Klingman & Associates LLC Makes New $220,000 Investment in Trane Technologies plc $TT

Klingman & Associates LLC purchased a new position in shares of Trane Technologies plc (NYSE:TT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 503 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in shares of Trane Technologies in the 2nd quarter valued at about $28,000. Saudi Central Bank acquired a new position in shares of Trane Technologies in the 1st quarter valued at about $30,000. Bogart Wealth LLC lifted its holdings in shares of Trane Technologies by 97.9% in the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock valued at $31,000 after buying an additional 46 shares during the period. Tradewinds Capital Management LLC lifted its holdings in shares of Trane Technologies by 46.2% in the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock valued at $32,000 after buying an additional 30 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Trane Technologies by 120.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 110 shares of the company’s stock valued at $37,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Price Performance

NYSE:TT opened at $424.83 on Wednesday. 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 of $417.11 and a two-hundred day moving average of $413.10. 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 firm has a market cap of $94.53 billion, a P/E ratio of 33.69, a price-to-earnings-growth ratio of 2.60 and a beta of 1.12.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.79 by $0.09. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates 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 in the previous year, the business earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a $0.94 dividend. The ex-dividend date is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio is 29.82%.

Wall Street Analysts Forecast Growth

TT has been the subject of several analyst reports. The Goldman Sachs Group boosted their price objective on Trane Technologies from $416.00 to $460.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Morgan Stanley upped their price target on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Northcoast Research cut Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Royal Bank Of Canada upped their price target on Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, Citigroup reduced their price target on Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $464.29.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the sale, the chief executive officer directly owned 123,713 shares in the company, valued at $50,722,330. This represents 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 this link. 0.14% of the stock is owned by company 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.