Empirical Financial Services LLC d.b.a. Empirical Wealth Management Boosts Stake in Trane Technologies plc $TT

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Trane Technologies plc (NYSE:TT) by 9.1% in the second quarter, HoldingsChannel.com reports. The fund owned 1,594 shares of the company’s stock after purchasing an additional 133 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Trane Technologies were worth $697,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp lifted its holdings in Trane Technologies by 208.3% in the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock worth $25,000 after buying an additional 50 shares during the period. Saudi Central Bank purchased a new stake in Trane Technologies in the first quarter worth $30,000. Opal Wealth Advisors LLC purchased a new position in Trane Technologies during the 1st quarter valued at $31,000. Bogart Wealth LLC raised its holdings in Trane Technologies by 97.9% in the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after purchasing an additional 46 shares in the last quarter. Finally, Tradewinds Capital Management LLC lifted its position in shares of Trane Technologies by 46.2% in the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock worth $32,000 after purchasing an additional 30 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TT. Northcoast Research cut shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, August 1st. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Robert W. Baird increased their price target on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Wells Fargo & Company lifted their target price on shares of Trane Technologies from $370.00 to $410.00 and gave the company an “underweight” rating in a report on Tuesday, July 1st. Finally, Citigroup reduced their price target on Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and a consensus price target of $457.40.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the sale, the chief executive officer owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Price Performance

Shares of TT opened at $424.29 on Monday. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. The firm has a fifty day simple moving average of $421.53 and a two-hundred day simple moving average of $407.10. 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 firm has a market cap of $94.41 billion, a PE ratio of 33.65, a P/E/G ratio of 2.63 and a beta of 1.12.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.09. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, equities analysts anticipate that Trane Technologies plc will post 12.83 EPS 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.