Angeles Wealth Management LLC Purchases New Shares in Trane Technologies plc $TT

Angeles Wealth Management LLC purchased a new stake in shares of Trane Technologies plc (NYSE:TT) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 465 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds also recently made changes to their positions in TT. Ameriflex Group Inc. bought a new stake in shares of Trane Technologies during the second quarter valued at approximately $28,000. Saudi Central Bank bought a new stake in shares of Trane Technologies during the first quarter valued at approximately $30,000. Bogart Wealth LLC boosted its position in shares of 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 in the last quarter. Tradewinds Capital Management LLC boosted its position in shares of 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 in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its position in shares of Trane Technologies by 120.0% during the first quarter. Pinnacle Bancorp Inc. now owns 110 shares of the company’s stock valued at $37,000 after purchasing an additional 60 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on TT. Royal Bank Of Canada lifted their price target on Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. HSBC downgraded 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. Barclays dropped their target price on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating on the stock in a report on Tuesday, September 16th. UBS Group boosted their target price on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, Robert W. Baird boosted their target price on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $464.29.

Trane Technologies Trading Up 0.1%

Shares of NYSE:TT opened at $416.31 on Friday. The company has a market cap of $92.63 billion, a P/E ratio of 33.01, a PEG ratio of 2.58 and a beta of 1.12. 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 1 year low of $298.15 and a 1 year high of $476.18. The stock’s fifty day moving average price is $417.59 and its 200-day moving average price is $411.75.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.09. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Sell-side analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The company 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. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies’s dividend payout ratio is 29.82%.

Insider Buying and Selling

In related news, CEO David S. Regnery sold 22,497 shares of the company’s 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 sale, the chief executive officer owned 123,713 shares in the company, valued at approximately $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.