Trane Technologies plc $TT Shares Sold by Eagle Global Advisors LLC

Key Points

• Eagle Global Advisors LLC reduced its stake in Trane Technologies by 1.8%, selling 1,617 shares, which represents 1.6% of their portfolio, valued at approximately $39.6 million.
• Trane Technologies reported a Q2 EPS of $3.88, surpassing analysts' expectations of $3.79, with revenue of $5.75 billion, showing a 7.6% increase year-over-year.
• Several analysts have recently adjusted their price targets for Trane Technologies, with a consensus rating of "Hold" and an average target price of approximately $457.40.

Eagle Global Advisors LLC lessened its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,518 shares of the company's stock after selling 1,617 shares during the period. Trane Technologies makes up 1.6% of Eagle Global Advisors LLC's portfolio, making the stock its 17th biggest position. Eagle Global Advisors LLC's holdings in Trane Technologies were worth $39,593,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TT. CWA Asset Management Group LLC lifted its holdings in Trane Technologies by 19.2% during the 1st quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company's stock worth $382,000 after buying an additional 183 shares during the last quarter. OMNI 360 Wealth Inc. acquired a new position in shares of Trane Technologies in the 2nd quarter worth $345,000. Jones Financial Companies Lllp grew its holdings in shares of Trane Technologies by 350.3% in the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company's stock worth $7,140,000 after acquiring an additional 16,485 shares during the last quarter. Nippon Life Global Investors Americas Inc. raised its position in Trane Technologies by 17.5% during the first quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company's stock valued at $1,041,000 after buying an additional 460 shares during the period. Finally, BROOKFIELD Corp ON grew its stake in Trane Technologies by 11.0% during the 1st quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company's stock valued at $2,772,000 after acquiring an additional 812 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Up 2.3%

Trane Technologies stock opened at $415.91 on Friday. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The firm has a 50 day moving average price of $425.02 and a 200-day moving average price of $403.63. The company has a market capitalization of $92.54 billion, a P/E ratio of 32.98, a P/E/G ratio of 2.52 and a beta of 1.10. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT - Get Free Report) last released 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 firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the previous year, the business earned $3.30 EPS. The business's revenue for the quarter was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, equities analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on TT shares. Royal Bank Of Canada boosted their target price 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. Northcoast Research lowered Trane Technologies from a "buy" rating to a "neutral" rating in a research report on Friday, August 1st. Citigroup reduced their price target 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. Morgan Stanley raised their price objective on Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company lifted their price target on Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies currently has a consensus rating of "Hold" and an average target price of $457.40.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of the company's stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company's stock.

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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