Trane Technologies plc $TT Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC lifted its stake in shares of Trane Technologies plc (NYSE:TT) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 219,102 shares of the company’s stock after acquiring an additional 2,423 shares during the quarter. DAVENPORT & Co LLC’s holdings in Trane Technologies were worth $95,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ameriflex Group Inc. acquired a new stake in Trane Technologies in the 2nd quarter valued at about $28,000. WFA Asset Management Corp raised its holdings in 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 acquiring an additional 50 shares in the last quarter. Saudi Central Bank acquired a new position in Trane Technologies during the 1st quarter worth approximately $30,000. Opal Wealth Advisors LLC purchased a new stake in shares of Trane Technologies during the 1st quarter worth $31,000. Finally, Bogart Wealth LLC grew its stake in shares of Trane Technologies by 97.9% during the first quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after purchasing an additional 46 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Trane Technologies

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

Trane Technologies Stock Up 0.2%

TT opened at $424.29 on Monday. The business has a 50 day moving average price of $421.53 and a two-hundred day moving average price of $407.10. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The company has a market cap of $94.41 billion, a PE ratio of 33.65, a P/E/G ratio of 2.63 and a beta of 1.12. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18.

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

Analyst Ratings Changes

A number of analysts have issued reports on TT shares. Citigroup decreased their price target on Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Saturday, September 27th. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and upped their target price for the company from $415.00 to $460.00 in a report on Thursday, July 31st. The Goldman Sachs Group lifted their price target on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Finally, Robert W. Baird lifted their target price on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $457.40.

Trane Technologies 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.