New Age Alpha Advisors LLC Lowers Holdings in Trane Technologies plc $TT

Key Points

• New Age Alpha Advisors cut its Trane Technologies stake by 67% in the fourth quarter, leaving it with 2,288 shares worth about $890,000.
• Trane Technologies posted better-than-expected first-quarter results, with EPS of $2.63 on revenue of $4.97 billion, and raised its FY 2026 guidance to $14.75-$14.95 EPS.
• The company also announced a quarterly dividend of $1.05 per share, while analysts remain broadly positive with a consensus Moderate Buy rating and an average price target of $506.56.

New Age Alpha Advisors LLC decreased its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 67.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,288 shares of the company's stock after selling 4,635 shares during the quarter. New Age Alpha Advisors LLC's holdings in Trane Technologies were worth $890,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Aptus Capital Advisors LLC raised its stake in Trane Technologies by 169.8% during the third quarter. Aptus Capital Advisors LLC now owns 14,738 shares of the company's stock valued at $6,219,000 after buying an additional 9,276 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Trane Technologies by 64.0% during the fourth quarter. Farther Finance Advisors LLC now owns 7,478 shares of the company's stock valued at $2,911,000 after purchasing an additional 2,917 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Trane Technologies by 2.9% during the fourth quarter. Nordea Investment Management AB now owns 2,586,506 shares of the company's stock valued at $1,010,419,000 after purchasing an additional 72,998 shares in the last quarter. Varma Mutual Pension Insurance Co lifted its holdings in shares of Trane Technologies by 9.0% during the third quarter. Varma Mutual Pension Insurance Co now owns 43,811 shares of the company's stock valued at $18,486,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Korea Investment CORP lifted its holdings in shares of Trane Technologies by 17.5% during the third quarter. Korea Investment CORP now owns 204,695 shares of the company's stock valued at $86,373,000 after purchasing an additional 30,558 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insider Transactions at Trane Technologies

In related news, CFO Christopher J. Kuehn sold 8,619 shares of Trane Technologies stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $450.00, for a total value of $3,878,550.00. Following the completion of the sale, the chief financial officer owned 60,576 shares of the company's stock, valued at $27,259,200. The trade was a 12.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Elizabeth A. Elwell sold 635 shares of Trane Technologies stock in a transaction on Friday, March 6th. The stock was sold at an average price of $422.70, for a total value of $268,414.50. Following the completion of the sale, the chief accounting officer directly owned 7,100 shares of the company's stock, valued at $3,001,170. The trade was a 8.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 53,654 shares of company stock worth $23,269,523. 0.14% of the stock is currently owned by insiders.

Trane Technologies Stock Performance

Shares of TT opened at $457.67 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.10 and a quick ratio of 0.77. Trane Technologies plc has a one year low of $348.06 and a one year high of $503.47. The firm has a market capitalization of $101.17 billion, a P/E ratio of 35.40, a PEG ratio of 2.13 and a beta of 1.25. The business has a fifty day moving average of $454.37 and a 200 day moving average of $429.76.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.53 by $0.10. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The company had revenue of $4.97 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the previous year, the company posted $2.45 earnings per share. Trane Technologies's revenue was up 6.0% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. As a group, sell-side analysts anticipate that Trane Technologies plc will post 14.88 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. Trane Technologies's payout ratio is presently 32.48%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Evercore assumed coverage on Trane Technologies in a report on Monday, April 13th. They set an "outperform" rating and a $535.00 price target on the stock. BNP Paribas Exane assumed coverage on Trane Technologies in a report on Tuesday, April 14th. They set an "outperform" rating and a $550.00 price target on the stock. Barclays upped their price target on Trane Technologies from $507.00 to $585.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Wells Fargo & Company upped their price target on Trane Technologies from $375.00 to $400.00 and gave the company an "underweight" rating in a report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Trane Technologies in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $506.56.

Trane Technologies Company Profile

Trane Technologies NYSE: TT is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.

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