Old Port Advisors Acquires 27 Shares of Trane Technologies plc $TT

Old Port Advisors raised its holdings in shares of Trane Technologies plc (NYSE:TT) by 3.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 754 shares of the company’s stock after purchasing an additional 27 shares during the period. Old Port Advisors’ holdings in Trane Technologies were worth $330,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TT. WFA Asset Management Corp increased its position in Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock valued at $25,000 after buying an additional 50 shares in the last quarter. Saudi Central Bank bought a new position in shares of Trane Technologies during the first quarter valued at $30,000. Opal Wealth Advisors LLC purchased a new position in shares of Trane Technologies in the 1st quarter worth about $31,000. Bogart Wealth LLC boosted its stake in Trane Technologies by 97.9% in the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after purchasing an additional 46 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its position in Trane Technologies by 46.2% during the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock valued at $32,000 after purchasing an additional 30 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Wells Fargo & Company boosted their price objective on shares of Trane Technologies from $370.00 to $410.00 and gave the stock an “underweight” rating in a report on Tuesday, July 1st. Morgan Stanley increased their target price on Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. UBS Group boosted their price target on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, HSBC cut Trane Technologies from a “buy” rating to a “hold” rating and increased their price objective for the company from $415.00 to $460.00 in a research report 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $457.40.

Trane Technologies Stock Performance

TT stock opened at $415.91 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The company has a market cap of $92.55 billion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. The stock’s fifty day moving average price is $425.02 and its 200-day moving average price is $404.08.

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

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.