J. Safra Sarasin Holding AG Purchases 33,374 Shares of Trane Technologies plc $TT

Key Points

• J. Safra Sarasin Holding AG boosted its stake in Trane Technologies plc by 54% this quarter, acquiring an additional 33,374 shares, bringing its total holdings to 95,174 shares valued at approximately $41.63 million.
• CEO David S. Regnery sold 22,497 shares for around $9.22 million, reducing his ownership by 15.39%, while insiders own only 0.14% of the company’s stock.
• Trane Technologies reported a quarterly earnings per share (EPS) of $3.88, exceeding analyst expectations and indicating a year-over-year revenue growth of 7.6%.

J. Safra Sarasin Holding AG increased its position in Trane Technologies plc (NYSE:TT - Free Report) by 54.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,174 shares of the company's stock after purchasing an additional 33,374 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Trane Technologies were worth $41,630,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. WFA Asset Management Corp lifted its stake in shares of Trane Technologies by 208.3% in the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after purchasing an additional 50 shares during the period. Saudi Central Bank acquired a new position in shares of Trane Technologies during the 1st quarter worth about $30,000. Opal Wealth Advisors LLC bought a new stake in shares of Trane Technologies in the 1st quarter valued at about $31,000. Bogart Wealth LLC increased its stake in Trane Technologies by 97.9% in the first quarter. Bogart Wealth LLC now owns 93 shares of the company's stock valued at $31,000 after purchasing an additional 46 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in shares of Trane Technologies by 46.2% during the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 123,713 shares of the company's stock, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.

Trane Technologies Trading Up 0.9%

NYSE:TT opened at $425.69 on Thursday. The company has a market cap of $94.72 billion, a P/E ratio of 33.76, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The business has a 50 day moving average price of $423.26 and a two-hundred day moving average price of $405.26. 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 announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping analysts' consensus estimates of $3.79 by $0.09. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on TT shares. The Goldman Sachs Group upped their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Morgan Stanley increased their price target on Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Wells Fargo & Company lifted their price objective on Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a report on Tuesday, July 1st. UBS Group increased their target price on Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, HSBC lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and lifted their price target for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $457.40.

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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