14,852 Shares in Trane Technologies plc $TT Bought by NatWest Group plc

NatWest Group plc acquired a new stake in Trane Technologies plc (NYSE:TT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,852 shares of the company’s stock, valued at approximately $6,267,000. Trane Technologies accounts for approximately 1.5% of NatWest Group plc’s holdings, making the stock its 27th biggest holding.

Other large investors also recently bought and sold shares of the company. Icon Advisers Inc. Co. acquired a new position in shares of Trane Technologies during the second quarter worth about $26,000. Ameriflex Group Inc. purchased a new stake in Trane Technologies in the 2nd quarter valued at approximately $28,000. Hantz Financial Services Inc. increased its position in Trane Technologies by 1,016.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after purchasing an additional 61 shares during the period. Saudi Central Bank purchased a new position in shares of Trane Technologies during the 1st quarter worth approximately $30,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of Trane Technologies by 23.4% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock valued at $46,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Price Performance

Shares of NYSE TT opened at $382.02 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $416.51 and its 200 day moving average price is $423.40. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The stock has a market cap of $84.71 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.28 and a beta of 1.19.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.08. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.80 billion. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, research analysts forecast 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. Investors of record on Friday, December 5th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a yield of 1.0%. Trane Technologies’s dividend payout ratio is presently 28.92%.

Insider Buying and Selling

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was 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 of the company’s stock, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $490.00 to $550.00 in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, October 8th. Barclays increased their price target on shares of Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Citigroup boosted their price objective on shares of Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Wells Fargo & Company upped their target price on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research report on Monday, October 6th. Eight 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 MarketBeat.com, Trane Technologies has an average rating of “Hold” and an average target price of $472.07.

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.