Campbell Newman Asset Management Inc. Invests $986,000 in Trane Technologies plc $TT

Key Points

• Campbell Newman Asset Management Inc. has invested approximately $986,000 in Trane Technologies plc, acquiring 2,255 shares during the second quarter.
• Analysts have set new price targets for Trane Technologies, with Morgan Stanley increasing their target from $445.00 to $520.00 and five investment analysts giving a Buy rating.
• CEO David S. Regnery sold 22,497 shares at an average price of $410.00, marking a 15.39% decrease in his ownership of the stock.

Campbell Newman Asset Management Inc. acquired a new stake in Trane Technologies plc (NYSE:TT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,255 shares of the company's stock, valued at approximately $986,000.

A number of other hedge funds have also recently bought and sold shares of TT. Brighton Jones LLC boosted 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 worth $2,288,000 after purchasing an additional 2,323 shares during the last quarter. AdvisorNet Financial Inc lifted its position in Trane Technologies by 6.4% during the first quarter. AdvisorNet Financial Inc now owns 818 shares of the company's stock worth $276,000 after buying an additional 49 shares during the period. Rhumbline Advisers boosted its stake in Trane Technologies by 1.0% in the 1st quarter. Rhumbline Advisers now owns 441,010 shares of the company's stock worth $148,585,000 after buying an additional 4,458 shares during the last quarter. Czech National Bank grew its holdings in Trane Technologies by 5.6% in the 1st quarter. Czech National Bank now owns 51,516 shares of the company's stock valued at $17,357,000 after buying an additional 2,726 shares during the period. Finally, Baker Tilly Wealth Management LLC increased its stake in shares of Trane Technologies by 41.9% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 958 shares of the company's stock valued at $323,000 after acquiring an additional 283 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TT. Robert W. Baird raised their target price on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Morgan Stanley lifted their price target on shares of Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. The Goldman Sachs Group boosted their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada increased their target price on Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Northcoast Research downgraded Trane Technologies from a "buy" rating to a "neutral" rating in a research report on Friday, August 1st. Five investment 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's stock. Based on data from MarketBeat, Trane Technologies currently has an average rating of "Hold" and a consensus price target of $457.40.

Trane Technologies Stock Down 0.2%

Shares of Trane Technologies stock opened at $414.43 on Tuesday. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The stock has a market cap of $92.22 billion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average price of $424.45 and a 200 day moving average price of $405.00.

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

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 shares were sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the sale, the chief executive officer owned 123,713 shares in the company, valued at approximately $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Company 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.

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