Geneos Wealth Management Inc. Purchases 511 Shares of Trane Technologies plc $TT

Geneos Wealth Management Inc. increased its position in shares of Trane Technologies plc (NYSE:TT) by 19.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,179 shares of the company’s stock after purchasing an additional 511 shares during the period. Geneos Wealth Management Inc.’s holdings in Trane Technologies were worth $1,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Nuveen LLC bought a new stake in Trane Technologies in the first quarter valued at $877,468,000. GAMMA Investing LLC grew its position in Trane Technologies by 35,458.2% in the first quarter. GAMMA Investing LLC now owns 2,015,792 shares of the company’s stock valued at $679,161,000 after acquiring an additional 2,010,123 shares during the period. Wellington Management Group LLP grew its position in Trane Technologies by 245.1% in the first quarter. Wellington Management Group LLP now owns 2,144,405 shares of the company’s stock valued at $722,493,000 after acquiring an additional 1,522,933 shares during the period. JPMorgan Chase & Co. grew its position in Trane Technologies by 9.8% in the first quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company’s stock valued at $5,297,235,000 after acquiring an additional 1,408,421 shares during the period. Finally, AQR Capital Management LLC grew its position in Trane Technologies by 95.1% in the first quarter. AQR Capital Management LLC now owns 885,039 shares of the company’s stock valued at $291,727,000 after acquiring an additional 431,495 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Price Performance

Trane Technologies stock opened at $400.97 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The firm has a market cap of $89.22 billion, a P/E ratio of 31.80, a P/E/G ratio of 2.59 and a beta of 1.10. The business’s fifty day moving average is $431.51 and its two-hundred day moving average is $399.46. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.09. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was 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 $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

TT has been the topic of a number of analyst reports. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and upped their price target for the company from $415.00 to $460.00 in a research report on Thursday, July 31st. Royal Bank Of Canada upped their price target on Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Barclays boosted their price objective on Trane Technologies from $480.00 to $495.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley boosted their price objective on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Trane Technologies presently has an average rating of “Hold” and an average price target of $458.60.

About Trane Technologies

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.