D.B. Root & Company LLC Lowers Holdings in Trane Technologies plc $TT

D.B. Root & Company LLC decreased its holdings in Trane Technologies plc (NYSE:TT) by 26.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 919 shares of the company’s stock after selling 339 shares during the period. D.B. Root & Company LLC’s holdings in Trane Technologies were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after buying an additional 2,323 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Trane Technologies during the 1st quarter worth about $39,000. Procyon Advisors LLC boosted its stake in shares of Trane Technologies by 29.0% during the 1st quarter. Procyon Advisors LLC now owns 1,299 shares of the company’s stock worth $438,000 after acquiring an additional 292 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in shares of Trane Technologies by 30.0% during the 1st quarter. SeaCrest Wealth Management LLC now owns 1,708 shares of the company’s stock worth $575,000 after purchasing an additional 394 shares during the last quarter. Finally, Radnor Capital Management LLC raised its position in shares of Trane Technologies by 14.8% during the 1st quarter. Radnor Capital Management LLC now owns 1,131 shares of the company’s stock worth $381,000 after purchasing an additional 146 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the business’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 sale, the chief executive officer owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TT has been the subject of a number of recent research reports. Northcoast Research downgraded shares of Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a report on Saturday, September 27th. UBS Group increased their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Citigroup cut their price target on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Finally, Wells Fargo & Company raised their price target on shares of Trane Technologies from $370.00 to $410.00 and gave the stock an “underweight” rating in a report on Tuesday, July 1st. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Trane Technologies currently has an average rating of “Hold” and an average target price of $457.40.

Trane Technologies Price Performance

Shares of TT opened at $424.29 on Monday. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The firm’s fifty day simple moving average is $421.53 and its 200-day simple moving average is $407.10. The firm has a market capitalization of $94.41 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 2.63 and a beta of 1.12. The company has a current ratio of 1.10, a quick ratio of 0.76 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 EPS for the quarter, topping the consensus estimate of $3.79 by $0.09. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. Trane Technologies’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

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.