Trane Technologies plc $TT Shares Bought by Walter Public Investments Inc.

Key Points

• Walter Public Investments Inc. increased its stake in Trane Technologies plc by 4.9%, making it the eighth largest position in the firm's portfolio, worth approximately $24.62 million.
• Trane Technologies reported an earnings per share (EPS) of $3.88 for the most recent quarter, exceeding analysts' expectations, with a year-on-year revenue growth of 7.6%.
• Insider trading showed CEO David S. Regnery sold 22,497 shares of Trane Technologies at an average price of $410, resulting in a 15.39% decrease in his ownership of the company's stock.

Walter Public Investments Inc. raised its stake in Trane Technologies plc (NYSE:TT - Free Report) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,286 shares of the company's stock after acquiring an additional 2,640 shares during the quarter. Trane Technologies comprises 4.2% of Walter Public Investments Inc.'s holdings, making the stock its 8th largest position. Walter Public Investments Inc.'s holdings in Trane Technologies were worth $24,620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of TT. Brighton Jones LLC boosted its stake in shares of Trane Technologies by 60.0% during the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock valued at $2,288,000 after purchasing an additional 2,323 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its stake in Trane Technologies by 7.5% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 2,185 shares of the company's stock valued at $807,000 after purchasing an additional 152 shares in the last quarter. Novem Group purchased a new stake in shares of Trane Technologies in the fourth quarter valued at $226,000. Vise Technologies Inc. increased its stake in Trane Technologies by 157.2% in the 4th quarter. Vise Technologies Inc. now owns 2,446 shares of the company's stock worth $904,000 after buying an additional 1,495 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Trane Technologies in the 4th quarter valued at about $314,000. Institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Robert W. Baird raised their price target on Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Royal Bank Of Canada lifted their price objective on Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. UBS Group boosted their price target on Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Wells Fargo & Company lifted their price objective on Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Finally, The Goldman Sachs Group boosted their price target on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Five 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $457.40.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Stock Up 1.1%

Shares of NYSE:TT traded up $4.44 during midday trading on Friday, reaching $406.93. The company had a trading volume of 2,322,884 shares, compared to its average volume of 1,365,447. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. The stock's fifty day moving average price is $428.42 and its 200-day moving average price is $402.14. The stock has a market capitalization of $90.55 billion, a P/E ratio of 32.27, a PEG ratio of 2.54 and a beta of 1.10.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the prior year, the company posted $3.30 earnings per share. The company's quarterly 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 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.