Trane Technologies plc $TT Shares Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC significantly increased its stake in Trane Technologies plc by 218.7% during Q2, now holding 6,498 shares valued at $2.84 million.
• CEO David S. Regnery sold 22,497 shares at an average price of $410 each, reducing his ownership in the company by 15.39%.
• Trane Technologies declared a quarterly dividend of $0.94 per share, with a dividend yield of 0.9% and a payout ratio of 29.82%.

Callan Family Office LLC lifted its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 218.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,498 shares of the company's stock after purchasing an additional 4,459 shares during the quarter. Callan Family Office LLC's holdings in Trane Technologies were worth $2,842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWA Asset Management Group LLC grew its stake in shares of Trane Technologies by 19.2% during the 1st quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company's stock worth $382,000 after purchasing an additional 183 shares during the period. OMNI 360 Wealth Inc. acquired a new position in shares of Trane Technologies during the 2nd quarter worth $345,000. Jones Financial Companies Lllp grew its stake in shares of Trane Technologies by 350.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company's stock worth $7,140,000 after purchasing an additional 16,485 shares during the period. BROOKFIELD Corp ON grew its stake in shares of Trane Technologies by 11.0% during the 1st quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company's stock worth $2,772,000 after purchasing an additional 812 shares during the period. Finally, Nippon Life Global Investors Americas Inc. grew its stake in shares of Trane Technologies by 17.5% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company's stock worth $1,041,000 after purchasing an additional 460 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TT shares. Robert W. Baird boosted their price objective on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. UBS Group boosted their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Hsbc Global Res lowered shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. HSBC lowered 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 research report on Thursday, July 31st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Trane Technologies in a research report on Wednesday. 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $457.73.

Insider Buying and Selling at Trane Technologies

In other 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 transaction, the chief executive officer directly owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by insiders.

Trane Technologies Trading Down 1.1%

Shares of TT stock opened at $414.09 on Friday. The firm has a market cap of $92.14 billion, a P/E ratio of 32.84, a PEG ratio of 2.57 and a beta of 1.12. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The firm's 50-day simple moving average is $418.60 and its 200-day simple moving average is $409.03.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.09. The business 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 was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be issued 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 is Friday, December 5th. Trane Technologies's dividend payout ratio is presently 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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