Secured Retirement Advisors LLC Sells 1,193 Shares of Trane Technologies plc $TT

Key Points

• Secured Retirement Advisors LLC reduced its holdings in Trane Technologies by 28.6% during the second quarter, selling 1,193 shares, leaving them with a total of 2,972 shares valued at approximately $1.3 million.
• Trane Technologies reported an EPS of $3.88 for the quarter, surpassing analysts’ expectations, with a revenue of $5.75 billion, a 7.6% year-over-year increase.
• Institutional investors own 82.97% of Trane Technologies stock, indicating strong confidence in the company's growth prospects as noted by multiple analysts raising their price targets for the shares.

Secured Retirement Advisors LLC decreased its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 28.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,972 shares of the company's stock after selling 1,193 shares during the quarter. Secured Retirement Advisors LLC's holdings in Trane Technologies were worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Csenge Advisory Group raised its stake in shares of Trane Technologies by 0.6% during the 1st quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock valued at $1,314,000 after purchasing an additional 25 shares during the period. Confluence Wealth Services Inc. increased its position in shares of Trane Technologies by 0.7% during the second quarter. Confluence Wealth Services Inc. now owns 3,609 shares of the company's stock valued at $1,579,000 after buying an additional 25 shares during the period. CBIZ Investment Advisory Services LLC increased its position in shares of Trane Technologies by 23.4% during the first quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company's stock valued at $46,000 after buying an additional 26 shares during the period. Fiera Capital Corp increased its holdings in Trane Technologies by 1.4% during the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company's stock worth $650,000 after acquiring an additional 27 shares during the period. Finally, Old Port Advisors increased its holdings in Trane Technologies by 3.7% during the 2nd quarter. Old Port Advisors now owns 754 shares of the company's stock worth $330,000 after acquiring an additional 27 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Price Performance

Shares of Trane Technologies stock opened at $422.93 on Wednesday. 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. The business's 50-day moving average price is $419.60 and its 200-day moving average price is $407.75. The firm has a market capitalization of $94.11 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating analysts' consensus estimates of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.77 billion. During the same period last year, the business earned $3.30 earnings per share. The business's quarterly revenue was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Sell-side analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of the firm's stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TT shares. Robert W. Baird upped their price target on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. HSBC lowered Trane Technologies from a "buy" rating to a "hold" rating and upped their target price for the stock from $415.00 to $460.00 in a research note on Thursday, July 31st. UBS Group upped 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. Morgan Stanley upped their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Citigroup decreased their price objective on shares of Trane Technologies from $499.00 to $494.00 and set a "buy" rating on the stock in a research 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $457.73.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.