Freestone Capital Holdings LLC Acquires New Shares in Trane Technologies plc $TT

Freestone Capital Holdings LLC acquired a new stake in Trane Technologies plc (NYSE:TT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 471 shares of the company’s stock, valued at approximately $206,000.

Other large investors have also made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in Trane Technologies in the 2nd quarter worth $28,000. Hantz Financial Services Inc. boosted its stake in Trane Technologies by 1,016.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after purchasing an additional 61 shares during the period. Saudi Central Bank acquired a new position in Trane Technologies in the 1st quarter worth $30,000. Bogart Wealth LLC boosted its stake in Trane Technologies by 97.9% in the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after purchasing an additional 46 shares during the period. Finally, Dagco Inc. acquired a new position in Trane Technologies in the 1st quarter worth $37,000. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Up 0.8%

Shares of NYSE:TT opened at $436.34 on Thursday. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The company has a market capitalization of $97.09 billion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 2.66 and a beta of 1.12. The company has a 50-day simple moving average of $418.22 and a 200 day simple moving average of $421.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.08. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period last year, the business posted $3.37 EPS. Trane Technologies’s revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Sell-side analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies’s dividend payout ratio (DPR) is 28.92%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TT. Barclays upped their target price on shares of Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Citigroup increased their price objective 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. Wells Fargo & Company increased their price objective on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. increased their price objective on shares of Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Finally, Northcoast Research downgraded shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Six investment 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $466.50.

Insider Activity

In related news, CAO Elizabeth A. Elwell sold 600 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $440.00, for a total value of $264,000.00. Following the completion of the sale, the chief accounting officer directly owned 7,148 shares in the company, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David S. Regnery sold 22,497 shares of the firm’s stock in a transaction dated 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 owned 123,713 shares of the company’s stock, valued at $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

About Trane Technologies

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.