Valley National Advisers Inc. Has $2.84 Million Holdings in Trane Technologies plc $TT

Valley National Advisers Inc. grew its position in shares of Trane Technologies plc (NYSE:TT) by 242.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,738 shares of the company’s stock after buying an additional 4,773 shares during the quarter. Valley National Advisers Inc.’s holdings in Trane Technologies were worth $2,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Ethic Inc. raised its stake in shares of Trane Technologies by 6.6% in the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock valued at $11,601,000 after purchasing an additional 1,672 shares in the last quarter. Triton Financial Group Inc bought a new stake in Trane Technologies in the 2nd quarter valued at $1,273,000. OMNI 360 Wealth Inc. acquired a new position in shares of Trane Technologies in the 2nd quarter valued at $345,000. Illinois Municipal Retirement Fund lifted its holdings in shares of Trane Technologies by 2.7% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 28,083 shares of the company’s stock worth $12,284,000 after acquiring an additional 726 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Trane Technologies by 350.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock valued at $7,140,000 after acquiring an additional 16,485 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. KeyCorp raised shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research report on Monday, December 15th. JPMorgan Chase & Co. increased their target price on Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Wells Fargo & Company decreased their price target on Trane Technologies from $415.00 to $375.00 and set an “underweight” rating on the stock in a research note on Friday, December 19th. Barclays increased their price objective on Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Citigroup boosted their target price on shares of Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Trane Technologies has a consensus rating of “Hold” and a consensus target price of $469.40.

Insiders Place Their Bets

In other news, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 7,148 shares in the company, valued at approximately $3,145,120. This represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Trane Technologies Trading Down 0.1%

TT stock opened at $392.74 on Friday. The business has a fifty day moving average price of $412.67 and a 200 day moving average price of $421.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The stock has a market capitalization of $87.09 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 2.26 and a beta of 1.19.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.80 billion. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

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

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.