Ransom Advisory Ltd Takes Position in Trane Technologies plc $TT

Ransom Advisory Ltd purchased a new position in Trane Technologies plc (NYSE:TT) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 3,893 shares of the company’s stock, valued at approximately $1,312,000.

Other hedge funds have also bought and sold shares of the company. WFA Asset Management Corp boosted its stake in shares of Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock worth $25,000 after purchasing an additional 50 shares during the period. Minot DeBlois Advisors LLC purchased a new position in shares of Trane Technologies during the fourth quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Trane Technologies during the fourth quarter valued at approximately $28,000. Saudi Central Bank purchased a new stake in shares of Trane Technologies in the first quarter worth approximately $30,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Trane Technologies during the 1st quarter worth approximately $31,000. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total value of $9,223,770.00. Following the transaction, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

Trane Technologies Trading Down 1.5%

TT opened at $408.74 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a market cap of $90.95 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 2.59 and a beta of 1.10. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The stock has a fifty day moving average price of $433.07 and a 200-day moving average price of $398.50.

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

Analyst Ratings Changes

TT has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Northcoast Research lowered shares of Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Barclays raised their target price on shares of Trane Technologies from $480.00 to $495.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada boosted their price target on Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Trane Technologies currently has an average rating of “Hold” and an average price target of $458.60.

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.