111 Capital Acquires Shares of 1,080 Trane Technologies plc $TT

Key Points

• 111 Capital acquired a new stake in Trane Technologies plc, purchasing 1,080 shares valued at approximately $472,000 in the second quarter.
• Trane Technologies reported earnings of $3.88 per share for the last quarter, which surpassed analysts’ expectations of $3.79.
• Analysts have mixed views on Trane Technologies, with price targets ranging from $460.00 to $544.00, resulting in an average rating of "Hold" among investment analysts.

111 Capital acquired a new stake in Trane Technologies plc (NYSE:TT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,080 shares of the company's stock, valued at approximately $472,000.

Several other large investors also recently bought and sold shares of the company. Tilia Fiduciary Partners Inc. boosted its stake in shares of Trane Technologies by 2.3% during the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 1,351 shares of the company's stock valued at $591,000 after buying an additional 31 shares during the last quarter. Ameriflex Group Inc. bought a new position in Trane Technologies during the 2nd quarter valued at $28,000. QRG Capital Management Inc. boosted its stake in Trane Technologies by 39.5% during the 2nd quarter. QRG Capital Management Inc. now owns 64,005 shares of the company's stock valued at $27,996,000 after acquiring an additional 18,121 shares during the last quarter. Ascent Group LLC boosted its stake in Trane Technologies by 2.1% during the 2nd quarter. Ascent Group LLC now owns 13,492 shares of the company's stock valued at $5,902,000 after acquiring an additional 282 shares during the last quarter. Finally, Consilium Wealth Advisory LLC boosted its stake in Trane Technologies by 558.3% during the 2nd quarter. Consilium Wealth Advisory LLC now owns 45,713 shares of the company's stock valued at $19,995,000 after acquiring an additional 38,769 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Stock Performance

TT stock opened at $424.29 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The stock has a market capitalization of $94.41 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 2.63 and a beta of 1.12. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The stock's fifty day moving average is $421.53 and its two-hundred day moving average is $407.10.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. UBS Group increased their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Citigroup reduced their price objective on Trane Technologies from $499.00 to $494.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. Hsbc Global Res cut Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Barclays reduced their price objective on Trane Technologies from $495.00 to $485.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 16th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Trane Technologies currently has an average rating of "Hold" and an average price target of $457.40.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the sale, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company's stock.

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.

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