UMB Bank n.a. Has $4.62 Million Stock Position in Trane Technologies plc $TT

Key Points

• UMB Bank n.a. reduced its stake in Trane Technologies plc by 49.2%, ending the second quarter with 10,551 shares valued at $4,615,000.
• CEO David S. Regnery sold 22,497 shares of Trane Technologies for approximately $9.22 million, representing a 15.39% decrease in his ownership.
• Trane Technologies recently reported earnings with $3.88 EPS, surpassing expectations, and set its guidance for FY 2025 at $13.050 EPS.

UMB Bank n.a. lowered its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 49.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,551 shares of the company's stock after selling 10,220 shares during the period. UMB Bank n.a.'s holdings in Trane Technologies were worth $4,615,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TT. Nuveen LLC bought a new stake in Trane Technologies in the 1st quarter valued at about $877,468,000. GAMMA Investing LLC raised its position in shares of Trane Technologies by 35,458.2% in the 1st quarter. GAMMA Investing LLC now owns 2,015,792 shares of the company's stock valued at $679,161,000 after buying an additional 2,010,123 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Trane Technologies by 245.1% in the 1st quarter. Wellington Management Group LLP now owns 2,144,405 shares of the company's stock valued at $722,493,000 after buying an additional 1,522,933 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Trane Technologies by 9.8% in the 1st quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company's stock valued at $5,297,235,000 after buying an additional 1,408,421 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Trane Technologies by 95.1% in the 1st quarter. AQR Capital Management LLC now owns 885,039 shares of the company's stock valued at $291,727,000 after buying an additional 431,495 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Insider Transactions at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction on 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 of the company's stock, valued at $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Hsbc Global Res cut shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Barclays lowered their price objective on shares of Trane Technologies from $495.00 to $485.00 and set an "overweight" rating for the company in a research report on Tuesday, September 16th. The Goldman Sachs Group upped their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Finally, Northcoast Research cut shares of Trane Technologies from a "buy" rating to a "neutral" rating in a research report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $457.40.

Trane Technologies Trading Up 0.1%

Shares of NYSE:TT traded up $0.51 during trading on Monday, reaching $407.09. The stock had a trading volume of 1,063,426 shares, compared to its average volume of 1,450,911. The firm's fifty day moving average is $428.42 and its 200 day moving average is $402.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The stock has a market cap of $90.58 billion, a price-to-earnings ratio of 32.28, a P/E/G 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 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 company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the firm posted $3.30 EPS. The company's quarterly 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, equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

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.