503 Shares in Trane Technologies plc $TT Acquired by Klingman & Associates LLC

Klingman & Associates LLC purchased a new position in shares of Trane Technologies plc (NYSE:TT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 503 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OMNI 360 Wealth Inc. bought a new stake in shares of Trane Technologies during the 2nd quarter worth approximately $345,000. Jones Financial Companies Lllp raised its position in Trane Technologies by 350.3% during the 1st 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 in the last quarter. BROOKFIELD Corp ON raised its position in Trane Technologies by 11.0% during the 1st 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 in the last quarter. Nippon Life Global Investors Americas Inc. raised its position in Trane Technologies by 17.5% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company’s stock valued at $1,041,000 after purchasing an additional 460 shares in the last quarter. Finally, Inspire Investing LLC raised its position in Trane Technologies by 20.8% during the 1st quarter. Inspire Investing LLC now owns 5,571 shares of the company’s stock valued at $1,877,000 after purchasing an additional 960 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 22,497 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 123,713 shares in the company, valued at $50,722,330. The trade was a 15.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by company insiders.

Trane Technologies Trading Up 1.5%

Shares of NYSE:TT opened at $424.83 on Wednesday. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The business’s fifty day simple moving average is $417.11 and its 200-day simple moving average is $413.10. The company has a market capitalization of $94.53 billion, a PE ratio of 33.69, a P/E/G ratio of 2.60 and a beta of 1.12. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT) last announced its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the previous year, the business earned $3.30 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, equities research analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 29.82%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a research report on Monday, October 6th. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and lifted their target price for the company from $415.00 to $460.00 in a research report on Thursday, July 31st. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. UBS Group lifted 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. Finally, JPMorgan Chase & Co. lifted their target price on Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Six investment 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’s stock. According to MarketBeat, Trane Technologies currently has a consensus rating of “Hold” and a consensus price target of $464.29.

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.