Winthrop Advisory Group LLC Cuts Stock Holdings in Trane Technologies plc $TT

Winthrop Advisory Group LLC trimmed its position in shares of Trane Technologies plc (NYSE:TT) by 3.0% in the 2nd quarter, Holdings Channel reports. The firm owned 2,029 shares of the company’s stock after selling 62 shares during the period. Winthrop Advisory Group LLC’s holdings in Trane Technologies were worth $888,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. CWA Asset Management Group LLC grew its stake in Trane Technologies by 19.2% during the 1st quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company’s stock valued at $382,000 after acquiring an additional 183 shares in the last quarter. OMNI 360 Wealth Inc. purchased a new stake in shares of Trane Technologies in the second quarter valued at approximately $345,000. Jones Financial Companies Lllp grew its holdings in shares of Trane Technologies by 350.3% in the first quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock valued at $7,140,000 after purchasing an additional 16,485 shares during the period. BROOKFIELD Corp ON grew its holdings in shares of Trane Technologies by 11.0% in the first quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company’s stock valued at $2,772,000 after purchasing an additional 812 shares during the period. Finally, Nippon Life Global Investors Americas Inc. grew its holdings in shares of Trane Technologies by 17.5% in the first quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company’s stock valued at $1,041,000 after purchasing an additional 460 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Down 0.4%

NYSE TT opened at $422.93 on Wednesday. The firm has a 50 day simple moving average of $419.60 and a 200-day simple moving average of $407.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. 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 $94.11 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 2.64 and a beta of 1.12.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TT shares. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research note on Saturday, September 27th. Wells Fargo & Company increased their price target on Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a report on Monday. UBS Group increased their price target on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Robert W. Baird increased their target price on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Finally, Northcoast Research lowered shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $457.73.

Insider Transactions at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of Trane Technologies 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 completion of the transaction, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.