Forum Private Client Group LLC Takes $234,000 Position in Trane Technologies plc $TT

Forum Private Client Group LLC bought a new stake in shares of Trane Technologies plc (NYSE:TT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 534 shares of the company’s stock, valued at approximately $234,000.

Several other large investors also recently made changes to their positions in the stock. Ameriflex Group Inc. bought a new stake in Trane Technologies during the second quarter worth approximately $28,000. Hantz Financial Services Inc. boosted its holdings in shares of Trane Technologies by 1,016.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after buying an additional 61 shares during the period. Saudi Central Bank acquired a new position in Trane Technologies in the 1st quarter valued at $30,000. Dagco Inc. bought a new position in Trane Technologies in the 1st quarter worth $37,000. Finally, NewSquare Capital LLC lifted its position in Trane Technologies by 94.1% during the 2nd quarter. NewSquare Capital LLC now owns 132 shares of the company’s stock worth $58,000 after acquiring an additional 64 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Up 2.6%

TT 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 stock has a market capitalization of $91.05 billion, a PE ratio of 32.56, a PEG ratio of 2.66 and a beta of 1.16. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $419.41 and a two-hundred day moving average price of $425.66.

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

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies’s dividend payout ratio (DPR) is presently 28.92%.

Insider Activity

In related 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 $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total transaction of $264,000.00. Following the sale, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at $3,145,120. This represents a 7.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Royal Bank Of Canada lifted their price objective on Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. UBS Group increased their price objective on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Barclays boosted 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. Bank of America upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $490.00 to $550.00 in a research report on Thursday, November 13th. Finally, Northcoast Research downgraded Trane Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, August 1st. 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 data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $470.07.

About Trane Technologies

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.