Jones Financial Companies Lllp Purchases 16,485 Shares of Trane Technologies plc $TT

Key Points

• Jones Financial Companies Lllp increased its stake in Trane Technologies plc by 350.3%, acquiring an additional 16,485 shares to reach a total of 21,191 shares valued at $7,140,000.
• CEO David S. Regnery sold 22,497 shares at an average price of $410.00, reducing his ownership by 15.39% but still holding 123,713 shares valued at approximately $50.7 million.
• Trane Technologies' stock has a market cap of $90.95 billion, with a twelve-month trading range between $298.15 and $476.18, and a current average analyst target price of $458.60.

Jones Financial Companies Lllp boosted its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 350.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,191 shares of the company's stock after acquiring an additional 16,485 shares during the period. Jones Financial Companies Lllp's holdings in Trane Technologies were worth $7,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TT. Legacy Wealth Managment LLC ID lifted its holdings in shares of Trane Technologies by 486.9% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 628 shares of the company's stock valued at $212,000 after purchasing an additional 521 shares in the last quarter. Parallax Volatility Advisers L.P. raised its holdings in Trane Technologies by 3,944.9% during the 1st quarter. Parallax Volatility Advisers L.P. now owns 3,768 shares of the company's stock worth $1,270,000 after buying an additional 3,866 shares during the period. Nissay Asset Management Corp Japan ADV lifted its stake in Trane Technologies by 38.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 55,885 shares of the company's stock valued at $18,829,000 after buying an additional 15,549 shares in the last quarter. Nippon Life Global Investors Americas Inc. boosted its holdings in shares of Trane Technologies by 17.5% in the first quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company's stock valued at $1,041,000 after buying an additional 460 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in shares of Trane Technologies by 22.1% during the first quarter. Integrated Wealth Concepts LLC now owns 2,985 shares of the company's stock worth $1,006,000 after acquiring an additional 541 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Activity at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of Trane Technologies 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 $50,722,330. This trade represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Trane Technologies Stock Down 1.5%

TT stock opened at $408.74 on Wednesday. The company has a market cap of $90.95 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 2.59 and a beta of 1.10. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The business has a 50 day moving average price of $433.07 and a two-hundred day moving average price of $398.50. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating 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 company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the prior year, the firm posted $3.30 EPS. The firm'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. Analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TT. The Goldman Sachs Group upped their target price on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Citigroup boosted their price target on Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a report on Monday, July 14th. Northcoast Research downgraded Trane Technologies from a "buy" rating to a "neutral" rating in a report on Friday, August 1st. Royal Bank Of Canada lifted their target price on Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Finally, Barclays upped their price target on Trane Technologies from $480.00 to $495.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.

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