McIlrath & Eck LLC Acquires 150 Shares of Trane Technologies plc $TT

McIlrath & Eck LLC raised its stake in shares of Trane Technologies plc (NYSE:TT) by 120.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 275 shares of the company’s stock after acquiring an additional 150 shares during the quarter. McIlrath & Eck LLC’s holdings in Trane Technologies were worth $93,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its position in shares of Trane Technologies by 208.3% in the first quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock valued at $25,000 after acquiring an additional 50 shares during the period. Minot DeBlois Advisors LLC bought a new position in Trane Technologies during the fourth quarter worth $26,000. Vermillion & White Wealth Management Group LLC acquired a new position in Trane Technologies during the 4th quarter valued at $28,000. Saudi Central Bank bought a new stake in Trane Technologies in the 1st quarter valued at $30,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Trane Technologies in the 1st quarter worth $31,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TT has been the subject of several research reports. Citigroup increased their target price on shares of Trane Technologies from $445.00 to $502.00 and gave the company a “buy” rating in a research note on Monday, July 14th. JPMorgan Chase & Co. upped their price target on Trane Technologies from $334.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Northcoast Research lowered Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Morgan Stanley boosted their price objective on Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group raised their target price on Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $458.60.

Trane Technologies Stock Performance

Shares of NYSE:TT opened at $408.74 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The business’s fifty day moving average price is $433.07 and its two-hundred day moving average price is $398.50. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The stock has a market capitalization of $90.95 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 2.59 and a beta of 1.10.

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

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction on 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 directly owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate 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.