Vest Financial LLC Purchases New Position in Trane Technologies plc $TT

Vest Financial LLC purchased a new stake in Trane Technologies plc (NYSE:TT) in the second quarter, HoldingsChannel reports. The fund purchased 637 shares of the company’s stock, valued at approximately $279,000.

A number of other institutional investors have also recently made changes to their positions in the business. MGO One Seven LLC lifted its holdings in shares of Trane Technologies by 4.0% in the 2nd quarter. MGO One Seven LLC now owns 3,564 shares of the company’s stock valued at $1,559,000 after acquiring an additional 138 shares during the last quarter. Clarendon Private LLC lifted its holdings in shares of Trane Technologies by 40.7% in the 2nd quarter. Clarendon Private LLC now owns 889 shares of the company’s stock valued at $389,000 after acquiring an additional 257 shares during the last quarter. CWM LLC lifted its holdings in shares of Trane Technologies by 18.0% in the 2nd quarter. CWM LLC now owns 23,573 shares of the company’s stock valued at $10,311,000 after acquiring an additional 3,592 shares during the last quarter. Ackerman Capital Advisors LLC bought a new position in shares of Trane Technologies in the 2nd quarter valued at about $222,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Trane Technologies by 17.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 39,111 shares of the company’s stock valued at $17,108,000 after acquiring an additional 5,743 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TT shares. Morgan Stanley raised their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Citigroup decreased their price objective on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Wells Fargo & Company raised their price objective on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research note on Monday, October 6th. Robert W. Baird raised their price objective on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Finally, 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. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies has an average rating of “Hold” and a consensus price target of $460.00.

Insider Buying and Selling

In related 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Trane Technologies Stock Performance

Trane Technologies stock opened at $423.27 on Thursday. The company has a 50 day moving average price of $418.11 and a 200-day moving average price of $410.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. 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 $94.18 billion, a PE ratio of 33.57, a P/E/G ratio of 2.64 and a beta of 1.12.

Trane Technologies (NYSE:TT) last posted its quarterly 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. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the previous year, the firm posted $3.30 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, equities analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s payout ratio is 29.82%.

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.