Earned Wealth Advisors LLC Reduces Stock Holdings in Trane Technologies plc $TT

Earned Wealth Advisors LLC cut its position in Trane Technologies plc (NYSE:TT) by 16.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 896 shares of the company’s stock after selling 178 shares during the quarter. Earned Wealth Advisors LLC’s holdings in Trane Technologies were worth $392,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TT. Ameriflex Group Inc. bought a new stake in Trane Technologies in the 2nd quarter valued at about $28,000. Hantz Financial Services Inc. increased its stake in shares of Trane Technologies by 1,016.7% in the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after purchasing an additional 61 shares in the last quarter. Saudi Central Bank bought a new stake in shares of Trane Technologies in the first quarter valued at approximately $30,000. Bogart Wealth LLC raised its position in shares of Trane Technologies by 97.9% in the first quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock valued at $31,000 after purchasing an additional 46 shares during the period. Finally, Olde Wealth Management LLC purchased a new stake in shares of Trane Technologies during the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Up 4.6%

NYSE TT opened at $447.10 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The stock’s 50-day simple moving average is $416.83 and its two-hundred day simple moving average is $417.70. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The company has a market capitalization of $99.48 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 2.66 and a beta of 1.12.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.80 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 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The firm 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 $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, December 5th. Trane Technologies’s payout ratio is presently 29.82%.

Insider Activity

In related news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction on 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 owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

TT has been the subject of several recent research reports. Royal Bank Of Canada lifted their price target on Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Barclays reduced their price target on shares of Trane Technologies from $495.00 to $485.00 and set an “overweight” rating for the company in a research report on Tuesday, September 16th. The Goldman Sachs Group increased their price objective on Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Citigroup dropped their price objective on Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Finally, Wells Fargo & Company upped their target price on Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research note on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies has a consensus rating of “Hold” and an average price target of $464.29.

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.