Trane Technologies plc $TT Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of Trane Technologies plc (NYSE:TT) by 1.7% during the second quarter, HoldingsChannel reports. The fund owned 19,792,410 shares of the company’s stock after acquiring an additional 335,634 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Trane Technologies worth $8,657,398,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TT. Ameriflex Group Inc. purchased a new stake in Trane Technologies in the 2nd quarter valued at approximately $28,000. Hantz Financial Services Inc. lifted its holdings in shares of Trane Technologies by 1,016.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after buying an additional 61 shares during the period. Saudi Central Bank acquired a new stake in shares of Trane Technologies in the 1st quarter valued at approximately $30,000. Dagco Inc. purchased a new stake in shares of Trane Technologies in the first quarter valued at approximately $37,000. Finally, NewSquare Capital LLC grew its holdings in Trane Technologies by 94.1% during the second quarter. NewSquare Capital LLC now owns 132 shares of the company’s stock worth $58,000 after acquiring an additional 64 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays raised their target price on Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Northcoast Research cut shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. HSBC downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their target price on shares of Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada boosted their price target on Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Seven equities 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $472.07.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of Trane Technologies 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 trade represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $440.00, for a total transaction of $264,000.00. Following the completion of the transaction, the chief accounting officer owned 7,148 shares in the company, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.14% of the company’s stock.

Trane Technologies Stock Performance

NYSE:TT opened at $407.26 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $90.30 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16. The firm has a 50-day moving average price of $419.74 and a two-hundred day moving average price of $425.79. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.80 by $0.08. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the business earned $3.37 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, research analysts expect 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 Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies’s dividend payout ratio is 28.92%.

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.