Glenview Trust co Sells 704 Shares of Trane Technologies plc $TT

Key Points

• Glenview Trust Co. reduced its holdings in Trane Technologies by 16.7%, owning 3,503 shares valued at approximately $1.18 million after selling 704 shares in Q1.
• CEO David S. Regnery sold 22,497 shares at an average price of $410, totaling $9.22 million, reducing his ownership by 15.39%.
• Trane Technologies reported $3.88 EPS for the quarter, exceeding estimates, and had a revenue of $5.75 billion, slightly below expectations.

Glenview Trust co lowered its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 16.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,503 shares of the company's stock after selling 704 shares during the period. Glenview Trust co's holdings in Trane Technologies were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TT. WFA Asset Management Corp raised its stake in 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 buying an additional 50 shares during the period. Vermillion & White Wealth Management Group LLC bought a new position in shares of Trane Technologies in the 4th quarter worth $28,000. Saudi Central Bank acquired a new stake in Trane Technologies in the 1st quarter valued at $30,000. Opal Wealth Advisors LLC bought a new stake in Trane Technologies during the 1st quarter valued at $31,000. Finally, Bogart Wealth LLC lifted its stake in shares of Trane Technologies by 97.9% in the first quarter. Bogart Wealth LLC now owns 93 shares of the company's stock valued at $31,000 after buying an additional 46 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of Trane Technologies 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 of the company's stock, valued at approximately $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TT. Royal Bank Of Canada boosted their target price on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Morgan Stanley boosted their price objective on Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Northcoast Research lowered Trane Technologies from a "buy" rating to a "neutral" rating in a report on Friday, August 1st. Barclays upped their price target on Trane Technologies from $480.00 to $495.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Citigroup raised their price objective on Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $458.60.

Trane Technologies Stock Performance

Shares of TT stock traded down $13.91 during trading on Friday, hitting $400.97. The company's stock had a trading volume of 1,563,705 shares, compared to its average volume of 1,195,808. The business has a fifty day moving average of $431.51 and a 200-day moving average of $399.80. The company has a market cap of $89.22 billion, a PE ratio of 32.56, a P/E/G ratio of 2.50 and a beta of 1.10. Trane Technologies plc has a 52 week low of $298.15 and a 52 week 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 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 return on equity of 36.61% and a net margin of 13.76%.The business had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.77 billion. During the same quarter in the previous year, the firm earned $3.30 earnings per share. The business's 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. As a group, research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current 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.