Whitaker Myers Wealth Managers LTD. Takes Position in Trane Technologies plc $TT

Whitaker Myers Wealth Managers LTD. acquired a new stake in shares of Trane Technologies plc (NYSE:TT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,942 shares of the company’s stock, valued at approximately $819,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Trane Technologies by 1.7% during the second quarter. Vanguard Group Inc. now owns 19,792,410 shares of the company’s stock valued at $8,657,398,000 after acquiring an additional 335,634 shares during the last quarter. State Street Corp raised its position in Trane Technologies by 0.3% in the 2nd quarter. State Street Corp now owns 10,077,267 shares of the company’s stock worth $4,407,904,000 after purchasing an additional 31,826 shares during the period. Geode Capital Management LLC raised its position in Trane Technologies by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,973,217 shares of the company’s stock worth $2,164,764,000 after purchasing an additional 56,293 shares during the period. Norges Bank bought a new stake in Trane Technologies in the second quarter worth $1,356,065,000. Finally, Nordea Investment Management AB boosted its position in Trane Technologies by 89.1% during the second quarter. Nordea Investment Management AB now owns 2,455,734 shares of the company’s stock valued at $1,066,845,000 after buying an additional 1,157,405 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity

In related news, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Price Performance

Shares of TT stock opened at $392.98 on Friday. 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 plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The firm has a market cap of $87.14 billion, a P/E ratio of 30.23, a P/E/G ratio of 2.27 and a beta of 1.19. The business’s 50 day moving average price is $413.14 and its 200-day moving average price is $421.77.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.80 by $0.08. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, equities research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

TT has been the topic of several analyst reports. 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 report on Friday, October 31st. Barclays lifted their price target on Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $490.00 to $550.00 in a research report on Thursday, November 13th. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. Finally, Citigroup lifted their target price 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 equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Trane Technologies has an average rating of “Hold” and an average target price of $469.40.

Trane Technologies Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.