Securian Asset Management Inc. Has $5.13 Million Stock Holdings in Trane Technologies plc $TT

Securian Asset Management Inc. decreased its holdings in shares of Trane Technologies plc (NYSE:TT) by 1.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,727 shares of the company’s stock after selling 143 shares during the quarter. Securian Asset Management Inc.’s holdings in Trane Technologies were worth $5,130,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Phoenix Financial Ltd. grew its holdings in shares of Trane Technologies by 8.3% during the second quarter. Phoenix Financial Ltd. now owns 15,678 shares of the company’s stock valued at $6,858,000 after buying an additional 1,201 shares in the last quarter. Avidian Wealth Enterprises LLC purchased a new position in shares of Trane Technologies during the second quarter valued at $213,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Trane Technologies by 1.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 419,951 shares of the company’s stock valued at $182,501,000 after buying an additional 4,650 shares in the last quarter. Schnieders Capital Management LLC purchased a new position in shares of Trane Technologies during the second quarter valued at $227,000. Finally, Balboa Wealth Partners grew its holdings in shares of Trane Technologies by 22.0% during the second quarter. Balboa Wealth Partners now owns 1,072 shares of the company’s stock valued at $469,000 after buying an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TT shares. Citigroup lowered their price target on Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Morgan Stanley lifted 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. The Goldman Sachs Group boosted their target price on Trane Technologies from $416.00 to $460.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Northcoast Research downgraded Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Finally, Robert W. Baird lifted their price target on Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. 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. According to data from MarketBeat, Trane Technologies presently has a consensus rating of “Hold” and an average price target of $464.29.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 123,713 shares in the company, valued at approximately $50,722,330. This represents a 15.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

Trane Technologies Stock Up 0.6%

Shares of Trane Technologies stock opened at $418.20 on Tuesday. The firm has a market cap of $93.05 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 2.59 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The stock has a 50-day simple moving average of $417.39 and a 200-day simple moving average of $413.02.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.09. The company 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 firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid 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 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.