Raiffeisen Bank International AG Boosts Stock Holdings in Trane Technologies plc $TT

Raiffeisen Bank International AG grew its stake in shares of Trane Technologies plc (NYSE:TT) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 6,880 shares of the company’s stock after purchasing an additional 217 shares during the quarter. Raiffeisen Bank International AG’s holdings in Trane Technologies were worth $2,941,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ethic Inc. grew its stake in shares of Trane Technologies by 6.6% in the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock worth $11,601,000 after acquiring an additional 1,672 shares during the last quarter. Triton Financial Group Inc bought a new stake in shares of Trane Technologies in the second quarter worth approximately $1,273,000. OMNI 360 Wealth Inc. purchased a new stake in Trane Technologies during the 2nd quarter valued at $345,000. Jones Financial Companies Lllp increased its position in Trane Technologies by 350.3% during the first quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock valued at $7,140,000 after acquiring an additional 16,485 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in shares of Trane Technologies by 2.7% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 28,083 shares of the company’s stock valued at $12,284,000 after purchasing an additional 726 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In other news, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total value 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. The trade was a 7.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David S. Regnery sold 22,497 shares of Trane Technologies 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 completion of the transaction, 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 SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by company insiders.

Trane Technologies Trading Down 1.0%

TT opened at $413.83 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average is $419.77 and its two-hundred day moving average is $425.74. The company has a market capitalization of $91.76 billion, a P/E ratio of 32.82, a PEG ratio of 2.66 and a beta of 1.16. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18.

Trane Technologies (NYSE:TT) last issued its earnings results 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 net margin of 13.76% and a return on equity of 36.61%. The company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the prior year, the business earned $3.37 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is presently 28.92%.

Analyst Upgrades and Downgrades

TT has been the subject of several analyst reports. Bank of America raised Trane Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $490.00 to $550.00 in a report on Thursday, November 13th. HSBC downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and boosted their target price for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. Barclays lifted their price objective on shares of Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $472.07.

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.