Trane Technologies plc $TT Shares Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC increased its holdings in shares of Trane Technologies plc (NYSE:TT) by 26.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,652 shares of the company’s stock after acquiring an additional 1,187 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Trane Technologies were worth $2,472,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ethic Inc. grew its position in Trane Technologies by 6.6% in the 2nd quarter. Ethic Inc. now owns 26,836 shares of the company’s stock worth $11,601,000 after purchasing an additional 1,672 shares during the last quarter. OMNI 360 Wealth Inc. bought a new position in Trane Technologies in the 2nd quarter worth about $345,000. Triton Financial Group Inc bought a new position in Trane Technologies in the 2nd quarter worth about $1,273,000. Jones Financial Companies Lllp grew its position in Trane Technologies by 350.3% in the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock worth $7,140,000 after purchasing an additional 16,485 shares during the last quarter. Finally, BROOKFIELD Corp ON grew its position in Trane Technologies by 11.0% in the 1st quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company’s stock worth $2,772,000 after purchasing an additional 812 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Up 2.4%

TT stock opened at $425.81 on Friday. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The firm has a market cap of $94.75 billion, a PE ratio of 33.77, a P/E/G ratio of 2.65 and a beta of 1.12. The firm has a 50 day simple moving average of $416.36 and a 200 day simple moving average of $415.21. 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 released its earnings results on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the business earned $3.30 earnings per share. The business’s quarterly 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 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

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

Analysts Set New Price Targets

TT has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Trane Technologies from $495.00 to $485.00 and set an “overweight” rating for the company in a research report on Tuesday, September 16th. Northcoast Research cut shares of Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a report on Friday. Robert W. Baird increased their price objective on shares of Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Finally, Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Trane Technologies presently has a consensus rating of “Hold” and an average price target of $464.29.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the company’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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

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.