Corient Private Wealth LLC Increases Holdings in Trane Technologies plc $TT

Corient Private Wealth LLC grew its holdings in Trane Technologies plc (NYSE:TT) by 18.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 370,755 shares of the company’s stock after acquiring an additional 58,256 shares during the quarter. Corient Private Wealth LLC owned about 0.17% of Trane Technologies worth $162,171,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Icon Advisers Inc. Co. acquired a new stake in Trane Technologies during the second quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new position in shares of Trane Technologies in the 2nd quarter valued at $28,000. Hantz Financial Services Inc. grew its position in shares of Trane Technologies by 1,016.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after buying an additional 61 shares during the last quarter. Saudi Central Bank purchased a new stake in Trane Technologies in the first quarter valued at $30,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in Trane Technologies by 23.4% in the first quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock valued at $46,000 after acquiring an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity

In related news, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total value of $264,000.00. Following the sale, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at $3,145,120. This represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.14% of the stock is currently owned by insiders.

Trane Technologies Trading Down 3.1%

Trane Technologies stock opened at $391.07 on Monday. The stock has a 50-day moving average price of $418.54 and a 200 day moving average price of $424.19. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The stock has a market cap of $86.72 billion, a PE ratio of 30.08, a P/E/G 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.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.08. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the firm posted $3.37 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Equities research analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. Citigroup raised their price target on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Bank of America raised Trane Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $490.00 to $550.00 in a research report on Thursday, November 13th. Barclays increased their price objective on Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, Wells Fargo & Company lifted their target price on shares of Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a report on Monday, October 6th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Trane Technologies has an average rating of “Hold” and a consensus target price of $470.07.

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.