillion & White Wealth Management Group LLC bought a new position in Trane Technologies in the fourth quarter worth about $28,000. Opal Wealth Advisors LLC bought a new position in Trane Technologies in the first quarter worth about $31,000. Finally, Bogart Wealth LLC raised its holdings in Trane Technologies by 97.9% in the first quarter. Bogart Wealth LLC now owns 93 shares of the company's stock worth $31,000 after purchasing an additional 46 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TT has been the topic of several recent analyst reports. Hsbc Global Res downgraded shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Citigroup upped their price objective on shares of Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a report on Monday, July 14th. JPMorgan Chase & Co. increased their price target on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Northcoast Research downgraded shares of Trane Technologies from a "buy" rating to a "neutral" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company increased their price target on shares of Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $458.60.

Trane Technologies Price Performance

Shares of NYSE:TT traded up $0.73 during midday trading on Thursday, reaching $424.92. 1,093,260 shares of the company's stock traded hands, compared to its average volume of 1,446,594. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The company has a market cap of $94.55 billion, a P/E ratio of 33.70, a PEG ratio of 2.66 and a beta of 1.09. 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 fifty day simple moving average of $435.69 and a two-hundred day simple moving average of $395.09.

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 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%. Trane Technologies's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio is 29.82%.

About Trane Technologies

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.