699 Shares in Trane Technologies plc $TT Bought by Avantra Family Wealth Inc.

Key Points

• Avantra Family Wealth Inc. acquired 699 shares of Trane Technologies plc (NYSE:TT), valued at approximately $306,000, during the second quarter.
• Trane Technologies reported earnings of $3.88 per share, exceeding analysts' expectations, with a quarterly revenue of $5.75 billion, up 7.6% year-over-year.
• CEO David S. Regnery sold 22,497 shares for approximately $9.22 million, representing a 15.39% decrease in ownership.

Avantra Family Wealth Inc. acquired a new position in Trane Technologies plc (NYSE:TT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 699 shares of the company's stock, valued at approximately $306,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TT. Brighton Jones LLC raised its position in shares of Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock worth $2,288,000 after buying an additional 2,323 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Trane Technologies in the first quarter worth $39,000. Procyon Advisors LLC increased its stake in Trane Technologies by 29.0% in the first quarter. Procyon Advisors LLC now owns 1,299 shares of the company's stock valued at $438,000 after acquiring an additional 292 shares during the last quarter. Park Avenue Securities LLC increased its stake in Trane Technologies by 17.6% in the first quarter. Park Avenue Securities LLC now owns 21,041 shares of the company's stock valued at $7,089,000 after acquiring an additional 3,150 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in Trane Technologies by 12.5% in the first quarter. First Citizens Bank & Trust Co. now owns 1,216 shares of the company's stock valued at $410,000 after acquiring an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Up 0.1%

Shares of NYSE:TT opened at $424.50 on Tuesday. The stock's 50-day moving average price is $420.57 and its 200-day moving average price is $407.64. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The stock has a market capitalization of $94.46 billion, a P/E ratio of 33.66, a price-to-earnings-growth 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share (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 analysts' expectations of $5.77 billion. During the same period last year, the firm earned $3.30 earnings per share. The company'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. On average, equities analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Hsbc Global Res cut Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Morgan Stanley increased their target price on Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. The Goldman Sachs Group increased their target price on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Citigroup reduced their target price 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, Weiss Ratings reissued a "buy (b)" rating on shares of Trane Technologies in a research note on Saturday, September 27th. Six research 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. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $457.73.

Insider Activity

In other 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 transaction of $9,223,770.00. Following the completion of the sale, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. This 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.

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.

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