Consolidated Planning Corp Raises Stake in Trane Technologies plc $TT

Key Points

• Consolidated Planning Corp increased its stake in Trane Technologies plc by 3.6% in Q2, owning 18,424 shares worth approximately $8.06 million at the reporting period's end.
• CEO David S. Regnery sold 22,497 shares for about $9.22 million, which represents a 15.39% decrease in his position, leaving him with 123,713 shares valued at around $50.72 million.
• Trane Technologies reported Q2 earnings of $3.88 EPS, exceeding estimates, with a revenue of $5.75 billion, reflecting a 7.6% year-over-year increase.

Consolidated Planning Corp boosted its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,424 shares of the company's stock after purchasing an additional 634 shares during the period. Consolidated Planning Corp's holdings in Trane Technologies were worth $8,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TT. Robeco Institutional Asset Management B.V. lifted its stake in Trane Technologies by 1.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,281,056 shares of the company's stock worth $560,347,000 after purchasing an additional 20,934 shares during the last quarter. BSW Wealth Partners grew its holdings in Trane Technologies by 18.1% during the second quarter. BSW Wealth Partners now owns 854 shares of the company's stock worth $374,000 after acquiring an additional 131 shares during the period. Newman Dignan & Sheerar Inc. acquired a new position in Trane Technologies during the second quarter worth about $208,000. Heritage Financial Services LLC grew its holdings in Trane Technologies by 4.7% during the second quarter. Heritage Financial Services LLC now owns 710 shares of the company's stock worth $311,000 after acquiring an additional 32 shares during the period. Finally, Trust Co. of Vermont grew its holdings in Trane Technologies by 25.4% during the second quarter. Trust Co. of Vermont now owns 173 shares of the company's stock worth $76,000 after acquiring an additional 35 shares during the period. Institutional investors own 82.97% of the company's stock.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 22,497 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 directly owned 123,713 shares in the company, valued at approximately $50,722,330. The trade was a 15.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company's stock.

Trane Technologies Stock Up 0.9%

Shares of Trane Technologies stock opened at $425.69 on Thursday. The firm has a market cap of $94.72 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 2.62 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The stock has a 50-day simple moving average of $423.26 and a 200-day simple moving average of $405.26.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TT shares. Morgan Stanley lifted their target price on Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. UBS Group lifted their price target on Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. HSBC cut Trane Technologies from a "buy" rating to a "hold" rating and lifted their price target for the stock from $415.00 to $460.00 in a research note on Thursday, July 31st. Robert W. Baird lifted their price target on Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company lifted their price target on Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 1st. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Trane Technologies currently has an average rating of "Hold" and an average target price of $457.40.

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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