Hilltop National Bank Takes $2.81 Million Position in Trane Technologies plc $TT

Hilltop National Bank bought a new stake in Trane Technologies plc (NYSE:TT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,413 shares of the company's stock, valued at approximately $2,805,000.

Several other hedge funds also recently modified their holdings of the business. J. Safra Sarasin Holding AG boosted its stake in shares of Trane Technologies by 54.0% in the 2nd quarter. J. Safra Sarasin Holding AG now owns 95,174 shares of the company's stock valued at $41,630,000 after purchasing an additional 33,374 shares during the last quarter. EWA LLC bought a new position in shares of Trane Technologies in the 2nd quarter valued at about $217,000. Naples Global Advisors LLC bought a new position in shares of Trane Technologies in the 2nd quarter valued at about $246,000. Parsons Capital Management Inc. RI raised its position in shares of Trane Technologies by 0.7% in the 2nd quarter. Parsons Capital Management Inc. RI now owns 8,751 shares of the company's stock valued at $3,828,000 after acquiring an additional 59 shares during the period. Finally, Pure Financial Advisors LLC raised its position in shares of Trane Technologies by 34.9% in the 2nd quarter. Pure Financial Advisors LLC now owns 1,074 shares of the company's stock valued at $470,000 after acquiring an additional 278 shares during the period. Institutional investors own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TT. Morgan Stanley increased their price target on shares of Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Barclays cut their price target on shares of Trane Technologies from $495.00 to $485.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 16th. Citigroup cut their price target on shares of Trane Technologies from $499.00 to $494.00 and set a "buy" rating on the stock in a research report on Wednesday, September 17th. Northcoast Research downgraded shares of Trane Technologies from a "buy" rating to a "neutral" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company increased their price target on shares of Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $457.40.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 123,713 shares of the company's stock, valued at $50,722,330. This trade represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Stock Performance

Shares of TT stock opened at $423.72 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The company has a market capitalization of $94.28 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12. The company's 50 day moving average price is $422.49 and its two-hundred day moving average price is $405.76. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18.

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 company had revenue of $5.75 billion during 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 business's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Company 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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