Northstar Advisory Group LLC Invests $1.21 Million in Trane Technologies plc $TT

Key Points

• Northstar Advisory Group LLC invested approximately $1.21 million in Trane Technologies plc by acquiring 2,758 shares during the second quarter.
• Trane Technologies reported an earnings per share (EPS) of $3.88, surpassing analyst estimates of $3.79, with a net margin of 13.76% and quarterly revenue of $5.75 billion.
• The company's stock has been impacted by analysts' rating changes, with HSBC dropping its recommendation from "strong-buy" to "hold," while others have adjusted price targets, indicating mixed sentiments in the market.

Northstar Advisory Group LLC bought a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 2,758 shares of the company's stock, valued at approximately $1,206,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TT. WFA Asset Management Corp lifted its position in Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock worth $25,000 after acquiring an additional 50 shares in the last quarter. Vermillion & White Wealth Management Group LLC acquired a new position in Trane Technologies during the 4th quarter worth approximately $28,000. Saudi Central Bank acquired a new position in Trane Technologies during the 1st quarter worth approximately $30,000. Opal Wealth Advisors LLC acquired a new position in Trane Technologies during the 1st quarter worth approximately $31,000. Finally, Bogart Wealth LLC raised its position 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. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Trading Down 3.4%

Shares of TT stock opened at $400.97 on Monday. 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 plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The stock has a market capitalization of $89.22 billion, a P/E ratio of 31.80, a P/E/G ratio of 2.50 and a beta of 1.10. The stock has a 50-day simple moving average of $431.51 and a 200 day simple moving average of $400.19.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating analysts' consensus estimates of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the firm earned $3.30 earnings per share. The business'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, sell-side analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Hsbc Global Res lowered Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Robert W. Baird upped their target price on Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. HSBC lowered Trane Technologies from a "buy" rating to a "hold" rating and upped their target price for the company from $415.00 to $460.00 in a research report on Thursday, July 31st. Northcoast Research lowered Trane Technologies from a "buy" rating to a "neutral" rating in a research report on Friday, August 1st. Finally, Morgan Stanley upped their price target on Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $458.60.

Insider Transactions at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the firm's stock in a transaction dated 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.14% of the company's stock.

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.

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