King Wealth Management Group Purchases 602 Shares of Trane Technologies plc $TT

King Wealth Management Group boosted its position in Trane Technologies plc (NYSE:TT) by 4.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,249 shares of the company’s stock after purchasing an additional 602 shares during the period. Trane Technologies comprises 0.8% of King Wealth Management Group’s investment portfolio, making the stock its 28th biggest position. King Wealth Management Group’s holdings in Trane Technologies were worth $5,795,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TT. Brighton Jones LLC boosted its position in Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after purchasing an additional 2,323 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Trane Technologies by 11.2% during the 1st quarter. Stephens Inc. AR now owns 2,047 shares of the company’s stock worth $690,000 after purchasing an additional 206 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Trane Technologies by 37.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,157 shares of the company’s stock worth $1,064,000 after buying an additional 857 shares during the last quarter. Larson Financial Group LLC grew its position in Trane Technologies by 3.2% during the first quarter. Larson Financial Group LLC now owns 1,338 shares of the company’s stock valued at $451,000 after buying an additional 41 shares during the period. Finally, Bridgewater Advisors Inc. purchased a new stake in Trane Technologies during the first quarter worth about $212,000. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Bank of America raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $490.00 to $550.00 in a research report on Thursday. Barclays upped their price objective on Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Wells Fargo & Company raised their target price on Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research report on Monday, October 6th. UBS Group upped their price target on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $472.07.

Trane Technologies Trading Down 1.7%

Shares of TT opened at $414.40 on Friday. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The stock has a market cap of $91.89 billion, a PE ratio of 32.86, a P/E/G ratio of 2.66 and a beta of 1.16. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $419.70 and its 200-day moving average price is $424.33.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.08. The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently declared 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. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies’s dividend payout ratio (DPR) is 28.92%.

Insider Activity

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 7,148 shares of the company’s stock, valued at $3,145,120. The trade was a 7.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David S. Regnery sold 22,497 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the sale, the chief executive officer owned 123,713 shares in the company, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their position. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by insiders.

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.