Representative Jefferson Shreve (R-Indiana) recently sold shares of Trane Technologies plc NYSE: TT. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Trane Technologies stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
- Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
- Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
- Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
- Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
- Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
- Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.
- Sold $100,001 - $250,000 in shares of Walmart NYSE: WMT on 5/12/2025.
Trane Technologies Stock Up 2.3%
NYSE TT traded up $10.70 during trading on Friday, reaching $472.43. 1,195,032 shares of the company's stock traded hands, compared to its average volume of 1,151,485. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.74. The firm has a market cap of $105.36 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 3.07 and a beta of 1.15. The company's 50 day simple moving average is $433.17 and its two-hundred day simple moving average is $386.23. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $473.13.
Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. Trane Technologies had a net margin of 13.47% and a return on equity of 36.10%. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the firm earned $1.94 EPS. The company's quarterly revenue was up 11.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.
Trane Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Friday, September 5th. Trane Technologies's dividend payout ratio (DPR) is 31.28%.
Institutional Trading of Trane Technologies
Large investors have recently made changes to their positions in the business. Ameriflex Group Inc. purchased a new stake in shares of Trane Technologies in the 2nd quarter valued at $28,000. Minot DeBlois Advisors LLC purchased a new stake in shares of Trane Technologies in the 4th quarter valued at $26,000. WFA Asset Management Corp boosted its holdings 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 acquiring an additional 50 shares during the last quarter. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Trane Technologies in the 4th quarter valued at $28,000. Finally, Saudi Central Bank purchased a new stake in shares of Trane Technologies in the 1st quarter valued at $30,000. 82.97% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Trane Technologies
In other Trane Technologies news, insider Donald E. Simmons sold 3,571 shares of Trane Technologies stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total value of $1,356,980.00. Following the completion of the transaction, the insider owned 3,593 shares of the company's stock, valued at approximately $1,365,340. The trade was a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is owned by company insiders.
Analysts Set New Price Targets
TT has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. upped their target price on Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Royal Bank Of Canada raised their price target on Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a report on Thursday, May 1st. The Goldman Sachs Group boosted 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. Finally, HSBC upgraded Trane Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $405.00 to $415.00 in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $441.40.
Read Our Latest Analysis on TT
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
About Trane Technologies
(
Get 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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