Osaic Holdings Inc. Acquires 19,245 Shares of Trane Technologies plc $TT

Osaic Holdings Inc. grew its holdings in shares of Trane Technologies plc (NYSE:TT) by 48.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,592 shares of the company’s stock after purchasing an additional 19,245 shares during the quarter. Osaic Holdings Inc.’s holdings in Trane Technologies were worth $23,813,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Icon Advisers Inc. Co. bought a new position in Trane Technologies during the second quarter valued at about $26,000. Ameriflex Group Inc. bought a new position in shares of Trane Technologies in the 2nd quarter valued at approximately $28,000. Hantz Financial Services Inc. lifted its holdings in Trane Technologies by 1,016.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Saudi Central Bank bought a new stake in Trane Technologies during the first quarter worth approximately $30,000. Finally, NewSquare Capital LLC grew its holdings in Trane Technologies by 94.1% during the second quarter. NewSquare Capital LLC now owns 132 shares of the company’s stock valued at $58,000 after purchasing an additional 64 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction 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 transaction, the chief accounting officer owned 7,148 shares in the company, valued at approximately $3,145,120. This represents a 7.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Stock Down 3.5%

TT stock opened at $382.02 on Thursday. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.47. The company has a market cap of $84.71 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.28 and a beta of 1.19. The business’s 50-day simple moving average is $416.51 and its 200 day simple moving average is $423.40.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter last year, the company earned $3.37 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a dividend of $0.94 per share. The ex-dividend date is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a yield of 1.0%. Trane Technologies’s payout ratio is currently 28.92%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TT. Royal Bank Of Canada boosted their price objective on shares of Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Barclays boosted their target price on shares of Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Wells Fargo & Company raised their price target on Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. boosted their price objective on Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Finally, KeyCorp raised Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Monday. Eight investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $472.07.

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.