Kintegral Advisory LLC Cuts Holdings in Trane Technologies plc $TT

Kintegral Advisory LLC lessened its stake in Trane Technologies plc (NYSE:TT) by 0.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 17,777 shares of the company’s stock after selling 26 shares during the quarter. Kintegral Advisory LLC’s holdings in Trane Technologies were worth $7,776,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TT. Sequoia Financial Advisors LLC grew its holdings in Trane Technologies by 7.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,621 shares of the company’s stock worth $2,459,000 after acquiring an additional 374 shares in the last quarter. Vest Financial LLC acquired a new position in shares of Trane Technologies during the second quarter worth $279,000. MGO One Seven LLC raised its stake in Trane Technologies by 4.0% in the second quarter. MGO One Seven LLC now owns 3,564 shares of the company’s stock valued at $1,559,000 after buying an additional 138 shares in the last quarter. Clarendon Private LLC lifted its holdings in Trane Technologies by 40.7% during the 2nd quarter. Clarendon Private LLC now owns 889 shares of the company’s stock worth $389,000 after buying an additional 257 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Trane Technologies by 18.0% during the 2nd quarter. CWM LLC now owns 23,573 shares of the company’s stock worth $10,311,000 after acquiring an additional 3,592 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Trading Down 1.1%

Shares of TT stock opened at $414.09 on Monday. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $418.60 and its two-hundred day moving average is $409.47. The company has a market capitalization of $92.14 billion, a P/E ratio of 32.84, a price-to-earnings-growth ratio of 2.57 and a beta of 1.12.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results 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 firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company earned $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current 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 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 dividend payout ratio (DPR) is presently 29.82%.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the transaction, the chief executive officer owned 123,713 shares in the company, valued at approximately $50,722,330. The trade was a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

TT has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. HSBC downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and increased their target price for the company from $415.00 to $460.00 in a research report on Thursday, July 31st. UBS Group boosted their price target on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company boosted their target price on Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a report on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $457.73.

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.