Trane Technologies plc $TT Shares Acquired by AGF Management Ltd.

AGF Management Ltd. raised its stake in Trane Technologies plc (NYSE:TT) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 38,687 shares of the company’s stock after purchasing an additional 552 shares during the period. AGF Management Ltd.’s holdings in Trane Technologies were worth $16,922,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Ethic Inc. boosted its stake in Trane Technologies by 6.6% in the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock valued at $11,601,000 after acquiring an additional 1,672 shares during the period. OMNI 360 Wealth Inc. acquired a new stake in shares of Trane Technologies during the 2nd quarter worth approximately $345,000. Triton Financial Group Inc bought a new stake in shares of Trane Technologies in the 2nd quarter worth approximately $1,273,000. Jones Financial Companies Lllp lifted its holdings in shares of Trane Technologies by 350.3% in the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock worth $7,140,000 after purchasing an additional 16,485 shares during the last quarter. Finally, BROOKFIELD Corp ON boosted its position in Trane Technologies by 11.0% during the 1st quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company’s stock valued at $2,772,000 after purchasing an additional 812 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $440.00, for a total value of $264,000.00. Following the completion of the sale, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. This represents a 7.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David S. Regnery sold 22,497 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in 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. Wells Fargo & Company increased their price objective on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a report on Monday, October 6th. JPMorgan Chase & Co. lifted their price objective on shares of Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada boosted their target price on shares of Trane Technologies from $467.00 to $469.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. Finally, UBS Group raised their price target on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Trane Technologies presently has an average rating of “Hold” and a consensus target price of $466.50.

Trane Technologies Trading Down 0.4%

Trane Technologies stock opened at $434.01 on Friday. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The stock has a market capitalization of $96.24 billion, a PE ratio of 34.42, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16. The firm has a 50 day simple moving average of $418.82 and a 200-day simple moving average of $422.66.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.80 by $0.08. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 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 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, equities research analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be issued a $0.94 dividend. The ex-dividend date is Friday, December 5th. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio is 28.92%.

Trane Technologies Company 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.