4,771 Shares in Trane Technologies plc $TT Acquired by Caldwell Trust Co

Caldwell Trust Co bought a new position in Trane Technologies plc (NYSE:TT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,771 shares of the company’s stock, valued at approximately $2,087,000.

Other large investors have also recently made changes to their positions in the company. Ethic Inc. raised its stake in Trane Technologies by 6.6% during the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock valued at $11,601,000 after buying an additional 1,672 shares during the last quarter. Triton Financial Group Inc bought a new position in shares of Trane Technologies during the second quarter valued at $1,273,000. OMNI 360 Wealth Inc. purchased a new position in shares of Trane Technologies in the 2nd quarter worth about $345,000. Illinois Municipal Retirement Fund boosted its stake in Trane Technologies by 2.7% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 28,083 shares of the company’s stock worth $12,284,000 after purchasing an additional 726 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Trane Technologies by 350.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock valued at $7,140,000 after purchasing an additional 16,485 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the transaction, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

Trane Technologies Trading Down 3.1%

Shares of NYSE:TT opened at $391.07 on Monday. The stock’s 50-day simple moving average is $418.54 and its two-hundred day simple moving average is $424.19. The stock has a market capitalization of $86.72 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 2.25 and a beta of 1.19. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.20.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.80 by $0.08. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.80 billion. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.0%. Trane Technologies’s payout ratio is presently 28.92%.

Analyst Upgrades and Downgrades

TT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, October 8th. Bank of America raised Trane Technologies from a “neutral” rating to a “buy” rating and upped their price target for the company from $490.00 to $550.00 in a report on Thursday, November 13th. Citigroup lifted their price objective on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Barclays boosted their target price on Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $470.07.

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.