U.S. Capital Wealth Advisors LLC Sells 17,744 Shares of Trane Technologies plc $TT

Key Points

• U.S. Capital Wealth Advisors LLC significantly reduced its stake in Trane Technologies plc by 92% during the second quarter, selling 17,744 shares and now holding only 1,547 shares valued at approximately $677,000.
• CEO David S. Regnery sold 22,497 shares of Trane Technologies for over $9.2 million, resulting in a 15.39% decrease in his ownership.
• Wall Street analysts generally have a "Hold" rating on Trane Technologies with an average price target of $457.40, amidst various recent downgrades and mixed performance expectations.

U.S. Capital Wealth Advisors LLC cut its stake in Trane Technologies plc (NYSE:TT - Free Report) by 92.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,547 shares of the company's stock after selling 17,744 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Trane Technologies were worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of TT. Brighton Jones LLC lifted its holdings in Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock valued at $2,288,000 after buying an additional 2,323 shares during the period. Centaurus Financial Inc. acquired a new position in Trane Technologies in the fourth quarter valued at approximately $237,000. NorthCrest Asset Manangement LLC lifted its holdings in Trane Technologies by 6.9% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 2,978 shares of the company's stock valued at $1,100,000 after buying an additional 191 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Trane Technologies by 37.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 81,325 shares of the company's stock valued at $30,037,000 after buying an additional 22,233 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Trane Technologies by 28.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 951 shares of the company's stock valued at $320,000 after buying an additional 213 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trane Technologies

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 completion of the transaction, the chief executive officer owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TT has been the topic of several analyst reports. Hsbc Global Res lowered shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Northcoast Research downgraded shares of Trane Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, August 1st. HSBC downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating and upped their target price for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Citigroup lowered their target price on shares of Trane Technologies from $499.00 to $494.00 and set a "buy" rating for the company in a research note on Wednesday, September 17th. Finally, Barclays lowered their target price on shares of Trane Technologies from $495.00 to $485.00 and set an "overweight" rating for the company in a research note on Tuesday, September 16th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $457.40.

Trane Technologies Stock Up 0.6%

Trane Technologies stock opened at $406.70 on Friday. The stock has a market capitalization of $90.50 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 2.51 and a beta of 1.10. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $425.64 and a 200-day moving average of $403.07.

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