Kingswood Wealth Advisors LLC Sells 673 Shares of Trane Technologies plc $TT

Key Points

• Kingswood Wealth Advisors LLC reduced its stake in Trane Technologies plc by 5.9%, selling 673 shares and owning 10,666 shares valued at approximately $4.67 million.
• Several analysts have issued mixed ratings for Trane Technologies, including a downgrade from Barclays, while Morgan Stanley and UBS raised their price targets, reflecting varied expectations for the stock's performance.
• Trane Technologies reported strong earnings in its latest quarter, surpassing analyst estimates with an EPS of $3.88, alongside a year-over-year revenue increase of 7.6%, amounting to $5.75 billion.

Kingswood Wealth Advisors LLC cut its stake in Trane Technologies plc (NYSE:TT - Free Report) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,666 shares of the company's stock after selling 673 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Trane Technologies were worth $4,665,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TT. Csenge Advisory Group increased 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 valued at $1,314,000 after buying an additional 25 shares during the period. Confluence Wealth Services Inc. boosted its position in Trane Technologies by 0.7% during the 2nd quarter. Confluence Wealth Services Inc. now owns 3,609 shares of the company's stock valued at $1,579,000 after acquiring an additional 25 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its position in 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 acquiring an additional 26 shares in the last quarter. Fiera Capital Corp increased 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 acquiring an additional 27 shares during the period. Finally, Old Port Advisors raised its position in shares of Trane Technologies by 3.7% in the 2nd quarter. Old Port Advisors now owns 754 shares of the company's stock worth $330,000 after acquiring an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TT shares. Barclays cut their target price on Trane Technologies from $495.00 to $485.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 16th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Trane Technologies in a research report on Saturday, September 27th. Morgan Stanley boosted their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. UBS Group lifted their price target on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Citigroup decreased their price objective on Trane Technologies from $499.00 to $494.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. Six 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $457.73.

Trane Technologies Stock Up 0.1%

Shares of TT stock opened at $424.50 on Tuesday. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The firm has a market capitalization of $94.46 billion, a PE ratio of 33.66, a P/E/G ratio of 2.63 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The stock's 50-day simple moving average is $420.57 and its 200-day simple moving average is $407.64.

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

Insider Activity at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the 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 sale, the chief executive officer owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

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.

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