Blue Barn Wealth LLC Takes Position in Trane Technologies plc $TT

Blue Barn Wealth LLC acquired a new stake in Trane Technologies plc (NYSE:TT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 491 shares of the company’s stock, valued at approximately $215,000.

Other large investors have also made changes to their positions in the company. Ameriflex Group Inc. purchased a new position in shares of Trane Technologies in the second quarter valued at about $28,000. Hantz Financial Services Inc. lifted 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 acquiring an additional 61 shares in the last quarter. Saudi Central Bank purchased a new position in shares of Trane Technologies in the first quarter valued at about $30,000. Bogart Wealth LLC lifted its position in shares of Trane Technologies by 97.9% in the first quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock valued at $31,000 after acquiring an additional 46 shares in the last quarter. Finally, Dagco Inc. purchased a new position in shares of Trane Technologies in the first quarter valued at about $37,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Trading Down 3.1%

Shares of NYSE TT opened at $432.62 on Wednesday. The business’s 50 day moving average is $417.99 and its two-hundred day moving average is $421.05. 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 1-year low of $298.15 and a 1-year high of $476.18. The stock has a market capitalization of $96.27 billion, a P/E ratio of 34.31, a PEG ratio of 2.66 and a beta of 1.12.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share 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 analysts’ expectations of $5.80 billion. During the same period in the previous year, the firm posted $3.37 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, research analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid 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 dividend yield of 0.9%. Trane Technologies’s dividend payout ratio is currently 28.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group boosted their target price on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Citigroup boosted their target price on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted their target price on Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company boosted their target price on Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research report on Monday, October 6th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and an average target price of $466.50.

Insider Buying and Selling

In other news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the transaction, the chief executive officer 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 filing with the SEC, which can be accessed through this link. Also, 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 value 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 position. The SEC filing for this sale provides additional information. Corporate insiders own 0.14% of the company’s stock.

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.