3,893 Shares in Trane Technologies plc $TT Acquired by Ransom Advisory Ltd

Key Points

• Ransom Advisory Ltd acquired 3,893 shares of Trane Technologies plc, valued at approximately $1,312,000, in the first quarter of the year.
• Trane Technologies recently reported earnings per share (EPS) of $3.88 for the last quarter, surpassing analysts' expectations of $3.79, with revenue totaling $5.75 billion.
• CEO David S. Regnery sold 22,497 shares at an average price of $410.00, resulting in a significant decrease of 15.39% in his ownership of the company’s stock.

Ransom Advisory Ltd bought a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,893 shares of the company's stock, valued at approximately $1,312,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Trane Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 19,456,776 shares of the company's stock valued at $6,555,377,000 after acquiring an additional 221,206 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Trane Technologies by 9.8% during the 1st quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company's stock valued at $5,297,235,000 after purchasing an additional 1,408,421 shares during the period. Ameriprise Financial Inc. increased its position in shares of Trane Technologies by 7.2% during the 1st quarter. Ameriprise Financial Inc. now owns 3,585,300 shares of the company's stock valued at $1,208,044,000 after purchasing an additional 241,910 shares during the last quarter. Nuveen LLC bought a new position in Trane Technologies in the first quarter worth approximately $877,468,000. Finally, Northern Trust Corp boosted its stake in shares of Trane Technologies by 0.7% during the 1st quarter. Northern Trust Corp now owns 2,584,819 shares of the company's stock worth $870,877,000 after acquiring an additional 17,292 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Stock Down 1.5%

TT opened at $408.74 on Wednesday. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. 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 firm has a 50-day simple moving average of $433.07 and a two-hundred day simple moving average of $398.50. The company has a market capitalization of $90.95 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 2.59 and a beta of 1.10.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Northcoast Research cut Trane Technologies from a "buy" rating to a "neutral" rating in a report on Friday, August 1st. Robert W. Baird lifted their price objective on Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. HSBC lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and increased their target price for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. Wells Fargo & Company raised their target price on shares of Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 1st. Finally, Royal Bank Of Canada increased their price objective on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Trane Technologies has an average rating of "Hold" and a consensus price target of $458.60.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the 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 $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by insiders.

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.

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