Ameritas Advisory Services LLC Lowers Stock Position in Trane Technologies plc $TT

Key Points

• Ameritas Advisory Services reduced its Trane Technologies position by 60.7% in the second quarter, selling 2,760 shares and retaining 1,788 shares valued at approximately $878,000. Institutional investors collectively own 82.97% of the company.
• Analysts maintain a generally positive outlook, with Trane Technologies receiving a consensus “Moderate Buy” rating and an average price target of $521.50.
• The company exceeded quarterly expectations, reporting $4.31 in EPS and $6.35 billion in revenue, up 10.6% year over year. CEO David Regnery separately sold 43,778 shares worth about $20.8 million under a pre-arranged trading plan.

Ameritas Advisory Services LLC cut its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 60.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,788 shares of the company's stock after selling 2,760 shares during the quarter. Ameritas Advisory Services LLC's holdings in Trane Technologies were worth $878,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Trane Technologies by 60.0% during the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock valued at $2,288,000 after purchasing an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Trane Technologies by 22.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company's stock worth $728,000 after buying an additional 305 shares during the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of Trane Technologies in the 2nd quarter worth about $227,000. Nebula Research & Development LLC grew its position in Trane Technologies by 178.0% during the second quarter. Nebula Research & Development LLC now owns 2,371 shares of the company's stock valued at $1,037,000 after buying an additional 1,518 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in Trane Technologies by 0.5% during the second quarter. Treasurer of the State of North Carolina now owns 104,140 shares of the company's stock worth $45,552,000 after buying an additional 497 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Citigroup lowered their price target on shares of Trane Technologies from $570.00 to $566.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Weiss Ratings raised Trane Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday. Wall Street Zen lowered Trane Technologies from a "buy" rating to a "hold" rating in a research note on Sunday, August 30th. Royal Bank Of Canada dropped their price target on 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. Finally, Sanford C. Bernstein increased their price target on Trane Technologies from $555.00 to $575.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Trane Technologies has an average rating of "Moderate Buy" and a consensus target price of $521.50.

Trane Technologies Stock Up 0.7%

Shares of NYSE TT opened at $442.83 on Friday. The stock has a market capitalization of $97.43 billion, a P/E ratio of 33.55, a PEG ratio of 2.10 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87. The firm's 50 day simple moving average is $464.88 and its two-hundred day simple moving average is $459.91.

Trane Technologies (NYSE:TT - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) 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 company had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.20 billion. During the same quarter in the prior year, the company earned $3.88 EPS. The firm's 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. As a group, analysts expect that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Insider Buying and Selling at Trane Technologies

In other news, CEO David Regnery sold 43,778 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total value of $20,794,550.00. Following the transaction, the chief executive officer owned 96,950 shares in the company, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company's stock.

About Trane Technologies

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.

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