Trane Technologies plc $TT Shares Bought by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in Trane Technologies plc by 39.9%, acquiring an additional 2,825 shares, bringing their total ownership to 9,900 shares valued at approximately $3.34 million.
• Wall Street analysts have mixed opinions on Trane Technologies, with five analysts rating it as a Buy, ten as Hold, and one as Sell, reflecting an average target price of $458.60.
• CEO David S. Regnery sold 22,497 shares of Trane Technologies stock for over $9.2 million, which decreases his personal stake in the company by 15.39%.

Ashton Thomas Private Wealth LLC lifted its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 39.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,900 shares of the company's stock after purchasing an additional 2,825 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Trane Technologies were worth $3,336,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Trane Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 19,456,776 shares of the company's stock worth $6,555,377,000 after purchasing an additional 221,206 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Trane Technologies by 9.8% during the first quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company's stock worth $5,297,235,000 after purchasing an additional 1,408,421 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Trane Technologies by 7.2% during the first quarter. Ameriprise Financial Inc. now owns 3,585,300 shares of the company's stock worth $1,208,044,000 after purchasing an additional 241,910 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Trane Technologies during the first quarter worth approximately $877,468,000. Finally, Northern Trust Corp increased its stake in shares of Trane Technologies by 0.7% during the first quarter. Northern Trust Corp now owns 2,584,819 shares of the company's stock worth $870,877,000 after buying an additional 17,292 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 22,497 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 123,713 shares of the company's stock, valued at approximately $50,722,330. The trade was a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company's stock.

Trane Technologies Price Performance

Shares of NYSE:TT traded down $1.50 during midday trading on Thursday, hitting $415.82. 1,483,631 shares of the stock were exchanged, compared to its average volume of 1,132,802. The stock has a market cap of $92.52 billion, a P/E ratio of 32.98, a PEG ratio of 2.60 and a beta of 1.10. 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 twelve month low of $298.15 and a twelve month high of $476.18. The company has a 50 day moving average price of $432.28 and a 200-day moving average price of $399.10.

Trane Technologies (NYSE:TT - Get Free Report) last announced its 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 net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the previous year, the company posted $3.30 EPS. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TT. Morgan Stanley upped their target price on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. UBS Group upped their target price on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. HSBC lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and upped their target price for the stock from $415.00 to $460.00 in a research note on Thursday, July 31st. Wells Fargo & Company upped 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 raised their price objective 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. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Trane Technologies has a consensus rating of "Hold" and a consensus target price of $458.60.

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.