NewEdge Advisors LLC Acquires 1,478 Shares of Trane Technologies plc $TT

NewEdge Advisors LLC lifted its stake in shares of Trane Technologies plc (NYSE:TT) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,647 shares of the company’s stock after buying an additional 1,478 shares during the period. NewEdge Advisors LLC’s holdings in Trane Technologies were worth $21,929,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TT. Bell Investment Advisors Inc lifted its stake in Trane Technologies by 12.2% during the 1st quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock valued at $85,000 after acquiring an additional 22 shares in the last quarter. Fiduciary Family Office LLC boosted its holdings in Trane Technologies by 1.5% during the 4th quarter. Fiduciary Family Office LLC now owns 1,573 shares of the company’s stock worth $612,000 after acquiring an additional 23 shares during the last quarter. Foster Dykema Cabot & Partners LLC grew its stake in shares of Trane Technologies by 10.6% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 239 shares of the company’s stock worth $93,000 after acquiring an additional 23 shares in the last quarter. Bridges Investment Management Inc. raised its holdings in shares of Trane Technologies by 1.6% in the fourth quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock valued at $600,000 after purchasing an additional 24 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Trane Technologies by 14.5% in the first quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock valued at $79,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Performance

NYSE TT opened at $439.89 on Friday. Trane Technologies plc has a 52-week low of $348.06 and a 52-week high of $505.87. The company has a 50-day simple moving average of $465.58 and a 200 day simple moving average of $460.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. The company has a market capitalization of $96.78 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.12 and a beta of 1.19.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the previous year, the company earned $3.88 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, research analysts predict that Trane Technologies plc will post 15.31 EPS for the current year.

Insider Activity

In other Trane Technologies news, CEO David Regnery sold 43,778 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the sale, the chief executive officer owned 96,950 shares of the company’s stock, valued at $46,051,250. The trade was a 31.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings cut shares of Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. increased their price objective on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Royal Bank Of Canada dropped their target price on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Citigroup cut their target price on Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Trane Technologies has an average rating of “Moderate Buy” and a consensus target price of $521.50.

Trane Technologies Company Profile

Trane Technologies plc is a global climate-focused company that designs, manufactures and services solutions for heating, ventilation and air conditioning (HVAC), as well as transport refrigeration. Its offerings include commercial and residential HVAC systems, building controls, energy-efficiency solutions, aftermarket services and parts, and related building-management technologies.

The company also serves the transportation market through refrigeration and temperature-control systems for trucks, trailers, rail cars and other applications.