Harfst & Associates Inc. Purchases 2,113 Shares of Trane Technologies plc $TT

Harfst & Associates Inc. increased its position in shares of Trane Technologies plc (NYSE:TT) by 114.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,964 shares of the company’s stock after buying an additional 2,113 shares during the period. Harfst & Associates Inc.’s holdings in Trane Technologies were worth $1,734,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TT. Quadrant Capital Group LLC raised its stake in Trane Technologies by 34.8% in the second quarter. Quadrant Capital Group LLC now owns 6,086 shares of the company’s stock worth $2,662,000 after buying an additional 1,570 shares in the last quarter. Vinva Investment Management Ltd lifted its stake in shares of Trane Technologies by 58.4% during the 2nd quarter. Vinva Investment Management Ltd now owns 18,767 shares of the company’s stock worth $8,113,000 after purchasing an additional 6,917 shares during the last quarter. Employees Retirement System of Texas bought a new stake in Trane Technologies during the second quarter valued at about $794,000. Inceptionr LLC grew its stake in Trane Technologies by 67.5% in the second quarter. Inceptionr LLC now owns 5,263 shares of the company’s stock valued at $2,302,000 after purchasing an additional 2,120 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in shares of Trane Technologies by 62.8% during the second quarter. J.W. Cole Advisors Inc. now owns 12,837 shares of the company’s stock valued at $5,615,000 after buying an additional 4,954 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Price Performance

Shares of Trane Technologies stock opened at $420.30 on Thursday. The firm has a market cap of $93.20 billion, a PE ratio of 33.33, a P/E/G ratio of 2.66 and a beta of 1.16. The business has a 50-day moving average price of $420.35 and a 200 day moving average price of $425.89. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the business earned $3.37 earnings per share. The business’s revenue 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. Sell-side analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a $0.94 dividend. 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 currently 28.92%.

Analysts Set New Price Targets

Several brokerages have recently commented on TT. Morgan Stanley increased their price objective on Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Hsbc Global Res lowered shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their price objective on Trane Technologies from $467.00 to $469.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. Bank of America raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $490.00 to $550.00 in a research report on Thursday, November 13th. Finally, Citigroup upped their price objective on shares of Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a report on Friday, October 31st. Seven equities research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $470.07.

Insider Activity

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the business’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 transaction of $9,223,770.00. Following the completion of the sale, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. The trade was a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies 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 sale, the chief accounting officer directly owned 7,148 shares in the company, valued at $3,145,120. This represents a 7.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.14% of the company’s stock.

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.