Firetrail Investments PTY Ltd. Has $14.29 Million Position in Trane Technologies plc $TT

Firetrail Investments PTY Ltd. reduced its holdings in Trane Technologies plc (NYSE:TT) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,795 shares of the company’s stock after selling 763 shares during the period. Trane Technologies accounts for about 3.7% of Firetrail Investments PTY Ltd.’s portfolio, making the stock its 11th largest holding. Firetrail Investments PTY Ltd.’s holdings in Trane Technologies were worth $14,292,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ethic Inc. increased its holdings in Trane Technologies by 6.6% during the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock worth $11,601,000 after buying an additional 1,672 shares during the last quarter. OMNI 360 Wealth Inc. acquired a new position in Trane Technologies during the second quarter worth $345,000. Triton Financial Group Inc acquired a new position in shares of Trane Technologies in the second quarter valued at $1,273,000. Jones Financial Companies Lllp increased its holdings in shares of Trane Technologies by 350.3% in the first quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock valued at $7,140,000 after purchasing an additional 16,485 shares during the last quarter. Finally, BROOKFIELD Corp ON increased its holdings in shares of Trane Technologies by 11.0% in the first quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company’s stock valued at $2,772,000 after purchasing an additional 812 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total transaction of $264,000.00. Following the completion of the sale, the chief accounting officer owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. This represents a 7.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $9,223,770.00. Following the sale, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Trading Up 0.6%

TT stock opened at $448.95 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The company’s 50-day simple moving average is $417.33 and its 200 day simple moving average is $418.93. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The company has a market capitalization of $99.90 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 2.66 and a beta of 1.12.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.80 by $0.08. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the company posted $3.37 earnings per share. Trane Technologies’s revenue was up 5.5% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, sell-side analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.76 annualized dividend and a yield of 0.8%. Trane Technologies’s dividend payout ratio is currently 28.92%.

Analysts Set New Price Targets

Several analysts recently commented on TT shares. Wells Fargo & Company lifted their target price on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a report on Monday, October 6th. UBS Group lifted their target price on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. HSBC downgraded shares of 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. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Finally, The Goldman Sachs Group lifted their target price on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Six investment 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $466.50.

About Trane Technologies

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.