Cidel Asset Management Inc. Reduces Stake in Trane Technologies plc $TT

Key Points

• Cidel Asset Management cut its Trane Technologies stake by 94.1% in the second quarter, selling 10,084 shares and retaining 633 shares worth approximately $311,000. Institutional investors and hedge funds collectively own 82.97% of the company.
• Trane Technologies beat quarterly expectations, reporting $4.31 EPS and $6.35 billion in revenue, with revenue up 10.6% year over year. The company issued fiscal 2026 EPS guidance of $15.20–$15.30.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $521.50, despite some recent downgrades. CEO David Regnery also sold 43,778 shares under a pre-arranged trading plan.

Cidel Asset Management Inc. reduced its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 94.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 633 shares of the company's stock after selling 10,084 shares during the period. Cidel Asset Management Inc.'s holdings in Trane Technologies were worth $311,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tucker Asset Management LLC acquired a new stake in shares of Trane Technologies during the 4th quarter valued at about $25,000. Wilkerson Advisory Group LLC increased its stake in Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company's stock worth $25,000 after buying an additional 34 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Trane Technologies during the fourth quarter valued at approximately $32,000. Elevation Wealth Partners LLC boosted its stake in shares of Trane Technologies by 153.8% in the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company's stock worth $32,000 after acquiring an additional 40 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in shares of Trane Technologies in the third quarter worth approximately $32,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $439.89 on Friday. The business's fifty day simple moving average is $465.58 and its 200-day simple moving average is $460.03. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. The firm has a market cap 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 plc has a 52 week low of $348.06 and a 52 week high of $505.87.

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

Insider Buying and Selling

In other news, CEO David Regnery sold 43,778 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the completion of the transaction, the chief executive officer directly owned 96,950 shares in the company, valued at $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TT. Weiss Ratings lowered Trane Technologies from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, August 26th. Royal Bank Of Canada cut their price objective on shares of Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating for the company in a report on Friday, July 31st. Sanford C. Bernstein upped their price target on Trane Technologies from $555.00 to $575.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Wall Street Zen downgraded Trane Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, August 30th. Finally, Citigroup lowered their price objective 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. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $521.50.

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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