Trane Technologies plc $TT Shares Acquired by Resources Management Corp CT ADV

Key Points

• Resources Management Corp CT ADV increased its holdings in Trane Technologies plc by 26.7%, acquiring an additional 2,677 shares to total 12,713 shares worth approximately $4.28 million.
• In its latest earnings report, Trane Technologies surpasses estimates with an EPS of $3.88, while revenue reached $5.75 billion, up 7.6% from the previous year despite missing expectations.
• Insider activity showed CEO David S. Regnery selling 22,497 shares at an average price of $410, reducing his ownership by 15.39%.

Resources Management Corp CT ADV boosted its position in Trane Technologies plc (NYSE:TT - Free Report) by 26.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,713 shares of the company's stock after purchasing an additional 2,677 shares during the period. Resources Management Corp CT ADV's holdings in Trane Technologies were worth $4,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp grew its stake in shares of Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock worth $25,000 after purchasing an additional 50 shares during the period. Minot DeBlois Advisors LLC purchased a new stake in Trane Technologies in the 4th quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Trane Technologies during the fourth quarter valued at $28,000. Saudi Central Bank acquired a new position in Trane Technologies in the 1st quarter valued at about $30,000. Finally, Opal Wealth Advisors LLC purchased a new position in Trane Technologies in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the company's stock in a transaction dated 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 approximately $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TT. Barclays raised their price objective on Trane Technologies from $480.00 to $495.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Royal Bank Of Canada raised their price target on Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Citigroup upped their price objective on shares of Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Hsbc Global Res downgraded shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Morgan Stanley increased their target price on Trane Technologies from $445.00 to $520.00 and gave the stock 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 assigned a Sell rating to the stock. According to MarketBeat, Trane Technologies presently has a consensus rating of "Hold" and a consensus target price of $458.60.

Trane Technologies Stock Down 0.4%

Shares of NYSE TT traded down $1.50 during midday trading on Thursday, reaching $415.82. 1,479,119 shares of the company's stock were exchanged, compared to its average volume of 1,448,757. The business's fifty day moving average price is $432.76 and its two-hundred day moving average price is $398.63. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The stock has a market capitalization of $92.52 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 2.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share 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 the consensus estimate of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

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.