Wedmont Private Capital Has $1.34 Million Stock Position in Trane Technologies plc $TT

Wedmont Private Capital grew its position in shares of Trane Technologies plc (NYSE:TT) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,090 shares of the company’s stock after acquiring an additional 121 shares during the quarter. Wedmont Private Capital’s holdings in Trane Technologies were worth $1,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Swedbank AB raised its stake in shares of Trane Technologies by 15.3% during the 2nd quarter. Swedbank AB now owns 998,681 shares of the company’s stock worth $436,839,000 after purchasing an additional 132,433 shares in the last quarter. Baader Bank Aktiengesellschaft raised its stake in shares of Trane Technologies by 120.1% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 7,498 shares of the company’s stock worth $3,280,000 after purchasing an additional 4,092 shares in the last quarter. Sovran Advisors LLC bought a new stake in shares of Trane Technologies during the 2nd quarter worth approximately $221,000. Jackson Square Capital LLC raised its stake in shares of Trane Technologies by 16.1% during the 2nd quarter. Jackson Square Capital LLC now owns 2,727 shares of the company’s stock worth $1,193,000 after purchasing an additional 378 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its stake in shares of Trane Technologies by 22.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock worth $728,000 after purchasing an additional 305 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Barclays dropped their price target on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating on the stock in a research note on Tuesday. Wells Fargo & Company increased their price target on Trane Technologies from $370.00 to $410.00 and gave the company an “underweight” rating in a research note on Tuesday, July 1st. UBS Group increased their price target on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Citigroup dropped their price target on Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Trane Technologies presently has a consensus rating of “Hold” and a consensus target price of $457.40.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Trane Technologies Stock Performance

Shares of NYSE TT opened at $402.79 on Friday. 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 stock’s fifty day moving average price is $429.03 and its two-hundred day moving average price is $400.91. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. The firm has a market cap of $89.63 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 2.49 and a beta of 1.10.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the firm posted $3.30 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

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.