Northwestern Mutual Wealth Management Co. Cuts Stake in Trane Technologies plc $TT

Northwestern Mutual Wealth Management Co. cut its stake in Trane Technologies plc (NYSE:TT) by 22.8% during the 1st quarter, HoldingsChannel reports. The firm owned 17,950 shares of the company’s stock after selling 5,302 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Trane Technologies were worth $6,048,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TT. WFA Asset Management Corp raised its position in Trane Technologies by 208.3% in the first quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock valued at $25,000 after purchasing an additional 50 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in shares of Trane Technologies during the fourth quarter worth about $26,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Trane Technologies during the fourth quarter worth about $28,000. Opal Wealth Advisors LLC purchased a new stake in shares of Trane Technologies during the first quarter worth about $31,000. Finally, Bogart Wealth LLC increased its position in shares of Trane Technologies by 97.9% during the first quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after acquiring an additional 46 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TT has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on Trane Technologies from $370.00 to $410.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 1st. Stephens raised Trane Technologies from an “equal weight” rating to an “overweight” rating and set a $475.00 target price on the stock in a research report on Thursday, May 1st. Barclays lifted their target price on Trane Technologies from $480.00 to $495.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and lifted their target price for the stock from $415.00 to $460.00 in a research report on Thursday, July 31st. Finally, Robert W. Baird lifted their target price on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Trane Technologies presently has a consensus rating of “Hold” and an average target price of $458.60.

Trane Technologies Stock Down 0.4%

Shares of Trane Technologies stock opened at $424.54 on Thursday. 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 firm has a market cap of $94.46 billion, a P/E ratio of 33.67, a P/E/G ratio of 2.66 and a beta of 1.09. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The business has a 50-day moving average price of $435.69 and a 200 day moving average price of $395.09.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the previous year, the company earned $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, sell-side analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio is 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.