Stratos Wealth Partners LTD. Increases Stake in Trane Technologies plc $TT

Stratos Wealth Partners LTD. increased its position in shares of Trane Technologies plc (NYSE:TT) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,597 shares of the company’s stock after buying an additional 103 shares during the period. Stratos Wealth Partners LTD.’s holdings in Trane Technologies were worth $2,448,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after purchasing an additional 2,323 shares in the last quarter. GAMMA Investing LLC increased its holdings in Trane Technologies by 5.5% in the first quarter. GAMMA Investing LLC now owns 5,983 shares of the company’s stock valued at $2,016,000 after buying an additional 314 shares during the last quarter. CWA Asset Management Group LLC raised its stake in Trane Technologies by 19.2% in the first quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company’s stock valued at $382,000 after buying an additional 183 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in Trane Technologies by 22.5% during the 1st quarter. Johnson Investment Counsel Inc. now owns 1,577 shares of the company’s stock worth $531,000 after buying an additional 290 shares during the last quarter. Finally, Center for Financial Planning Inc. boosted its position in shares of Trane Technologies by 3.0% during the 1st quarter. Center for Financial Planning Inc. now owns 2,183 shares of the company’s stock worth $735,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup decreased their target price 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. JPMorgan Chase & Co. raised their price objective on shares of Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. Hsbc Global Res lowered shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley upped their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $464.29.

Trane Technologies Stock Up 0.1%

Trane Technologies stock opened at $416.31 on Monday. The stock has a 50 day moving average of $417.59 and a two-hundred day moving average of $412.32. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The stock has a market capitalization of $92.63 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.59 and a beta of 1.12. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $0.09. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. Trane Technologies’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current 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. 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 29.82%.

Insider Activity

In related news, CEO David S. Regnery sold 22,497 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

Trane Technologies 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.