Van Cleef Asset Management Inc Takes $238,000 Position in Trane Technologies plc $TT

Van Cleef Asset Management Inc purchased a new position in shares of Trane Technologies plc (NYSE:TT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 545 shares of the company’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new stake in shares of Trane Technologies during the second quarter worth $28,000. Hantz Financial Services Inc. increased its position in Trane Technologies by 1,016.7% during the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after acquiring an additional 61 shares during the period. Saudi Central Bank acquired a new stake in Trane Technologies in the 1st quarter worth about $30,000. Bogart Wealth LLC boosted its holdings in Trane Technologies by 97.9% in the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock valued at $31,000 after purchasing an additional 46 shares during the period. Finally, Dagco Inc. acquired a new position in shares of Trane Technologies during the 1st quarter worth approximately $37,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Wells Fargo & Company upped their target price on Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a research report on Monday, October 6th. Northcoast Research lowered Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, October 8th. Finally, 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. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Trane Technologies has an average rating of “Hold” and an average price target of $466.50.

Trane Technologies Price Performance

TT stock opened at $434.01 on Friday. The stock has a market cap of $96.24 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 2.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The company has a 50 day simple moving average of $418.82 and a 200 day simple moving average of $422.03. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18.

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

Trane Technologies Dividend Announcement

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

Insider Transactions at Trane Technologies

In other news, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $440.00, for a total transaction of $264,000.00. Following the sale, the chief accounting officer directly owned 7,148 shares in the company, valued at approximately $3,145,120. The trade was a 7.74% decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the transaction, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at $50,722,330. This represents a 15.39% decrease in their position. The SEC filing for this sale provides additional information. Company 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.