OMNI 360 Wealth Inc. Buys Shares of 788 Trane Technologies plc $TT

Key Points

• OMNI 360 Wealth Inc. acquired 788 shares of Trane Technologies plc during the second quarter, valued at approximately $345,000.
• CEO David S. Regnery sold 22,497 shares of the company for about $9.2 million, representing a 15.39% decrease in his ownership stake.
• Multiple hedge funds, including Vanguard Group and JPMorgan Chase, increased their stakes in Trane Technologies, indicating significant institutional interest with 82.97% of the stock owned by institutional investors.

OMNI 360 Wealth Inc. acquired a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 788 shares of the company's stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Trane Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 19,456,776 shares of the company's stock valued at $6,555,377,000 after purchasing an additional 221,206 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Trane Technologies by 9.8% during the first quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company's stock worth $5,297,235,000 after acquiring an additional 1,408,421 shares during the period. Ameriprise Financial Inc. grew its holdings in Trane Technologies by 7.2% during the first quarter. Ameriprise Financial Inc. now owns 3,585,300 shares of the company's stock worth $1,208,044,000 after acquiring an additional 241,910 shares during the period. Nuveen LLC acquired a new position in Trane Technologies during the first quarter worth about $877,468,000. Finally, Northern Trust Corp grew its holdings in Trane Technologies by 0.7% during the first quarter. Northern Trust Corp now owns 2,584,819 shares of the company's stock worth $870,877,000 after acquiring an additional 17,292 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Insider Transactions at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the firm's stock in a transaction 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 approximately $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup lifted their target price on Trane Technologies from $445.00 to $502.00 and gave the stock a "buy" rating in a report on Monday, July 14th. HSBC cut Trane Technologies from a "buy" rating to a "hold" rating and lifted their price target for the stock from $415.00 to $460.00 in a research note on Thursday, July 31st. The Goldman Sachs Group lifted their price target on Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Northcoast Research cut Trane Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company lifted their target price on Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $458.60.

Trane Technologies Price Performance

NYSE:TT opened at $400.97 on Friday. The company has a fifty day moving average price of $431.51 and a 200 day moving average price of $399.80. The stock has a market cap of $89.22 billion, a P/E ratio of 31.80, a PEG ratio of 2.59 and a beta of 1.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18.

Trane Technologies (NYSE:TT - Get Free Report) last announced 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. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

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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