Inspire Advisors LLC Makes New $716,000 Investment in Trane Technologies plc $TT

Inspire Advisors LLC purchased a new stake in Trane Technologies plc (NYSE:TT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,636 shares of the company’s stock, valued at approximately $716,000.

Several other large investors also recently modified their holdings of the stock. Ameriflex Group Inc. acquired a new position in shares of Trane Technologies during the 2nd quarter valued at $28,000. Hantz Financial Services Inc. increased its stake in Trane Technologies by 1,016.7% in the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after purchasing an additional 61 shares in the last quarter. Saudi Central Bank acquired a new position in shares of Trane Technologies during the first quarter valued at about $30,000. Dagco Inc. bought a new position in shares of Trane Technologies during the 1st quarter worth about $37,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of Trane Technologies by 23.4% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock valued at $46,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citigroup upped their price target on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Morgan Stanley upped their target price on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and increased their target price for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. UBS Group boosted 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. Finally, Bank of America raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $490.00 to $550.00 in a research note on Thursday, November 13th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $472.07.

Trane Technologies Trading Down 1.6%

NYSE TT opened at $407.26 on Wednesday. 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 business has a fifty day simple moving average of $419.74 and a 200 day simple moving average of $425.79. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The firm has a market capitalization of $90.30 billion, a P/E ratio of 32.30, a PEG ratio of 2.66 and a beta of 1.16.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the previous year, the firm earned $3.37 EPS. The business’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. On average, analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

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

Insider Activity

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the 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 sale, the chief executive officer owned 123,713 shares in the company, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the completion of the transaction, the chief accounting officer owned 7,148 shares in the company, valued at $3,145,120. The trade was a 7.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

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.