Marks Group Wealth Management Inc Buys 88 Shares of Trane Technologies plc $TT

Marks Group Wealth Management Inc raised its holdings in shares of Trane Technologies plc (NYSE:TT) by 5.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,763 shares of the company’s stock after purchasing an additional 88 shares during the period. Marks Group Wealth Management Inc’s holdings in Trane Technologies were worth $771,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. CWA Asset Management Group LLC lifted its position in Trane Technologies by 19.2% during the first quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company’s stock valued at $382,000 after buying an additional 183 shares during the period. OMNI 360 Wealth Inc. purchased a new position in shares of Trane Technologies during the second quarter valued at approximately $345,000. Jones Financial Companies Lllp boosted its position in shares of Trane Technologies by 350.3% in the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock worth $7,140,000 after purchasing an additional 16,485 shares in the last quarter. BROOKFIELD Corp ON grew its stake in shares of Trane Technologies by 11.0% in the 1st quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company’s stock worth $2,772,000 after buying an additional 812 shares during the last quarter. Finally, Nippon Life Global Investors Americas Inc. grew its stake in shares of Trane Technologies by 17.5% in the first quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company’s stock worth $1,041,000 after acquiring an additional 460 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the completion of the sale, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Royal Bank Of Canada boosted their price target on Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Citigroup dropped their target price on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and boosted their price target for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group raised their target price on Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Six 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, Trane Technologies has a consensus rating of “Hold” and a consensus price target of $457.73.

Trane Technologies Trading Up 0.1%

TT stock opened at $424.50 on Tuesday. The firm’s 50-day moving average is $420.57 and its 200 day moving average is $407.64. 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 12 month low of $298.15 and a 12 month high of $476.18. The company has a market capitalization of $94.46 billion, a PE ratio of 33.66, a P/E/G ratio of 2.63 and a beta of 1.12.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The company had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the firm earned $3.30 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, research analysts anticipate that Trane Technologies plc will post 12.83 EPS 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.