Westwood Holdings Group Inc. Purchases Shares of 529 Trane Technologies plc $TT

Westwood Holdings Group Inc. acquired a new position in shares of Trane Technologies plc (NYSE:TT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 529 shares of the company’s stock, valued at approximately $231,000.

Other hedge funds have also modified their holdings of the company. Ameriflex Group Inc. acquired a new position in Trane Technologies during the 2nd quarter worth $28,000. Hantz Financial Services Inc. raised its position in Trane Technologies by 1,016.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after purchasing an additional 61 shares in the last quarter. Saudi Central Bank purchased a new position in shares of Trane Technologies in the 1st quarter valued at about $30,000. Dagco Inc. acquired a new position in shares of Trane Technologies during the first quarter worth about $37,000. Finally, NewSquare Capital LLC increased its stake in shares of Trane Technologies by 94.1% during the second quarter. NewSquare Capital LLC now owns 132 shares of the company’s stock worth $58,000 after buying an additional 64 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction that occurred 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 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 can be accessed through this hyperlink. Also, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total transaction of $264,000.00. Following the completion of the transaction, the chief accounting officer directly owned 7,148 shares in the company, valued at $3,145,120. The trade was a 7.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by insiders.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $413.83 on Tuesday. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The firm has a market capitalization of $91.76 billion, a P/E ratio of 32.82, a P/E/G ratio of 2.66 and a beta of 1.16. 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 company’s fifty day moving average price is $419.77 and its 200 day moving average price is $425.74.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data 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. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter last year, the company posted $3.37 earnings per share. The business’s quarterly revenue 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, sell-side analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on TT shares. Citigroup lifted their price target on shares of Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wells Fargo & Company raised their price objective on shares of Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a report on Monday, October 6th. Royal Bank Of Canada boosted their target price on shares of 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 target price on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Northcoast Research downgraded Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Seven equities research 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $472.07.

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.