Personal CFO Solutions LLC Raises Position in Trane Technologies plc $TT

Personal CFO Solutions LLC increased its stake in Trane Technologies plc (NYSE:TT) by 38.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,863 shares of the company’s stock after buying an additional 518 shares during the quarter. Personal CFO Solutions LLC’s holdings in Trane Technologies were worth $815,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ethic Inc. increased its position in Trane Technologies by 6.6% in the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock worth $11,601,000 after buying an additional 1,672 shares during the period. Triton Financial Group Inc acquired a new position in shares of Trane Technologies during the second quarter valued at $1,273,000. OMNI 360 Wealth Inc. bought a new position in shares of Trane Technologies during the second quarter worth about $345,000. Jones Financial Companies Lllp increased its holdings in shares of Trane Technologies by 350.3% in the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock worth $7,140,000 after acquiring an additional 16,485 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its position in Trane Technologies by 2.7% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 28,083 shares of the company’s stock valued at $12,284,000 after purchasing an additional 726 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Stock Up 2.6%

Shares of TT stock opened at $410.64 on Friday. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. 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 business’s fifty day moving average is $419.41 and its 200-day moving average is $425.53. The stock has a market cap of $91.05 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16.

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

Trane Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s payout ratio is currently 28.92%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TT. Barclays upped their target price on shares of Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Hsbc Global Res lowered Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. UBS Group lifted their target price on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Northcoast Research cut Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Trane Technologies has an average rating of “Hold” and an average target price of $470.07.

Insider Buying and Selling

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the transaction, the chief accounting officer owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. This represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David S. Regnery sold 22,497 shares of the stock in a transaction on 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 sale, the chief executive officer owned 123,713 shares of the company’s stock, valued at $50,722,330. This trade represents a 15.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is owned by insiders.

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.