Voleon Capital Management LP Buys 15,737 Shares of Trane Technologies plc $TT

Key Points

• Voleon Capital Management LP increased its holdings in Trane Technologies plc by 167.4% during the first quarter, owning 25,136 shares worth approximately $8.47 million.
• CEO David S. Regnery sold 22,497 shares for nearly $9.22 million, resulting in a 15.39% decrease in his position.
• Trane Technologies reported a quarterly EPS of $3.88, beating estimates slightly, while revenue increased by 7.6% year-over-year to $5.75 billion.

Voleon Capital Management LP boosted its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 167.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 25,136 shares of the company's stock after purchasing an additional 15,737 shares during the quarter. Voleon Capital Management LP's holdings in Trane Technologies were worth $8,469,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TT. Csenge Advisory Group lifted its stake in Trane Technologies by 0.6% during the 1st quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock valued at $1,314,000 after acquiring an additional 25 shares during the period. Fiera Capital Corp lifted its position in Trane Technologies by 1.4% during the first quarter. Fiera Capital Corp now owns 1,930 shares of the company's stock valued at $650,000 after purchasing an additional 27 shares during the period. Bingham Private Wealth LLC lifted its position in Trane Technologies by 3.2% during the first quarter. Bingham Private Wealth LLC now owns 944 shares of the company's stock valued at $318,000 after purchasing an additional 29 shares during the period. Tradewinds Capital Management LLC boosted its holdings in Trane Technologies by 46.2% in the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after purchasing an additional 30 shares during the last quarter. Finally, Smith Group Asset Management LLC grew its position in Trane Technologies by 1.2% in the 1st quarter. Smith Group Asset Management LLC now owns 2,610 shares of the company's stock worth $879,000 after purchasing an additional 30 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company's stock.

Trane Technologies Stock Performance

NYSE TT traded down $1.50 on Thursday, reaching $415.82. 1,483,631 shares of the stock were exchanged, compared to its average volume of 1,448,799. The firm has a market capitalization of $92.52 billion, a PE ratio of 32.98, a PEG ratio of 2.55 and a beta of 1.10. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. The company's 50-day simple moving average is $432.76 and its two-hundred day simple moving average is $398.63. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the prior year, the firm posted $3.30 EPS. Trane Technologies's quarterly revenue was up 7.6% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Robert W. Baird increased their price target on Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Wells Fargo & Company boosted their price target on Trane Technologies from $370.00 to $410.00 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Morgan Stanley upped their price target on shares of Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Royal Bank Of Canada boosted their target price on shares of Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Finally, Hsbc Global Res lowered shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. 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 company. Based on data from MarketBeat, Trane Technologies currently has an average rating of "Hold" and a consensus target price of $458.60.

Trane Technologies Company 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.