Retireful LLC purchased a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 690 shares of the company's stock, valued at approximately $302,000.
Several other institutional investors have also recently bought and sold shares of the stock. TD Private Client Wealth LLC lifted its holdings in Trane Technologies by 7.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 8,437 shares of the company's stock worth $3,690,000 after buying an additional 550 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Trane Technologies by 46.9% during the second quarter. Ballentine Partners LLC now owns 4,458 shares of the company's stock worth $1,950,000 after acquiring an additional 1,424 shares during the last quarter. Norden Group LLC lifted its stake in shares of Trane Technologies by 40.1% during the second quarter. Norden Group LLC now owns 1,034 shares of the company's stock valued at $452,000 after acquiring an additional 296 shares during the period. Fifth Third Bancorp boosted its holdings in Trane Technologies by 1.7% in the second quarter. Fifth Third Bancorp now owns 10,125 shares of the company's stock valued at $4,429,000 after acquiring an additional 173 shares during the last quarter. Finally, Oregon Pacific Wealth Management LLC acquired a new stake in Trane Technologies in the second quarter worth about $210,000. Institutional investors own 82.97% of the company's stock.
Trane Technologies Price Performance
Shares of TT stock opened at $404.10 on Thursday. 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 12-month low of $298.15 and a 12-month high of $476.18. The firm has a fifty day moving average of $426.51 and a 200-day moving average of $402.60. The firm has a market capitalization of $89.92 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 2.52 and a beta of 1.10.
Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 36.61% and a net margin of 13.76%.The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter last year, the business posted $3.30 EPS. The firm's revenue 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. On average, equities research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.
Insider Activity
In related news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction that occurred on 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 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 can be accessed through this link. Corporate insiders own 0.14% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on TT shares. Royal Bank Of Canada upped their target price on shares of Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Wells Fargo & Company increased their price objective on shares of Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a report on Tuesday, July 1st. Northcoast Research lowered shares of Trane Technologies from a "buy" rating to a "neutral" rating in a report on Friday, August 1st. Citigroup dropped their target price on shares of Trane Technologies from $499.00 to $494.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. Finally, Hsbc Global Res lowered Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Five research 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $457.40.
Check Out Our Latest Report on TT
Trane Technologies Profile
(
Free Report)
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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