1,455 Shares in Trane Technologies plc $TT Purchased by Centurion Wealth Management LLC

Centurion Wealth Management LLC bought a new stake in Trane Technologies plc (NYSE:TT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,455 shares of the company’s stock, valued at approximately $614,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TT. Brighton Jones LLC boosted its position in shares of Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after acquiring an additional 2,323 shares during the period. Partners Capital Investment Group LLP acquired a new stake in Trane Technologies during the first quarter worth $357,000. CW Advisors LLC boosted its position in shares of Trane Technologies by 107.6% during the 1st quarter. CW Advisors LLC now owns 4,136 shares of the company’s stock valued at $1,408,000 after acquiring an additional 2,144 shares in the last quarter. Norinchukin Bank The boosted its holdings in Trane Technologies by 15.5% during the first quarter. Norinchukin Bank The now owns 11,961 shares of the company’s stock valued at $4,030,000 after purchasing an additional 1,605 shares in the last quarter. Finally, Compound Planning Inc. boosted its stake in shares of Trane Technologies by 25.4% in the 1st quarter. Compound Planning Inc. now owns 2,233 shares of the company’s stock valued at $752,000 after purchasing an additional 452 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Performance

Shares of NYSE:TT opened at $390.33 on Friday. The firm’s 50 day simple moving average is $415.37 and its 200 day simple moving average is $422.86. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The company has a market capitalization of $86.55 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 2.22 and a beta of 1.19. 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 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. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, sell-side analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently announced 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 dividend payout ratio (DPR) is currently 28.92%.

Insider Activity at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was 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 directly owned 7,148 shares of the company’s stock, valued at $3,145,120. This trade represents a 7.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

TT has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. KeyCorp upgraded Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Monday, December 15th. Citigroup boosted their price objective on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Royal Bank Of Canada increased their target price on Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. Finally, Wells Fargo & Company cut their price target on Trane Technologies from $415.00 to $375.00 and set an “underweight” rating for the company in a report on Friday. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $469.40.

Trane Technologies Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.