Flputnam Investment Management Co. Has $7.40 Million Position in Trane Technologies plc $TT

Key Points

• Flputnam Investment Management Co. increased its holdings in Trane Technologies plc by 8.6%, now owning 21,964 shares worth approximately $7.4 million.
• Recent analysts' ratings for Trane Technologies show a mix, with UBS Group raising its target price from $500 to $544 and five analysts rating it as a "Buy."
• Trane Technologies declared a quarterly dividend of $0.94 per share, with an annualized dividend yield of 0.9%, reflecting a strong commitment to shareholder returns.

Flputnam Investment Management Co. raised its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,964 shares of the company's stock after acquiring an additional 1,735 shares during the quarter. Flputnam Investment Management Co.'s holdings in Trane Technologies were worth $7,400,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWA Asset Management Group LLC lifted its holdings in Trane Technologies by 19.2% in the 1st quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company's stock valued at $382,000 after acquiring an additional 183 shares during the last quarter. Ethic Inc. increased its stake in Trane Technologies by 150.1% in the 4th quarter. Ethic Inc. now owns 24,883 shares of the company's stock worth $9,190,000 after purchasing an additional 14,932 shares in the last quarter. Brighton Jones LLC increased its stake in Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock worth $2,288,000 after purchasing an additional 2,323 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Trane Technologies by 495.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,252 shares of the company's stock worth $1,433,000 after purchasing an additional 3,538 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Trane Technologies by 13.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,141 shares of the company's stock worth $3,417,000 after purchasing an additional 1,198 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Stock Up 1.1%

Shares of Trane Technologies stock traded up $4.54 during trading on Thursday, hitting $412.85. 1,243,725 shares of the stock traded hands, compared to its average volume of 1,448,586. The stock has a market cap of $91.86 billion, a P/E ratio of 32.74, a PEG ratio of 2.59 and a beta of 1.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The company has a fifty day moving average price of $434.72 and a two-hundred day moving average price of $396.90.

Trane Technologies (NYSE:TT - Get Free Report) last posted 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. The company had revenue of $5.75 billion for 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 business's revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities research analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TT has been the subject of several research analyst reports. Barclays upped their price target on shares of Trane Technologies from $480.00 to $495.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Royal Bank Of Canada increased their target price on Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Hsbc Global Res downgraded Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Wells Fargo & Company increased their price objective on Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 1st. Finally, UBS Group raised their price objective on Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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 that occurred on Tuesday, September 2nd. The stock was 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 $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is 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.