Heritage Financial Services LLC Increases Holdings in Trane Technologies plc $TT

Heritage Financial Services LLC grew its holdings in Trane Technologies plc (NYSE:TT) by 4.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 710 shares of the company’s stock after acquiring an additional 32 shares during the quarter. Heritage Financial Services LLC’s holdings in Trane Technologies were worth $311,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its stake in Trane Technologies by 25.4% in the second quarter. Trust Co. of Vermont now owns 173 shares of the company’s stock valued at $76,000 after purchasing an additional 35 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its position in shares of Trane Technologies by 193.1% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 381 shares of the company’s stock valued at $167,000 after buying an additional 251 shares during the last quarter. Impact Capital Partners LLC raised its stake in Trane Technologies by 2.8% during the 2nd quarter. Impact Capital Partners LLC now owns 2,918 shares of the company’s stock worth $1,276,000 after acquiring an additional 80 shares in the last quarter. Childress Capital Advisors LLC lifted its position in Trane Technologies by 4.9% in the second quarter. Childress Capital Advisors LLC now owns 1,147 shares of the company’s stock valued at $502,000 after acquiring an additional 54 shares during the last quarter. Finally, Consolidated Portfolio Review Corp boosted its stake in Trane Technologies by 78.4% in the second quarter. Consolidated Portfolio Review Corp now owns 1,115 shares of the company’s stock valued at $488,000 after acquiring an additional 490 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

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

Trane Technologies Trading Up 0.9%

Shares of Trane Technologies stock opened at $425.69 on Thursday. The firm has a market cap of $94.72 billion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The company’s 50-day simple moving average is $423.26 and its 200-day simple moving average is $405.26. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50.

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

Analysts Set New Price Targets

A number of research firms have recently commented on TT. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Robert W. Baird boosted their price objective on Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Citigroup lowered their target price on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. UBS Group upped their price target on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, Northcoast Research downgraded shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $457.40.

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.