Resources Management Corp CT ADV Acquires 2,677 Shares of Trane Technologies plc $TT

Resources Management Corp CT ADV increased its holdings in shares of Trane Technologies plc (NYSE:TT) by 26.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,713 shares of the company’s stock after purchasing an additional 2,677 shares during the quarter. Resources Management Corp CT ADV’s holdings in Trane Technologies were worth $4,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWA Asset Management Group LLC lifted its holdings in shares of Trane Technologies by 19.2% during the first quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company’s stock valued at $382,000 after purchasing an additional 183 shares in the last quarter. Ethic Inc. lifted its holdings in Trane Technologies by 150.1% in the fourth quarter. Ethic Inc. now owns 24,883 shares of the company’s stock valued at $9,190,000 after acquiring an additional 14,932 shares during the period. Brighton Jones LLC lifted its holdings in Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after acquiring an additional 2,323 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Trane Technologies by 495.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,252 shares of the company’s stock valued at $1,433,000 after acquiring an additional 3,538 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Trane Technologies by 13.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,141 shares of the company’s stock valued at $3,417,000 after acquiring an additional 1,198 shares during the period. 82.97% of the stock is owned by institutional investors.

Trane Technologies Stock Performance

NYSE:TT opened at $413.88 on Friday. 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. The stock has a 50-day moving average price of $434.03 and a 200 day moving average price of $397.79. The stock has a market capitalization of $92.09 billion, a P/E ratio of 32.82, a P/E/G ratio of 2.58 and a beta of 1.10.

Trane Technologies (NYSE:TT) last released its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter last year, the business posted $3.30 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Insider Activity

In related news, CEO David S. Regnery sold 22,497 shares of the 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

TT has been the topic of a number of recent research reports. Northcoast Research downgraded Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their target price on Trane Technologies from $334.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Citigroup increased their target price on Trane Technologies from $445.00 to $502.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, Robert W. Baird increased their target price on Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Trane Technologies currently has an average rating of “Hold” and a consensus price target 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.