Trane Technologies plc $TT Stock Position Boosted by Shelton Capital Management

Shelton Capital Management lifted its stake in Trane Technologies plc (NYSE:TT) by 20.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,136 shares of the company’s stock after acquiring an additional 7,159 shares during the period. Shelton Capital Management’s holdings in Trane Technologies were worth $18,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Icon Advisers Inc. Co. acquired a new stake in Trane Technologies in the second quarter worth approximately $26,000. Ameriflex Group Inc. bought a new stake in shares of Trane Technologies in the 2nd quarter worth $28,000. Hantz Financial Services Inc. lifted its holdings in shares of Trane Technologies by 1,016.7% in the second 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 bought a new position in Trane Technologies during the first quarter valued at about $30,000. Finally, Dagco Inc. acquired a new position in Trane Technologies during the first quarter worth about $37,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

TT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target 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. Bank of America upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $490.00 to $550.00 in a report on Thursday, November 13th. UBS Group increased their price objective on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Wells Fargo & Company lifted their target price on Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a report on Monday, October 6th. Finally, Barclays raised their target price on shares of Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Trane Technologies has a consensus rating of “Hold” and a consensus price target of $470.07.

Insider Activity at Trane Technologies

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Regnery sold 22,497 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total value of $9,223,770.00. Following the sale, the chief executive officer owned 123,713 shares in the company, valued at approximately $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Stock Up 0.5%

Shares of Trane Technologies stock opened at $421.75 on Monday. The firm has a market cap of $93.52 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 2.66 and a beta of 1.16. The stock has a 50-day simple moving average of $421.00 and a 200-day simple moving average of $425.96. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76.

Trane Technologies (NYSE:TT) last posted its 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. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the company earned $3.37 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.76 annualized dividend and a yield of 0.9%. Trane Technologies’s dividend payout ratio is 28.92%.

About Trane Technologies

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.