Trane Technologies plc $TT Shares Sold by V Square Quantitative Management LLC

Key Points

• V Square Quantitative Management LLC has reduced its stake in Trane Technologies by 44.1% during Q2, owning 5,516 shares valued at approximately $2.41 million.
• Several institutional investors increased their investments in Trane Technologies, with WFA Asset Management Corp growing its stake by 208.3% in Q1.
• Analyst ratings include a mix with five ratings of Buy, ten Hold, and one Sell, with a consensus price target of $457.40.

V Square Quantitative Management LLC cut its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 44.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,516 shares of the company's stock after selling 4,345 shares during the quarter. V Square Quantitative Management LLC's holdings in Trane Technologies were worth $2,413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TT. WFA Asset Management Corp grew its stake in Trane Technologies by 208.3% in the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. Saudi Central Bank acquired a new stake in Trane Technologies in the 1st quarter valued at about $30,000. Opal Wealth Advisors LLC acquired a new stake in Trane Technologies in the 1st quarter valued at about $31,000. Bogart Wealth LLC grew its stake in Trane Technologies by 97.9% in the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company's stock valued at $31,000 after acquiring an additional 46 shares during the last quarter. Finally, Tradewinds Capital Management LLC grew its stake in Trane Technologies by 46.2% in the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock valued at $32,000 after acquiring an additional 30 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. HSBC cut shares of Trane Technologies from a "buy" rating to a "hold" rating and increased their price objective for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. The Goldman Sachs Group increased their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada increased their price objective on shares of Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Citigroup lowered 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 note on Wednesday, September 17th. Finally, Northcoast Research lowered shares of Trane Technologies from a "buy" rating to a "neutral" rating in a report on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $457.40.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were 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 in the company, valued at $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by insiders.

Trane Technologies Price Performance

NYSE:TT opened at $415.91 on Monday. The firm has a market cap of $92.54 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10. 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 company's 50-day moving average is $425.02 and its two-hundred day moving average is $404.54. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18.

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

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