Trane Technologies plc $TT Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its position in shares of Trane Technologies plc (NYSE:TT) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,437 shares of the company’s stock after buying an additional 550 shares during the period. TD Private Client Wealth LLC’s holdings in Trane Technologies were worth $3,690,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its holdings in Trane Technologies by 208.3% in the first quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Saudi Central Bank purchased a new position in shares of Trane Technologies during the 1st quarter valued at approximately $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of Trane Technologies during the first quarter worth approximately $31,000. Bogart Wealth LLC increased its stake in shares of Trane Technologies by 97.9% in the first quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after buying an additional 46 shares during the last quarter. Finally, Tradewinds Capital Management LLC raised its holdings in Trane Technologies by 46.2% in the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock valued at $32,000 after acquiring an additional 30 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction dated 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Stock Performance

Shares of TT stock opened at $404.10 on Thursday. The company has a market cap of $89.92 billion, a P/E ratio of 32.05, a PEG ratio of 2.52 and a beta of 1.10. The business has a 50 day moving average of $426.51 and a two-hundred day moving average of $402.60. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.09. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Hsbc Global Res lowered shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their price target on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Barclays lowered their price objective on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating for the company in a report on Tuesday, September 16th. Citigroup cut their price objective on Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Finally, Northcoast Research lowered Trane Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $457.40.

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.