Stokes Capital Advisors LLC Makes New $2.22 Million Investment in Trane Technologies plc $TT

Key Points

• Stokes Capital Advisors LLC has acquired a new position in Trane Technologies plc, purchasing 5,080 shares valued at approximately $2.22 million in the second quarter.
• Multiple institutional investors, including Nuveen LLC and GAMMA Investing LLC, have significantly increased their stakes in Trane Technologies, indicating strong institutional confidence in the company.
• Trane Technologies' stock is currently rated as a "Hold" with a consensus target price of $457.93, following various analysts adjusting their price targets recently.

Stokes Capital Advisors LLC purchased a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,080 shares of the company's stock, valued at approximately $2,222,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. WFA Asset Management Corp increased its position in shares of Trane Technologies by 208.3% during the first quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. Saudi Central Bank bought a new stake in shares of Trane Technologies in the first quarter valued at $30,000. Opal Wealth Advisors LLC bought a new stake in shares of Trane Technologies in the first quarter valued at $31,000. Bogart Wealth LLC raised its stake in shares of Trane Technologies by 97.9% in the first quarter. Bogart Wealth LLC now owns 93 shares of the company's stock valued at $31,000 after buying an additional 46 shares during the period. Finally, Tradewinds Capital Management LLC raised its stake in shares of Trane Technologies by 46.2% in the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock valued at $32,000 after buying an additional 30 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TT has been the topic of several research reports. Wells Fargo & Company boosted 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. Hsbc Global Res lowered Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Barclays lowered their target price on Trane Technologies from $495.00 to $485.00 and set an "overweight" rating on the stock in a research note on Tuesday. Robert W. Baird boosted their target price on Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, The Goldman Sachs Group boosted their target price on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Five 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $457.40.

Insider Transactions at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction 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 owned 123,713 shares of the company's stock, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.14% of the company's stock.

Trane Technologies Stock Performance

Shares of NYSE TT traded up $3.83 during mid-day trading on Thursday, hitting $402.79. The company had a trading volume of 1,387,197 shares, compared to its average volume of 1,289,719. The company has a market capitalization of $89.62 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 2.49 and a beta of 1.10. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The stock's 50-day moving average price is $429.03 and its 200-day moving average price is $400.91.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.09. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, sell-side analysts forecast 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.