Sterling Investment Counsel LLC Sells 130 Shares of Trane Technologies plc $TT

Sterling Investment Counsel LLC reduced its stake in Trane Technologies plc (NYSE:TT) by 10.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,117 shares of the company’s stock after selling 130 shares during the quarter. Sterling Investment Counsel LLC’s holdings in Trane Technologies were worth $489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TT. WFA Asset Management Corp raised its holdings in Trane Technologies by 208.3% during the first 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 period. Saudi Central Bank bought a new stake in Trane Technologies during the first quarter valued at about $30,000. Opal Wealth Advisors LLC bought a new stake in Trane Technologies during the first quarter valued at about $31,000. Bogart Wealth LLC raised its holdings in Trane Technologies by 97.9% during the first 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 period. Finally, Tradewinds Capital Management LLC raised its holdings in Trane Technologies by 46.2% during the first 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 period. 82.97% of the stock is owned by institutional investors.

Insider Activity

In other Trane Technologies 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 transaction 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. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TT shares. Robert W. Baird raised 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. The Goldman Sachs Group increased their price target on Trane Technologies from $416.00 to $460.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $415.00 to $460.00 in a research note on Thursday, July 31st. 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 research note on Tuesday, July 1st. Finally, Citigroup reduced their price objective on Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $457.40.

Trane Technologies Trading Down 0.4%

Shares of NYSE TT opened at $423.72 on Friday. The business’s 50 day moving average is $422.49 and its two-hundred day moving average is $405.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. The stock has a market capitalization of $94.28 billion, a P/E ratio of 33.60, a PEG ratio of 2.64 and a beta of 1.12.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data 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 return on equity of 36.61% and a net margin of 13.76%.The company had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.77 billion. During the same period in the previous year, the firm posted $3.30 earnings per share. The firm’s revenue for the quarter 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, research analysts expect that Trane Technologies plc will post 12.83 EPS for the current 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.