GC Wealth Management RIA LLC Raises Position in Trane Technologies plc $TT

Key Points

• GC Wealth Management RIA LLC increased its stake in Trane Technologies plc by 24.4% in the second quarter, owning 8,594 shares worth approximately $3.76 million.
• Trane Technologies stock rose 2.3% and has a market capitalization of about $92.54 billion, with a P/E ratio of 32.98.
• Analysts have mixed ratings for Trane Technologies; while five rate it Buy, the average target price among analysts is $457.40.

GC Wealth Management RIA LLC boosted its stake in Trane Technologies plc (NYSE:TT - Free Report) by 24.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,594 shares of the company's stock after buying an additional 1,683 shares during the quarter. GC Wealth Management RIA LLC's holdings in Trane Technologies were worth $3,759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TT. Brighton Jones LLC raised its holdings in shares of Trane Technologies by 60.0% in the fourth 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. Centaurus Financial Inc. purchased a new stake in Trane Technologies in the 4th quarter valued at about $237,000. MassMutual Private Wealth & Trust FSB increased its stake in Trane Technologies by 28.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 951 shares of the company's stock valued at $320,000 after buying an additional 213 shares during the last quarter. Versant Capital Management Inc increased its stake in Trane Technologies by 52.5% in the 1st quarter. Versant Capital Management Inc now owns 924 shares of the company's stock valued at $311,000 after buying an additional 318 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its position in shares of Trane Technologies by 6.4% during the first quarter. AdvisorNet Financial Inc now owns 818 shares of the company's stock valued at $276,000 after acquiring an additional 49 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Stock Up 2.3%

Trane Technologies stock opened at $415.91 on Monday. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. The firm has a market capitalization of $92.54 billion, a price-to-earnings ratio of 32.98, a P/E/G 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 firm has a 50 day simple moving average of $425.02 and a 200 day simple moving average of $404.54.

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 for the quarter, beating the consensus estimate of $3.79 by $0.09. The company had revenue of $5.75 billion during the quarter, compared to analysts' expectations of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO David S. Regnery sold 22,497 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the completion of the transaction, the chief executive officer directly owned 123,713 shares in the company, valued at $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on TT shares. Wells Fargo & Company increased their price target on Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research report on Tuesday, July 1st. The Goldman Sachs Group raised their target price on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada raised their price objective on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Morgan Stanley raised their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Hsbc Global Res lowered shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. 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. According to MarketBeat, the company has an average rating of "Hold" and an average price target 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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