Advisors Asset Management Inc. Acquires 698 Shares of Trane Technologies plc $TT

Key Points

• Advisors Asset Management Inc. increased its stake in Trane Technologies plc by 15.6% in Q1, acquiring an additional 698 shares, bringing its total holdings to 5,177 shares valued at approximately $1.74 million.
• Trane Technologies reported $3.88 EPS for the recent quarter, surpassing the estimated $3.79, with a revenue of $5.75 billion, slightly below analyst expectations.
• CEO David S. Regnery sold 22,497 shares of Trane Technologies for around $9.22 million, reducing his position by 15.39% to 123,713 shares.

Advisors Asset Management Inc. lifted its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 15.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,177 shares of the company's stock after acquiring an additional 698 shares during the period. Advisors Asset Management Inc.'s holdings in Trane Technologies were worth $1,744,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new stake in shares of Trane Technologies during the fourth quarter valued at approximately $26,000. WFA Asset Management Corp increased its position in shares of Trane Technologies by 208.3% during the first quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Trane Technologies during the fourth quarter valued at approximately $28,000. Saudi Central Bank bought a new stake in shares of Trane Technologies during the first quarter valued at approximately $30,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Trane Technologies during the first quarter valued at approximately $31,000. Institutional investors own 82.97% of the company's stock.

Trane Technologies Trading Up 0.2%

Shares of Trane Technologies stock opened at $413.88 on Monday. The company's fifty day simple moving average is $434.03 and its 200-day simple moving average is $398.00. The stock has a market capitalization of $92.09 billion, a PE ratio of 32.82, a P/E/G ratio of 2.58 and a beta of 1.10. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76.

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, topping the consensus estimate of $3.79 by $0.09. The business had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The company's revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, equities analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of Trane Technologies 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. HSBC downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and raised their price target for the company from $415.00 to $460.00 in a research report on Thursday, July 31st. Royal Bank Of Canada raised their target price on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Robert W. Baird raised their target price on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Finally, 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 report on Tuesday, July 1st. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $458.60.

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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