Moss Adams Wealth Advisors LLC Acquires New Shares in Trane Technologies plc $TT

Key Points

• Moss Adams Wealth Advisors LLC has acquired 726 shares of Trane Technologies plc, valued at approximately $318,000, during the second quarter.
• Trane Technologies has received mixed ratings from analysts; five rated it as a Buy, while ten assigned a Hold rating, with a consensus price target of $457.40.
• CEO David S. Regnery sold 22,497 shares of Trane Technologies, representing a 15.39% decrease in his position, with the transaction amounting to over $9.2 million.

Moss Adams Wealth Advisors LLC acquired a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 726 shares of the company's stock, valued at approximately $318,000.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TT shares. HSBC downgraded Trane Technologies from a "buy" rating to a "hold" rating and boosted their price target for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Barclays cut their price target on Trane Technologies from $495.00 to $485.00 and set an "overweight" rating for the company in a research note on Tuesday, September 16th. Hsbc Global Res downgraded Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Citigroup lowered their price objective on Trane Technologies from $499.00 to $494.00 and set a "buy" rating on the stock in a research report on Wednesday, September 17th. Finally, Morgan Stanley lifted their price objective on Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $457.40.

Insider Transactions at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction that occurred 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 sale, the chief executive officer owned 123,713 shares of the company's stock, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.14% of the company's stock.

Trane Technologies Stock Down 0.2%

Shares of TT opened at $414.43 on Tuesday. The business's 50 day moving average is $424.45 and its 200 day moving average is $405.00. The company has a market capitalization of $92.22 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.09. The company had revenue of $5.75 billion for 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 firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

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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