VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Trane Technologies plc $TT

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Trane Technologies plc (NYSE:TT) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,900 shares of the company’s stock, valued at approximately $2,912,000.

Other institutional investors have also modified their holdings of the company. First American Bank grew its stake in shares of Trane Technologies by 0.5% during the third quarter. First American Bank now owns 26,896 shares of the company’s stock worth $11,349,000 after purchasing an additional 143 shares in the last quarter. Petros Family Wealth LLC acquired a new position in shares of Trane Technologies during the 3rd quarter worth about $207,000. Goldstone Financial Group LLC boosted its position in shares of Trane Technologies by 40.1% during the 3rd quarter. Goldstone Financial Group LLC now owns 1,885 shares of the company’s stock worth $796,000 after acquiring an additional 540 shares in the last quarter. Private Wealth Management Group LLC increased its holdings in shares of Trane Technologies by 105.5% in the 3rd quarter. Private Wealth Management Group LLC now owns 113 shares of the company’s stock valued at $48,000 after acquiring an additional 58 shares during the last quarter. Finally, Ethic Inc. raised its position in shares of Trane Technologies by 0.7% during the 3rd quarter. Ethic Inc. now owns 27,015 shares of the company’s stock worth $11,399,000 after acquiring an additional 179 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the transaction, the chief accounting officer directly owned 7,148 shares in the company, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Trane Technologies Stock Down 0.6%

TT stock opened at $389.17 on Friday. The company has a market cap of $86.29 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 2.24 and a beta of 1.21. The company has a fifty day moving average price of $410.60 and a 200 day moving average price of $420.65. 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 plc has a 12 month low of $298.15 and a 12 month high of $476.18.

Trane Technologies (NYSE:TT) last posted 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. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the previous year, the business posted $3.37 earnings per share. Trane Technologies’s quarterly revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th were paid a dividend of $0.94 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $3.76 annualized dividend and a yield of 1.0%. Trane Technologies’s dividend payout ratio is currently 28.92%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TT shares. Barclays upped their price target on Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Royal Bank Of Canada upped their target price on shares of Trane Technologies from $467.00 to $469.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, October 8th. KeyCorp raised shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research report on Monday, December 15th. Finally, Bank of America upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $490.00 to $550.00 in a research note on Thursday, November 13th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $469.40.

Trane Technologies Company 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.