Soltis Investment Advisors LLC Purchases Shares of 624 Trane Technologies plc $TT

Soltis Investment Advisors LLC acquired a new position in shares of Trane Technologies plc (NYSE:TT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 624 shares of the company’s stock, valued at approximately $273,000.

Other large investors also recently made changes to their positions in the company. Long Run Wealth Advisors LLC acquired a new position in Trane Technologies during the second quarter worth $201,000. HORAN Wealth LLC acquired a new stake in Trane Technologies in the second quarter valued at $7,112,000. Suncoast Equity Management grew its position in shares of Trane Technologies by 51.3% in the 2nd quarter. Suncoast Equity Management now owns 9,468 shares of the company’s stock valued at $4,141,000 after acquiring an additional 3,209 shares during the period. Sienna Gestion increased its stake in shares of Trane Technologies by 10.3% during the 2nd quarter. Sienna Gestion now owns 27,803 shares of the company’s stock worth $11,103,000 after purchasing an additional 2,604 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Trane Technologies in the 2nd quarter valued at about $29,228,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TT shares. Royal Bank Of Canada boosted their price target on Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research 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. Northcoast Research cut Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Citigroup raised their price target on Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Six investment 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.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $466.50.

Insider Transactions at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the firm’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 transaction 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. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total value of $264,000.00. Following the completion of the sale, the chief accounting officer owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.14% of the company’s stock.

Trane Technologies Stock Performance

TT opened at $434.01 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The business has a fifty day simple moving average of $418.82 and a 200 day simple moving average of $422.03. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The company has a market capitalization of $96.24 billion, a PE ratio of 34.42, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.08. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Research analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a $0.94 dividend. The ex-dividend date is Friday, December 5th. This represents a $3.76 annualized dividend and a yield of 0.9%. Trane Technologies’s payout ratio is 28.92%.

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.