Focus Partners Wealth Boosts Stake in Trane Technologies plc $TT

Key Points

• Focus Partners Wealth has increased its stake in Trane Technologies plc by 16.4%, acquiring an additional 1,785 shares in the first quarter, bringing its total to 12,672 shares worth approximately $4.27 million.
• Several institutional investors have also boosted their positions in Trane Technologies, with Jones Financial Companies Lllp increasing its holdings by 350.3% to 21,191 shares.
• Analysts have mixed ratings for Trane Technologies, with the stock receiving five "Buy" ratings, ten "Hold," and one "Sell," while the consensus target price is $458.60.

Focus Partners Wealth grew its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 16.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,672 shares of the company's stock after purchasing an additional 1,785 shares during the quarter. Focus Partners Wealth's holdings in Trane Technologies were worth $4,270,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. WFA Asset Management Corp boosted its holdings 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 worth $25,000 after purchasing an additional 50 shares during the period. Vermillion & White Wealth Management Group LLC purchased a new stake in Trane Technologies in the fourth quarter worth $28,000. Saudi Central Bank purchased a new stake in Trane Technologies in the first quarter worth $30,000. Opal Wealth Advisors LLC purchased a new stake in shares of Trane Technologies in the 1st quarter worth about $31,000. Finally, Bogart Wealth LLC lifted its holdings in Trane Technologies by 97.9% in the first quarter. Bogart Wealth LLC now owns 93 shares of the company's stock worth $31,000 after buying an additional 46 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Trading Up 0.6%

TT traded up $2.48 on Friday, hitting $404.97. The company had a trading volume of 351,485 shares, compared to its average volume of 1,441,762. The company has a market cap of $90.11 billion, a PE ratio of 32.11, a PEG ratio of 2.49 and a beta of 1.10. 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 business's fifty day simple moving average is $429.03 and its 200 day simple moving average is $400.91. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18.

Trane Technologies (NYSE:TT - Get Free Report) last issued its 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. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.77 billion. During the same period in the prior year, the business earned $3.30 EPS. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities research analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Insider Buying and Selling

In other news, CEO David S. Regnery sold 22,497 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the sale, the chief executive officer directly owned 123,713 shares in the company, valued at $50,722,330. This 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 at this link. Company insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

TT has been the subject of a number of research reports. UBS Group boosted their target price on shares of Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Citigroup reduced their target price on shares of Trane Technologies from $499.00 to $494.00 and set a "buy" rating for the company in a report on Wednesday. Barclays reduced their price objective on Trane Technologies from $495.00 to $485.00 and set an "overweight" rating for the company in a research note on Tuesday. Robert W. Baird upped their price objective on Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Finally, Royal Bank Of Canada upped their price target on Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.