Trane Technologies plc $TT Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its holdings in shares of Trane Technologies plc (NYSE:TT) by 18.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 370,755 shares of the company’s stock after acquiring an additional 58,256 shares during the quarter. Corient Private Wealth LLC’s holdings in Trane Technologies were worth $162,171,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TT. Icon Advisers Inc. Co. acquired a new stake in shares of Trane Technologies during the 2nd quarter worth approximately $26,000. Ameriflex Group Inc. bought a new position in Trane Technologies during the 2nd quarter worth $28,000. Hantz Financial Services Inc. increased its position in Trane Technologies by 1,016.7% in the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after buying an additional 61 shares during the period. Saudi Central Bank acquired a new stake in Trane Technologies in the first quarter worth $30,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Trane Technologies by 23.4% in the first 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 last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Elizabeth A. Elwell sold 600 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $440.00, for a total transaction of $264,000.00. Following the completion of the transaction, the chief accounting officer owned 7,148 shares in the company, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TT. JPMorgan Chase & Co. increased their price objective on shares of Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Royal Bank Of Canada upped their target price on shares of Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Wells Fargo & Company lifted their price target on Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a report on Monday, October 6th. Barclays increased their price objective on Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Trane Technologies currently has an average rating of “Hold” and a consensus target price of $470.07.

Trane Technologies Price Performance

NYSE TT opened at $391.07 on Monday. 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 $86.72 billion, a PE ratio of 30.08, a P/E/G ratio of 2.25 and a beta of 1.19. The company’s 50 day simple moving average is $418.54 and its 200 day simple moving average is $424.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the firm posted $3.37 earnings per share. The firm’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. As a group, equities research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, December 5th. This represents a $3.76 annualized dividend and a yield of 1.0%. Trane Technologies’s payout ratio is 28.92%.

About Trane Technologies

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.