G&S Capital LLC Sells 940 Shares of Trane Technologies plc $TT

Key Points

• G&S Capital LLC reduced its stake in Trane Technologies plc by 13.5%, selling 940 shares, and now holds shares worth approximately $2,635,000 as of its last SEC filing.
• Recent analyst reports have upgraded Trane Technologies' stock price targets, with Goldman Sachs increasing theirs from $416 to $460, while Hsbc Global Res downgraded it from "strong-buy" to "hold."
• CEO David S. Regnery sold 22,497 shares at an average price of $410, reflecting a 15.39% decrease in his holdings, which are now worth around $50.7 million.

G&S Capital LLC decreased its position in Trane Technologies plc (NYSE:TT - Free Report) by 13.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,024 shares of the company's stock after selling 940 shares during the period. G&S Capital LLC's holdings in Trane Technologies were worth $2,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CWA Asset Management Group LLC grew its holdings in shares of Trane Technologies by 19.2% in the first quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company's stock worth $382,000 after purchasing an additional 183 shares during the last quarter. OMNI 360 Wealth Inc. bought a new stake in Trane Technologies in the second quarter valued at $345,000. Jones Financial Companies Lllp boosted its holdings in Trane Technologies by 350.3% in the first quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company's stock valued at $7,140,000 after acquiring an additional 16,485 shares in the last quarter. Nippon Life Global Investors Americas Inc. boosted its holdings in Trane Technologies by 17.5% in the first quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company's stock valued at $1,041,000 after acquiring an additional 460 shares in the last quarter. Finally, BROOKFIELD Corp ON boosted its holdings in Trane Technologies by 11.0% in the first quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company's stock valued at $2,772,000 after acquiring an additional 812 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

TT has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Hsbc Global Res cut shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Robert W. Baird lifted their price target on shares of Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Royal Bank Of Canada lifted their price target on shares of Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company boosted their target price on shares of Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a report on Tuesday, July 1st. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Trane Technologies currently has an average rating of "Hold" and an average target price of $457.40.

Insider Transactions at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 123,713 shares in the company, valued at $50,722,330. The trade was a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

Trane Technologies Stock Performance

Shares of TT stock opened at $414.43 on Tuesday. The stock has a market cap of $92.22 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. The company's fifty day moving average price is $424.45 and its 200-day moving average price is $405.00. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.

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, topping analysts' consensus estimates of $3.79 by $0.09. The company had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. Trane Technologies's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, equities analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

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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