Whitaker Myers Wealth Managers LTD. Makes New Investment in Trane Technologies plc $TT

Whitaker Myers Wealth Managers LTD. bought a new stake in shares of Trane Technologies plc (NYSE:TT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,942 shares of the company’s stock, valued at approximately $819,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TT. Ethic Inc. raised its stake in shares of Trane Technologies by 6.6% in the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock valued at $11,601,000 after buying an additional 1,672 shares during the period. Triton Financial Group Inc bought a new position in shares of Trane Technologies during the 2nd quarter worth $1,273,000. OMNI 360 Wealth Inc. bought a new stake in Trane Technologies in the 2nd quarter valued at about $345,000. Illinois Municipal Retirement Fund boosted its position in Trane Technologies by 2.7% during the second quarter. Illinois Municipal Retirement Fund now owns 28,083 shares of the company’s stock worth $12,284,000 after purchasing an additional 726 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of Trane Technologies by 350.3% in the first quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock worth $7,140,000 after purchasing an additional 16,485 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trane Technologies

In other news, CAO Elizabeth A. Elwell sold 600 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total transaction of $264,000.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.

Trane Technologies Price Performance

Shares of NYSE TT opened at $392.98 on Friday. The stock’s 50-day simple moving average is $413.14 and its two-hundred day simple moving average is $421.77. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The firm has a market capitalization of $87.14 billion, a P/E ratio of 30.23, a P/E/G ratio of 2.27 and a beta of 1.19. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.47.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.80 by $0.08. The firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, equities analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 5th. Trane Technologies’s payout ratio is currently 28.92%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Citigroup upped their price target on shares of Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Barclays increased their target price on Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. KeyCorp raised Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Monday, December 15th. Wells Fargo & Company cut their target price on Trane Technologies from $415.00 to $375.00 and set an “underweight” rating for the company in a research note on Friday, December 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Trane Technologies currently has a consensus rating of “Hold” and an average target price of $469.40.

Trane Technologies Company 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.