Freemont Management S.A. Purchases 1,200 Shares of Trane Technologies plc $TT

Freemont Management S.A. raised its position in Trane Technologies plc (NYSE:TT) by 29.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,300 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Freemont Management S.A.’s holdings in Trane Technologies were worth $2,318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC increased its stake in Trane Technologies by 36.3% in the second quarter. Los Angeles Capital Management LLC now owns 781,215 shares of the company’s stock valued at $341,711,000 after acquiring an additional 208,191 shares during the last quarter. AGF Management Ltd. lifted its stake in Trane Technologies by 1.4% during the second quarter. AGF Management Ltd. now owns 38,687 shares of the company’s stock worth $16,922,000 after purchasing an additional 552 shares during the last quarter. Van Cleef Asset Management Inc acquired a new stake in shares of Trane Technologies in the 2nd quarter valued at $238,000. Summit Investment Advisors Inc. increased its stake in shares of Trane Technologies by 3.8% in the 1st quarter. Summit Investment Advisors Inc. now owns 2,499 shares of the company’s stock valued at $842,000 after purchasing an additional 92 shares during the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of Trane Technologies by 33.3% during the 2nd quarter. AE Wealth Management LLC now owns 2,808 shares of the company’s stock worth $1,228,000 after buying an additional 701 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Down 0.4%

TT opened at $434.01 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The company’s 50 day moving average price is $418.82 and its two-hundred day moving average price is $422.03. The firm has a market capitalization of $96.24 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 2.66 and a beta of 1.16.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (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 firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter last year, the firm earned $3.37 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. 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 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be issued 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 0.9%. Trane Technologies’s payout ratio is presently 28.92%.

Insider Transactions at Trane Technologies

In related news, 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 value of $9,223,770.00. Following the sale, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Elizabeth A. Elwell sold 600 shares of the 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 sale, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at $3,145,120. This represents a 7.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

TT has been the topic of several research analyst reports. Citigroup raised their price objective on Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research note on Friday, October 31st. UBS Group raised their price target on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. Barclays increased their price objective on shares of Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Wells Fargo & Company raised their target price on shares of Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a research report on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $466.50.

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.