Trane Technologies plc $TT Shares Sold by QRG Capital Management Inc.

Key Points

• QRG Capital Management cut its Trane Technologies position by 42.2% in the second quarter, selling 24,131 shares and retaining 33,070 shares valued at approximately $16.2 million. Institutional investors collectively own 82.97% of the company.
• Trane Technologies reported quarterly EPS of $4.31, exceeding estimates by $0.04, while revenue rose 10.6% year over year to $6.35 billion. The company issued fiscal 2026 EPS guidance of $15.20–$15.30.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $521.50, despite mixed recent revisions. CEO David Regnery also sold 43,778 shares under a pre-arranged Rule 10b5-1 trading plan.

QRG Capital Management Inc. lowered its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 42.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,070 shares of the company's stock after selling 24,131 shares during the period. QRG Capital Management Inc.'s holdings in Trane Technologies were worth $16,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TT. Envestnet Portfolio Solutions Inc. lifted its position in Trane Technologies by 21.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,545 shares of the company's stock valued at $3,215,000 after buying an additional 1,158 shares during the last quarter. Junto Capital Management LP acquired a new stake in shares of Trane Technologies during the second quarter valued at about $113,797,000. Sequoia Financial Advisors LLC raised its stake in shares of Trane Technologies by 24.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,530 shares of the company's stock valued at $4,681,000 after acquiring an additional 1,858 shares during the period. Tidal Investments LLC lifted its holdings in shares of Trane Technologies by 15.3% in the 2nd quarter. Tidal Investments LLC now owns 32,105 shares of the company's stock worth $15,769,000 after acquiring an additional 4,264 shares during the last quarter. Finally, MCF Advisors LLC boosted its position in shares of Trane Technologies by 1,175.7% during the 2nd quarter. MCF Advisors LLC now owns 6,455 shares of the company's stock worth $3,170,000 after purchasing an additional 5,949 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trane Technologies news, CEO David Regnery sold 43,778 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the sale, the chief executive officer owned 96,950 shares of the company's stock, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Trane Technologies Stock Down 0.2%

Shares of NYSE TT opened at $436.94 on Thursday. The business has a 50-day moving average of $456.85 and a two-hundred day moving average of $458.46. The company has a market capitalization of $96.14 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. Trane Technologies plc has a 1 year low of $348.06 and a 1 year high of $505.87. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating analysts' consensus estimates of $4.27 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The business's revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, analysts forecast that Trane Technologies plc will post 15.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TT. Citigroup decreased their target price on Trane Technologies from $570.00 to $566.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Royal Bank Of Canada dropped their price objective on shares of Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating for the company in a report on Friday, July 31st. Wall Street Zen lowered shares of Trane Technologies from a "buy" rating to a "hold" rating in a report on Sunday, August 30th. Weiss Ratings raised shares of Trane Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, September 10th. Finally, Sanford C. Bernstein boosted their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Trane Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $521.50.

Trane Technologies Profile

Trane Technologies plc is a global climate-focused company that designs, manufactures and services solutions for heating, ventilation and air conditioning (HVAC), as well as transport refrigeration. Its offerings include commercial and residential HVAC systems, building controls, energy-efficiency solutions, aftermarket services and parts, and related building-management technologies.

The company also serves the transportation market through refrigeration and temperature-control systems for trucks, trailers, rail cars and other applications.

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