Trane Technologies plc $TT Shares Sold by Natural Investments LLC

Key Points

• Natural Investments LLC has decreased its holdings in Trane Technologies plc by 11.1%, selling 898 shares, leaving them with 7,181 shares valued at approximately $3.14 million.
• Trane Technologies recently reported earnings per share of $3.88 for the last quarter, surpassing analysts' expectations of $3.79, while the company's revenue increased by 7.6% year-over-year despite being slightly below estimates.
• The company has declared a quarterly dividend of $0.94 per share, with an ex-dividend date of December 5th, representing an annualized yield of 0.9%.

Natural Investments LLC trimmed its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 11.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,181 shares of the company's stock after selling 898 shares during the period. Trane Technologies makes up about 0.8% of Natural Investments LLC's portfolio, making the stock its 26th biggest position. Natural Investments LLC's holdings in Trane Technologies were worth $3,141,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TT. Aberdeen Group plc lifted its stake in shares of Trane Technologies by 16.7% in the 2nd quarter. Aberdeen Group plc now owns 432,062 shares of the company's stock valued at $187,748,000 after purchasing an additional 61,784 shares during the period. Strengthening Families & Communities LLC increased its holdings in Trane Technologies by 8.6% in the 2nd quarter. Strengthening Families & Communities LLC now owns 5,016 shares of the company's stock worth $2,095,000 after acquiring an additional 399 shares in the last quarter. JB Capital LLC increased its holdings in Trane Technologies by 12.0% in the 2nd quarter. JB Capital LLC now owns 2,306 shares of the company's stock worth $1,008,000 after acquiring an additional 247 shares in the last quarter. Blue Trust Inc. increased its holdings in Trane Technologies by 7.6% in the 2nd quarter. Blue Trust Inc. now owns 3,013 shares of the company's stock worth $1,318,000 after acquiring an additional 212 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC purchased a new stake in Trane Technologies in the 2nd quarter worth $571,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Price Performance

Trane Technologies stock opened at $414.09 on Friday. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The firm has a market capitalization of $92.14 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 2.60 and a beta of 1.12. The company has a fifty day simple moving average of $418.60 and a 200-day simple moving average of $408.64. 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 announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same quarter in the prior year, the firm posted $3.30 earnings per share. Trane Technologies's quarterly revenue was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, equities analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies's dividend payout ratio is currently 29.82%.

Insider Activity

In related news, CEO David S. Regnery sold 22,497 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the sale, the chief executive officer owned 123,713 shares of the company's stock, 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 SEC, which can be accessed through this link. Corporate insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price target on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an "underweight" rating in a report on Monday, October 6th. Royal Bank Of Canada boosted their price target on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Citigroup cut their price target on shares of Trane Technologies from $499.00 to $494.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. Hsbc Global Res lowered shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Trane Technologies in a report on Wednesday. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $457.73.

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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