Junto Capital Management LP Acquires New Stake in Trane Technologies plc $TT

Key Points

• Junto Capital Management acquired 231,691 Trane Technologies shares worth approximately $113.8 million, making the stock 2% of its portfolio. Institutional investors collectively own 82.97% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $521.50, despite several firms recently lowering targets or downgrading the stock.
• Trane Technologies beat quarterly earnings and revenue expectations, reporting $4.31 in EPS and $6.35 billion in revenue, while revenue increased 10.6% year over year. CEO David Regnery separately sold 43,778 shares under a pre-arranged Rule 10b5-1 plan.

Junto Capital Management LP bought a new position in Trane Technologies plc (NYSE:TT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 231,691 shares of the company's stock, valued at approximately $113,797,000. Trane Technologies accounts for about 2.0% of Junto Capital Management LP's investment portfolio, making the stock its 14th largest holding. Junto Capital Management LP owned approximately 0.11% of Trane Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TT. Brighton Jones LLC boosted its stake in Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock valued at $2,288,000 after buying an additional 2,323 shares in the last quarter. Sivia Capital Partners LLC raised its position in Trane Technologies by 22.4% in the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company's stock worth $728,000 after acquiring an additional 305 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in Trane Technologies in the second quarter worth about $227,000. Nebula Research & Development LLC lifted its holdings in Trane Technologies by 178.0% in the 2nd quarter. Nebula Research & Development LLC now owns 2,371 shares of the company's stock valued at $1,037,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Trane Technologies by 0.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 104,140 shares of the company's stock valued at $45,552,000 after purchasing an additional 497 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on TT. Citigroup cut their target price on shares of Trane Technologies from $570.00 to $566.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Weiss Ratings lowered shares of Trane Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 26th. Royal Bank Of Canada dropped their price target on Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating on the stock in a report on Friday, July 31st. Wall Street Zen downgraded Trane Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, August 30th. Finally, JPMorgan Chase & Co. raised their price objective on Trane Technologies from $460.00 to $476.00 and gave the stock a "neutral" rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $521.50.

Insider Transactions at Trane Technologies

In other news, CEO David Regnery sold 43,778 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the completion of the sale, the chief executive officer owned 96,950 shares in the company, valued at $46,051,250. This represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

Trane Technologies Stock Performance

Shares of TT opened at $444.87 on Thursday. The company has a 50-day moving average of $466.33 and a two-hundred day moving average of $460.22. The stock has a market cap of $97.88 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.13 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the firm earned $3.88 EPS. The firm's quarterly revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, equities research analysts expect that Trane Technologies plc will post 15.31 earnings per share for the current year.

Trane Technologies Company Profile

Trane Technologies plc is a global climate-focused company that designs, manufactures and services solutions for heating, ventilation and air conditioning (HVAC), as well as transport refrigeration. Its offerings include commercial and residential HVAC systems, building controls, energy-efficiency solutions, aftermarket services and parts, and related building-management technologies.

The company also serves the transportation market through refrigeration and temperature-control systems for trucks, trailers, rail cars and other applications.

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