621 Shares in Trane Technologies plc $TT Bought by Cove Private Wealth LLC

Key Points

• Cove Private Wealth LLC acquired 621 shares of Trane Technologies plc, valued at approximately $272,000, during the 2nd quarter.
• Trane Technologies reported $3.88 earnings per share for the last quarter, exceeding the consensus estimate of $3.79.
• Analysts have set a consensus target price of $457.40 for Trane Technologies, with a mix of ratings including five "Buy" and ten "Hold" ratings.

Cove Private Wealth LLC acquired a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 621 shares of the company's stock, valued at approximately $272,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TT. Brighton Jones LLC raised its stake in Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock valued at $2,288,000 after buying an additional 2,323 shares during the last quarter. Centaurus Financial Inc. bought a new stake in shares of Trane Technologies in the 4th quarter worth $237,000. NorthCrest Asset Manangement LLC grew its holdings in shares of Trane Technologies by 6.9% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 2,978 shares of the company's stock worth $1,100,000 after acquiring an additional 191 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Trane Technologies by 37.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 81,325 shares of the company's stock valued at $30,037,000 after purchasing an additional 22,233 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Trane Technologies by 28.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 951 shares of the company's stock worth $320,000 after acquiring an additional 213 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Price Performance

TT stock opened at $415.91 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The company has a market cap of $92.54 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 2.52 and a beta of 1.10. The firm has a 50 day moving average of $425.02 and a 200-day moving average of $403.63.

Trane Technologies (NYSE:TT - Get Free Report) last issued 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 return on equity of 36.61% and a net margin of 13.76%.The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the previous year, the firm posted $3.30 EPS. Trane Technologies'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 expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Insider Activity at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of Trane Technologies 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 transaction, the chief executive officer owned 123,713 shares in the company, valued at approximately $50,722,330. The trade was 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 hyperlink. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on TT. Barclays cut their target price 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. Citigroup reduced their price objective on Trane Technologies from $499.00 to $494.00 and set a "buy" rating for the company in a research note on Wednesday, September 17th. The Goldman Sachs Group raised their target price on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Robert W. Baird boosted their target price on Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Finally, UBS Group upped their price objective on Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $457.40.

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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