507 Shares in Trane Technologies plc $TT Bought by Ackerman Capital Advisors LLC

Ackerman Capital Advisors LLC bought a new position in Trane Technologies plc (NYSE:TT) during the second quarter, Holdings Channel reports. The fund bought 507 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriflex Group Inc. purchased a new position in shares of Trane Technologies during the second quarter valued at $28,000. Saudi Central Bank acquired a new stake in Trane Technologies during the first quarter valued at $30,000. Opal Wealth Advisors LLC acquired a new stake in Trane Technologies during the first quarter valued at $31,000. Bogart Wealth LLC boosted its position in Trane Technologies by 97.9% during the first quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock valued at $31,000 after purchasing an additional 46 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in Trane Technologies by 46.2% during the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock valued at $32,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In other news, 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 value of $9,223,770.00. Following the completion of the sale, the chief executive officer directly owned 123,713 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and lifted their price objective for the company from $415.00 to $460.00 in a research report on Thursday, July 31st. The Goldman Sachs Group lifted their price objective on Trane Technologies from $416.00 to $460.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. UBS Group lifted their price objective on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Morgan Stanley boosted their price target on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Citigroup reduced their price target on Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies has an average rating of “Hold” and a consensus target price of $457.73.

Trane Technologies Trading Down 1.1%

Shares of TT opened at $414.09 on Friday. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. 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 firm has a market capitalization of $92.14 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 2.57 and a beta of 1.12. The stock’s 50-day moving average price is $418.60 and its 200 day moving average price is $409.03.

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

Trane Technologies Dividend Announcement

The firm also recently declared 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 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 is 29.82%.

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.