NatWest Group plc Invests $6.27 Million in Trane Technologies plc $TT

NatWest Group plc acquired a new stake in Trane Technologies plc (NYSE:TT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,852 shares of the company’s stock, valued at approximately $6,267,000. Trane Technologies comprises 1.5% of NatWest Group plc’s holdings, making the stock its 27th largest position.

A number of other hedge funds have also recently bought and sold shares of the company. Icon Advisers Inc. Co. acquired a new position in Trane Technologies in the 2nd quarter valued at $26,000. Ameriflex Group Inc. acquired a new stake in shares of Trane Technologies during the second quarter worth $28,000. Hantz Financial Services Inc. grew its position in shares of Trane Technologies by 1,016.7% in the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after purchasing an additional 61 shares during the period. Saudi Central Bank acquired a new position in Trane Technologies in the first quarter valued at $30,000. Finally, NewSquare Capital LLC increased its stake in Trane Technologies by 94.1% in the second quarter. NewSquare Capital LLC now owns 132 shares of the company’s stock valued at $58,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

TT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. KeyCorp raised shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research report on Monday. Bank of America upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $490.00 to $550.00 in a report on Thursday, November 13th. Royal Bank Of Canada upped their price target on shares of Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Finally, Citigroup increased 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. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Trane Technologies presently has a consensus rating of “Hold” and a consensus target price of $472.07.

Trane Technologies Stock Down 3.5%

Shares of NYSE:TT opened at $382.02 on Thursday. The stock has a 50-day simple moving average of $416.51 and a 200-day simple moving average of $423.40. The stock has a market capitalization of $84.71 billion, a P/E ratio of 29.39, a PEG ratio of 2.28 and a beta of 1.19. 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 0.47, a quick ratio of 0.84 and a current ratio of 1.20.

Trane Technologies (NYSE:TT) last announced 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 13.93% and a return on equity of 37.04%. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the company posted $3.37 earnings per share. Trane Technologies’s 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. Equities analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, December 5th. Trane Technologies’s dividend payout ratio is currently 28.92%.

Insider Buying and Selling

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $440.00, for a total transaction of $264,000.00. Following the transaction, the chief accounting officer 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by company 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.