Harrell Investment Partners LLC Sells 5,255 Shares of Trane Technologies plc $TT

Key Points

• Harrell Investment Partners LLC has decreased its stake in Trane Technologies plc by 31.2%, selling 5,255 shares, and now holds 11,591 shares worth approximately $5.07 million.
• Trane Technologies recently reported earnings of $3.88 per share, surpassing analysts' estimates, with a revenue of $5.75 billion for the quarter, a 7.6% increase from the previous year.
• Institutional investors currently hold 82.97% of Trane Technologies' stock, with several hedge funds adjusting their positions recently.

Harrell Investment Partners LLC reduced its stake in Trane Technologies plc (NYSE:TT - Free Report) by 31.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,591 shares of the company's stock after selling 5,255 shares during the period. Trane Technologies accounts for approximately 1.3% of Harrell Investment Partners LLC's holdings, making the stock its 25th largest holding. Harrell Investment Partners LLC's holdings in Trane Technologies were worth $5,070,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Csenge Advisory Group boosted its holdings in Trane Technologies by 0.6% during the first quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock worth $1,314,000 after buying an additional 25 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Trane Technologies by 23.4% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company's stock valued at $46,000 after purchasing an additional 26 shares in the last quarter. Fiera Capital Corp lifted its holdings in shares of Trane Technologies by 1.4% during the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company's stock valued at $650,000 after purchasing an additional 27 shares in the last quarter. Bingham Private Wealth LLC lifted its stake in Trane Technologies by 3.2% in the 1st quarter. Bingham Private Wealth LLC now owns 944 shares of the company's stock valued at $318,000 after acquiring an additional 29 shares in the last quarter. Finally, Tradewinds Capital Management LLC lifted its stake in Trane Technologies by 46.2% in the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock valued at $32,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Performance

NYSE:TT opened at $404.10 on Thursday. The stock has a fifty day moving average price of $426.51 and a 200-day moving average price of $402.60. The company has a market cap of $89.92 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 2.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18.

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

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the company's stock in a transaction on 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 sale, the chief executive officer directly owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Royal Bank Of Canada boosted their target price on Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. HSBC cut Trane Technologies from a "buy" rating to a "hold" rating and boosted their target price for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. UBS Group boosted their target price on Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Barclays lowered their price target on Trane Technologies from $495.00 to $485.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 16th. Finally, The Goldman Sachs Group boosted their price target on Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Trane Technologies currently has an average rating of "Hold" and a consensus target price of $457.40.

Trane Technologies 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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