Inceptionr LLC Has $2.30 Million Position in Trane Technologies plc $TT

Inceptionr LLC raised its stake in shares of Trane Technologies plc (NYSE:TT) by 67.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,263 shares of the company’s stock after acquiring an additional 2,120 shares during the quarter. Trane Technologies makes up about 0.5% of Inceptionr LLC’s portfolio, making the stock its 4th biggest position. Inceptionr LLC’s holdings in Trane Technologies were worth $2,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in TT. Ameriflex Group Inc. purchased a new stake in shares of Trane Technologies during the 2nd quarter worth $28,000. Hantz Financial Services Inc. raised its holdings in Trane Technologies by 1,016.7% in the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after purchasing an additional 61 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Trane Technologies during the first quarter valued at about $30,000. Dagco Inc. purchased a new position in shares of Trane Technologies in the 1st quarter worth approximately $37,000. Finally, NewSquare Capital LLC lifted its position in Trane Technologies by 94.1% during the second quarter. NewSquare Capital LLC now owns 132 shares of the company’s stock valued at $58,000 after acquiring an additional 64 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Citigroup raised their price objective on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. UBS Group upped their target price on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. Finally, Northcoast Research lowered Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Seven 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $470.07.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction 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 sale, the chief executive officer 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer owned 7,148 shares of the company’s stock, valued at $3,145,120. This represents a 7.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Stock Performance

Shares of TT opened at $418.83 on Wednesday. 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 stock has a 50-day moving average of $419.92 and a two-hundred day moving average of $425.93. The stock has a market cap of $92.87 billion, a P/E ratio of 33.21, a P/E/G ratio of 2.66 and a beta of 1.16. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.08. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period last year, the business posted $3.37 earnings per share. The company’s revenue for the quarter 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, research analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies’s payout ratio is presently 28.92%.

Trane Technologies Company 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.