Venture Visionary Partners LLC Lowers Stock Holdings in Trane Technologies plc $TT

Key Points

• Venture Visionary Partners LLC reduced its stake in Trane Technologies by 35.5% in the second quarter, selling 763 shares and now holding 1,388 shares valued at $607,000.
• In a recent earnings report, Trane Technologies announced $3.88 earnings per share, exceeding estimates, and reported quarterly revenue of $5.75 billion, marking a 7.6% year-over-year increase.
• Several analysts have mixed ratings on Trane Technologies, with price targets ranging from $370.00 to $544.00, and an average target price of $457.40, reflecting a generally cautious outlook in the market.

Venture Visionary Partners LLC decreased its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 35.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,388 shares of the company's stock after selling 763 shares during the period. Venture Visionary Partners LLC's holdings in Trane Technologies were worth $607,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TT. Brighton Jones LLC raised its position in Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock valued at $2,288,000 after purchasing an additional 2,323 shares in the last quarter. NBC Securities Inc. purchased a new stake in Trane Technologies during the first quarter valued at about $39,000. Harbor Investment Advisory LLC raised its position in Trane Technologies by 874.2% during the first quarter. Harbor Investment Advisory LLC now owns 302 shares of the company's stock valued at $102,000 after purchasing an additional 271 shares in the last quarter. Merit Financial Group LLC raised its position in Trane Technologies by 64.2% during the first quarter. Merit Financial Group LLC now owns 6,848 shares of the company's stock valued at $2,307,000 after purchasing an additional 2,678 shares in the last quarter. Finally, Apella Capital LLC raised its position in Trane Technologies by 9.0% during the first quarter. Apella Capital LLC now owns 2,342 shares of the company's stock valued at $803,000 after purchasing an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Up 0.9%

NYSE TT opened at $425.69 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The stock has a market capitalization of $94.72 billion, a PE ratio of 33.76, a PEG ratio of 2.62 and a beta of 1.12. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The business's 50-day moving average is $423.26 and its 200 day moving average is $405.26.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays decreased their price objective on Trane Technologies from $495.00 to $485.00 and set an "overweight" rating on the stock in a report on Tuesday, September 16th. Morgan Stanley lifted 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. Citigroup decreased their price objective on Trane Technologies from $499.00 to $494.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. UBS Group lifted their price objective on Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Wells Fargo & Company lifted their price objective on Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $457.40.

Insiders Place Their Bets

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the sale, the chief executive officer directly owned 123,713 shares of the company's stock, valued at approximately $50,722,330. The trade was a 15.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company's stock.

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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