Hancock Whitney Corp Buys 80 Shares of Trane Technologies plc $TT

Hancock Whitney Corp lifted its stake in shares of Trane Technologies plc (NYSE:TT) by 8.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 977 shares of the company’s stock after acquiring an additional 80 shares during the period. Hancock Whitney Corp’s holdings in Trane Technologies were worth $329,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TT. WFA Asset Management Corp lifted its holdings in shares of Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock worth $25,000 after acquiring an additional 50 shares during the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Trane Technologies during the 4th quarter worth $26,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Trane Technologies during the 4th quarter worth $28,000. Saudi Central Bank bought a new stake in shares of Trane Technologies during the 1st quarter worth $30,000. Finally, Opal Wealth Advisors LLC bought a new stake in Trane Technologies in the first quarter worth $31,000. 82.97% of the stock is owned by institutional investors.

Insider Activity at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the company’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 completion of the transaction, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Trane Technologies Stock Performance

Shares of NYSE:TT opened at $413.88 on Monday. The company has a market cap of $92.09 billion, a price-to-earnings ratio of 32.82, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. The company has a 50-day moving average price of $434.03 and a 200-day moving average price of $398.00. 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 plc has a 12 month low of $298.15 and a 12 month high of $476.18.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on TT. JPMorgan Chase & Co. boosted their price target on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. UBS Group boosted their price target on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Wells Fargo & Company boosted their price target on shares of Trane Technologies from $370.00 to $410.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 1st. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, Citigroup boosted their price target on shares of Trane Technologies from $445.00 to $502.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $458.60.

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.