Falcon Wealth Planning Acquires Shares of 570 Trane Technologies plc $TT

Falcon Wealth Planning bought a new stake in shares of Trane Technologies plc (NYSE:TT) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 570 shares of the company’s stock, valued at approximately $249,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TT. Vanguard Group Inc. lifted its position in shares of Trane Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 19,456,776 shares of the company’s stock worth $6,555,377,000 after purchasing an additional 221,206 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Trane Technologies by 9.8% in the 1st quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company’s stock worth $5,297,235,000 after buying an additional 1,408,421 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Trane Technologies by 7.2% in the 1st quarter. Ameriprise Financial Inc. now owns 3,585,300 shares of the company’s stock valued at $1,208,044,000 after buying an additional 241,910 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Trane Technologies during the first quarter valued at about $877,468,000. Finally, Northern Trust Corp increased its position in shares of Trane Technologies by 0.7% during the first quarter. Northern Trust Corp now owns 2,584,819 shares of the company’s stock worth $870,877,000 after acquiring an additional 17,292 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction dated 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 transaction, 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 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 insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company increased their price target on Trane Technologies from $370.00 to $410.00 and gave the company an “underweight” rating in a report on Tuesday, July 1st. Barclays decreased their price target 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. The Goldman Sachs Group upped their price target on shares of Trane Technologies from $416.00 to $460.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and raised their price objective for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. Finally, Royal Bank Of Canada upped their target price on shares of Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $457.40.

Trane Technologies Stock Up 0.6%

NYSE:TT opened at $406.70 on Friday. The firm has a market capitalization of $90.50 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 2.51 and a beta of 1.10. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. 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 stock has a 50 day moving average of $425.64 and a 200-day moving average of $403.07.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the business earned $3.30 EPS. The firm’s 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. Analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

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.