New Age Alpha Advisors LLC Sells 4,635 Shares of Trane Technologies plc $TT

New Age Alpha Advisors LLC lessened its stake in shares of Trane Technologies plc (NYSE:TT) by 67.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,288 shares of the company’s stock after selling 4,635 shares during the period. New Age Alpha Advisors LLC’s holdings in Trane Technologies were worth $890,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Hantz Financial Services Inc. grew its holdings in Trane Technologies by 93.4% during the fourth quarter. Hantz Financial Services Inc. now owns 205 shares of the company’s stock valued at $80,000 after purchasing an additional 99 shares during the period. HBK Sorce Advisory LLC grew its holdings in Trane Technologies by 13.6% during the fourth quarter. HBK Sorce Advisory LLC now owns 2,610 shares of the company’s stock valued at $1,016,000 after purchasing an additional 313 shares during the period. Shelter Rock Management LLC bought a new stake in Trane Technologies during the fourth quarter valued at about $5,032,000. Jefferies Financial Group Inc. grew its holdings in Trane Technologies by 235.7% during the fourth quarter. Jefferies Financial Group Inc. now owns 8,863 shares of the company’s stock valued at $3,449,000 after purchasing an additional 6,223 shares during the period. Finally, Advisory Alpha LLC grew its holdings in Trane Technologies by 11.6% during the fourth quarter. Advisory Alpha LLC now owns 1,636 shares of the company’s stock valued at $637,000 after purchasing an additional 170 shares during the period. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Down 0.8%

TT opened at $457.67 on Thursday. The company has a market capitalization of $101.17 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.13 and a beta of 1.25. The firm has a 50-day simple moving average of $454.37 and a two-hundred day simple moving average of $429.76. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 0.46. Trane Technologies plc has a 52 week low of $348.06 and a 52 week high of $503.47.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, April 30th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.10. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The company had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the business earned $2.45 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. Analysts forecast that Trane Technologies plc will post 14.88 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. Trane Technologies’s dividend payout ratio is 32.48%.

Analyst Ratings Changes

TT has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price objective on Trane Technologies from $440.00 to $501.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. BNP Paribas Exane began coverage on Trane Technologies in a research note on Tuesday, April 14th. They set an “outperform” rating and a $550.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Monday, April 20th. Evercore began coverage on shares of Trane Technologies in a report on Monday, April 13th. They set an “outperform” rating and a $535.00 price objective for the company. Finally, Oppenheimer lifted their price objective on shares of Trane Technologies from $460.00 to $468.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Trane Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $506.56.

Insider Transactions at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 635 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $422.70, for a total value of $268,414.50. Following the sale, the chief accounting officer owned 7,100 shares in the company, valued at approximately $3,001,170. The trade was a 8.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Christopher J. Kuehn sold 8,619 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $450.00, for a total transaction of $3,878,550.00. Following the sale, the chief financial officer directly owned 60,576 shares in the company, valued at approximately $27,259,200. The trade was a 12.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 53,654 shares of company stock valued at $23,269,523 over the last quarter. 0.14% of the stock is owned by insiders.

Trane Technologies Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.