Mufg Securities Americas Inc. Has $2.16 Million Holdings in Trane Technologies plc $TT

Mufg Securities Americas Inc. boosted its stake in Trane Technologies plc (NYSE:TT) by 24.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,942 shares of the company’s stock after purchasing an additional 972 shares during the period. Mufg Securities Americas Inc.’s holdings in Trane Technologies were worth $2,162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TT. Sfmg LLC raised its position in shares of Trane Technologies by 3.0% during the second quarter. Sfmg LLC now owns 2,411 shares of the company’s stock worth $1,055,000 after acquiring an additional 71 shares during the last quarter. AXQ Capital LP acquired a new stake in Trane Technologies during the 2nd quarter valued at approximately $501,000. Journey Strategic Wealth LLC increased its position in Trane Technologies by 45.2% during the 2nd quarter. Journey Strategic Wealth LLC now owns 1,108 shares of the company’s stock valued at $485,000 after purchasing an additional 345 shares during the period. Archer Investment Corp raised its holdings in Trane Technologies by 1,608.1% during the 2nd quarter. Archer Investment Corp now owns 632 shares of the company’s stock worth $277,000 after purchasing an additional 595 shares during the last quarter. Finally, Mediolanum International Funds Ltd lifted its position in shares of Trane Technologies by 11.5% in the 2nd quarter. Mediolanum International Funds Ltd now owns 35,050 shares of the company’s stock worth $15,152,000 after purchasing an additional 3,623 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Trane Technologies

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

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $410.64 on Friday. The business has a 50-day simple moving average of $419.41 and a 200 day simple moving average of $425.53. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. 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 firm has a market capitalization of $91.05 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 2.66 and a beta of 1.16.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.08. The business 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 36.61% and a net margin of 13.76%.The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TT shares. Royal Bank Of Canada increased their price objective on shares of Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. Morgan Stanley increased their price target on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Barclays lifted their price objective on Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. lifted 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. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $470.07.

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.