Wealthcare Advisory Partners LLC Buys 104 Shares of Trane Technologies plc $TT

Wealthcare Advisory Partners LLC grew its stake in Trane Technologies plc (NYSE:TT) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,862 shares of the company’s stock after purchasing an additional 104 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Trane Technologies were worth $2,126,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TT. WFA Asset Management Corp lifted its holdings in Trane Technologies by 208.3% in the first quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock worth $25,000 after buying an additional 50 shares during the period. Ameriflex Group Inc. purchased a new position in shares of Trane Technologies in the 2nd quarter valued at approximately $28,000. Saudi Central Bank bought a new stake in shares of Trane Technologies during the first quarter valued at approximately $30,000. Opal Wealth Advisors LLC purchased a new stake in Trane Technologies in the first quarter worth $31,000. Finally, Bogart Wealth LLC raised its holdings in Trane Technologies by 97.9% in the first quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on TT shares. UBS Group boosted their target price on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research note on Saturday, September 27th. Morgan Stanley boosted their price target on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Robert W. Baird upped their price target on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company raised their price objective on Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a research report on Monday. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $457.73.

Trane Technologies Stock Performance

Shares of TT opened at $424.50 on Tuesday. The company has a market cap of $94.46 billion, a price-to-earnings ratio of 33.66, a P/E/G ratio of 2.63 and a beta of 1.12. The business’s fifty day simple moving average is $420.57 and its two-hundred day simple moving average is $407.64. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. 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 (NYSE:TT) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share 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 in the previous year, the business earned $3.30 earnings per share. The company’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. Research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Insider Activity at Trane Technologies

In other news, 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 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 $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

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.