Resonant Capital Advisors LLC Takes $311,000 Position in Trane Technologies plc $TT

Resonant Capital Advisors LLC bought a new stake in shares of Trane Technologies plc (NYSE:TT) during the second quarter, Holdings Channel reports. The fund bought 712 shares of the company’s stock, valued at approximately $311,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new position in shares of Trane Technologies during the 2nd quarter valued at approximately $28,000. Saudi Central Bank acquired a new position in Trane Technologies in the 1st quarter valued at $30,000. Bogart Wealth LLC raised its stake in 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 purchasing an additional 46 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in 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 purchasing an additional 30 shares during the last quarter. Finally, Olde Wealth Management LLC acquired a new position in Trane Technologies in the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In related news, CEO David S. Regnery sold 22,497 shares of the firm’s stock in a transaction dated 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 $50,722,330. This trade represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

TT has been the subject of several recent research reports. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Robert W. Baird increased their price objective on Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Royal Bank Of Canada increased their price objective on Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. increased their price objective on Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Finally, HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and raised their target price for the stock from $415.00 to $460.00 in a research note 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 issued a Sell rating to the company. According to data from MarketBeat, Trane Technologies currently has an average rating of “Hold” and a consensus price target of $464.29.

Trane Technologies Stock Up 0.6%

Shares of NYSE:TT opened at $428.57 on Tuesday. The business has a 50-day moving average price of $416.35 and a 200 day moving average price of $416.32. 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 company has a market capitalization of $95.36 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 2.65 and a beta of 1.12. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18.

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

Trane Technologies Dividend Announcement

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

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.