Corient Private Wealth LP Sells 148,797 Shares of Trane Technologies plc $TT

Corient Private Wealth LP trimmed its position in Trane Technologies plc (NYSE:TT - Free Report) by 42.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 202,895 shares of the company's stock after selling 148,797 shares during the period. Corient Private Wealth LP owned about 0.09% of Trane Technologies worth $99,654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TT. Tucker Asset Management LLC bought a new stake in shares of Trane Technologies during the fourth quarter valued at about $25,000. Wilkerson Advisory Group LLC grew its stake in shares of Trane Technologies by 136.0% in the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company's stock worth $25,000 after purchasing an additional 34 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Trane Technologies in the 4th quarter worth about $32,000. Elevation Wealth Partners LLC lifted its stake in shares of Trane Technologies by 153.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 66 shares of the company's stock valued at $32,000 after purchasing an additional 40 shares during the period. Finally, JPL Wealth Management LLC bought a new stake in shares of Trane Technologies during the 3rd quarter valued at $32,000. Institutional investors own 82.97% of the company's stock.

Insider Transactions at Trane Technologies

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

Trane Technologies Stock Performance

NYSE TT opened at $442.83 on Friday. The firm 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 quick ratio of 0.76 and a current ratio of 1.07. The stock has a 50-day simple moving average of $464.88 and a two-hundred day simple moving average of $459.91. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two 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 for the quarter, topping 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 business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the firm posted $3.88 earnings per share. The company's revenue was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, equities analysts forecast that Trane Technologies plc will post 15.31 earnings per share for the current year.

Wall Street Analyst Weigh In

TT has been the subject of several recent analyst reports. Royal Bank Of Canada lowered their price target on Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating for the company in a research report on Friday, July 31st. Citigroup cut their price objective on shares of Trane Technologies from $570.00 to $566.00 and set a "buy" rating for the company in a report on Friday, July 31st. Wall Street Zen cut shares of Trane Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, August 30th. Weiss Ratings upgraded Trane Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday. Finally, Sanford C. Bernstein upped their target price on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $521.50.

Trane Technologies Company Profile

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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