Maple Capital Management Inc. Takes Position in Trane Technologies plc $TT

Key Points

• Maple Capital Management Inc. acquired a new stake in Trane Technologies plc by purchasing 762 shares, valued at approximately $257,000, during the 1st quarter of the year.
• CEO David S. Regnery sold 22,497 shares of Trane Technologies for over $9 million, reducing his ownership stake by 15.39%.
• Recent analyst ratings for Trane Technologies show a consensus of "Hold", with price targets ranging from $450 to $502, amidst fluctuating evaluations by multiple research firms.

Maple Capital Management Inc. bought a new stake in Trane Technologies plc (NYSE:TT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 762 shares of the company's stock, valued at approximately $257,000.

Other institutional investors have also modified their holdings of the company. WFA Asset Management Corp raised its stake in shares of Trane Technologies by 208.3% in the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Trane Technologies in the 4th quarter valued at about $28,000. Saudi Central Bank acquired a new stake in shares of Trane Technologies in the 1st quarter valued at about $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of Trane Technologies in the 1st quarter valued at about $31,000. Finally, Bogart Wealth LLC raised its stake in shares of Trane Technologies by 97.9% in the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company's stock valued at $31,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Stock Performance

NYSE TT traded down $13.91 on Friday, hitting $400.97. The stock had a trading volume of 1,563,705 shares, compared to its average volume of 1,195,808. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. 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 stock has a market cap of $89.22 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 2.50 and a beta of 1.10. The company's 50-day moving average is $431.51 and its two-hundred day moving average is $400.19.

Trane Technologies (NYSE:TT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping 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 analysts' expectations of $5.77 billion. During the same quarter in the prior year, the firm earned $3.30 EPS. Trane Technologies's quarterly revenue 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, analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Wall Street Analyst Weigh In

TT has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of Trane Technologies from $480.00 to $495.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Royal Bank Of Canada increased their price objective on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. HSBC lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and increased their price objective for the stock from $415.00 to $460.00 in a research note on Thursday, July 31st. Citigroup increased their price objective on shares of Trane Technologies from $445.00 to $502.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company increased their price objective 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. 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $458.60.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the company'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 in the company, valued at approximately $50,722,330. This represents a 15.39% decrease in their position. 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.

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.