Ransom Advisory Ltd Lowers Position in Trane Technologies plc $TT

Ransom Advisory Ltd decreased its stake in Trane Technologies plc (NYSE:TT) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,743 shares of the company’s stock after selling 150 shares during the period. Ransom Advisory Ltd’s holdings in Trane Technologies were worth $1,637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WFA Asset Management Corp lifted its stake in shares of Trane Technologies by 208.3% in the first quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock valued at $25,000 after purchasing an additional 50 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Trane Technologies in the fourth quarter valued at about $28,000. Saudi Central Bank acquired a new stake in shares of Trane Technologies in the first quarter valued at about $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of Trane Technologies in the first quarter valued at about $31,000. Finally, Bogart Wealth LLC lifted its stake in shares of Trane Technologies by 97.9% in the first quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock valued at $31,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Performance

Shares of TT opened at $400.97 on Monday. The company has a 50-day moving average of $431.51 and a two-hundred day moving average of $400.19. 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 stock has a market cap of $89.22 billion, a P/E ratio of 31.80, a PEG ratio of 2.50 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.

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Robert W. Baird raised their price objective on shares of Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Morgan Stanley raised their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Northcoast Research cut shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, August 1st. Citigroup lifted their target price on shares of Trane Technologies from $445.00 to $502.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Barclays lifted 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. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and an average target price of $458.60.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the business’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 value of $9,223,770.00. Following the completion of the transaction, the chief executive officer owned 123,713 shares of the company’s stock, valued at $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by corporate insiders.

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.