Inspire Investing LLC Has $1.88 Million Stock Position in Trane Technologies plc $TT

Key Points

• Inspire Investing LLC increased its stake in Trane Technologies plc by 20.8% during the first quarter, acquiring an additional 960 shares, bringing its total holdings to 5,571 shares valued at approximately $1.88 million.
• CEO David S. Regnery sold 22,497 shares of Trane Technologies for about $9.22 million, reducing his ownership by 15.39% to 123,713 shares.
• Trane Technologies reported $3.88 EPS for the last quarter, exceeding consensus estimates, and has set its FY 2025 guidance at 13.050 EPS.

Inspire Investing LLC grew its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 20.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,571 shares of the company's stock after buying an additional 960 shares during the quarter. Inspire Investing LLC's holdings in Trane Technologies were worth $1,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TT. Csenge Advisory Group raised its stake in shares of Trane Technologies by 0.6% during the 1st quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock worth $1,314,000 after purchasing an additional 25 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in shares of Trane Technologies by 23.4% in 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 during the period. Fiera Capital Corp raised its holdings in shares of Trane Technologies by 1.4% in 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 during the period. Bingham Private Wealth LLC raised its holdings in shares of 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 purchasing an additional 29 shares during the period. Finally, Tradewinds Capital Management LLC raised its stake in Trane Technologies by 46.2% in the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock valued at $32,000 after buying an additional 30 shares during the period. 82.97% of the stock is owned by institutional investors.

Insider Transactions at Trane Technologies

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

Trane Technologies Price Performance

Shares of TT stock traded up $6.13 on Thursday, reaching $405.09. The company had a trading volume of 556,844 shares, compared to its average volume of 1,443,263. The business's 50-day moving average is $429.66 and its 200 day moving average is $400.51. The stock has a market capitalization of $90.14 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 2.49 and a beta of 1.10. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings data 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 business had revenue of $5.75 billion during 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%. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Analysts Set New Price Targets

TT has been the topic of a number of research analyst reports. 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 note on Tuesday, July 1st. Citigroup dropped their price objective on shares of Trane Technologies from $499.00 to $494.00 and set a "buy" rating on the stock in a research report on Wednesday. Barclays cut their target price on shares of Trane Technologies from $495.00 to $485.00 and set an "overweight" rating for the company in a research note on Tuesday. Northcoast Research cut shares of Trane Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, August 1st. Finally, 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 research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.