Trane Technologies plc $TT Shares Acquired by Advisors Capital Management LLC

Advisors Capital Management LLC grew its holdings in Trane Technologies plc (NYSE:TT) by 2.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 164,384 shares of the company’s stock after buying an additional 3,698 shares during the period. Advisors Capital Management LLC’s holdings in Trane Technologies were worth $55,384,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. McAdam LLC acquired a new stake in Trane Technologies in the first quarter worth about $505,000. Geneos Wealth Management Inc. boosted its holdings in Trane Technologies by 19.2% in the first quarter. Geneos Wealth Management Inc. now owns 3,179 shares of the company’s stock worth $1,071,000 after acquiring an additional 511 shares in the last quarter. Focus Partners Wealth boosted its holdings in Trane Technologies by 16.4% in the first quarter. Focus Partners Wealth now owns 12,672 shares of the company’s stock worth $4,270,000 after acquiring an additional 1,785 shares in the last quarter. Ransom Advisory Ltd acquired a new stake in Trane Technologies in the first quarter worth about $1,312,000. Finally, Advisory Alpha LLC lifted its holdings in shares of Trane Technologies by 23.6% during the first quarter. Advisory Alpha LLC now owns 792 shares of the company’s stock worth $267,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their target price on Trane Technologies from $334.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Robert W. Baird lifted their target price on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Royal Bank Of Canada lifted their target price on Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and lifted their target price for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. Finally, Wells Fargo & Company lifted their target price on Trane Technologies from $370.00 to $410.00 and gave the stock an “underweight” rating in a report on Tuesday, July 1st. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Trane Technologies has a consensus rating of “Hold” and a consensus target price of $458.60.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction that occurred on 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 transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Stock Up 1.9%

Shares of TT stock opened at $417.12 on Thursday. The stock has a 50 day moving average of $432.76 and a 200 day moving average of $398.63. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The stock has a market cap of $92.81 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.55 and a beta of 1.10. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18.

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

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.