Transcend Capital Advisors LLC Has $2.13 Million Stock Position in Trane Technologies plc $TT

Transcend Capital Advisors LLC lifted its position in shares of Trane Technologies plc (NYSE:TT) by 38.7% in the second quarter, Holdings Channel reports. The institutional investor owned 4,867 shares of the company’s stock after acquiring an additional 1,358 shares during the period. Transcend Capital Advisors LLC’s holdings in Trane Technologies were worth $2,129,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of TT. Ethic Inc. raised its holdings in Trane Technologies by 6.6% in the 2nd quarter. Ethic Inc. now owns 26,836 shares of the company’s stock valued at $11,601,000 after acquiring an additional 1,672 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new position in shares of Trane Technologies during the 2nd quarter worth $345,000. Triton Financial Group Inc acquired a new position in Trane Technologies during the 2nd quarter worth approximately $1,273,000. Jones Financial Companies Lllp increased its position in Trane Technologies by 350.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock worth $7,140,000 after purchasing an additional 16,485 shares in the last quarter. Finally, BROOKFIELD Corp ON increased its holdings in shares of Trane Technologies by 11.0% during the first quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company’s stock worth $2,772,000 after buying an additional 812 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 $50,722,330. This trade represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Stock Up 0.6%

Trane Technologies stock opened at $428.57 on Tuesday. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The stock has a market cap of $95.36 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.65 and a beta of 1.12. The firm’s 50-day simple moving average is $416.35 and its 200 day simple moving average is $416.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10.

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

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a $0.94 dividend. 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 payout ratio is presently 29.82%.

Wall Street Analyst Weigh In

TT has been the subject of several recent research reports. Northcoast Research cut shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, August 1st. The Goldman Sachs Group increased their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Citigroup reduced their price objective on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Finally, Barclays reduced their price objective on shares of Trane Technologies from $495.00 to $485.00 and set an “overweight” rating for the company in a research report on Tuesday, September 16th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $464.29.

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.