Pflug Koory LLC Sells 290 Shares of Trane Technologies plc $TT

Pflug Koory LLC lowered its holdings in shares of Trane Technologies plc (NYSE:TT) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,984 shares of the company’s stock after selling 290 shares during the quarter. Trane Technologies comprises about 0.9% of Pflug Koory LLC’s investment portfolio, making the stock its 27th biggest position. Pflug Koory LLC’s holdings in Trane Technologies were worth $1,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameriflex Group Inc. bought a new position in shares of Trane Technologies during the 2nd quarter valued at $28,000. WFA Asset Management Corp raised its holdings in shares of Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Saudi Central Bank bought a new position in Trane Technologies in the 1st quarter worth $30,000. Opal Wealth Advisors LLC bought a new position in Trane Technologies in the 1st quarter worth $31,000. Finally, Bogart Wealth LLC raised its holdings in Trane Technologies by 97.9% in the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after acquiring an additional 46 shares during the period. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

TT has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a report on Saturday, September 27th. Royal Bank Of Canada lifted their target price on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Morgan Stanley lifted their target price on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Wells Fargo & Company lifted their target price on shares of Trane Technologies from $370.00 to $410.00 and gave the stock an “underweight” rating in a report on Tuesday, July 1st. Finally, Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and an average price target of $457.40.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 123,713 shares of the company’s stock, valued at $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

Trane Technologies Stock Performance

NYSE TT opened at $424.29 on Friday. The stock has a market cap of $94.41 billion, a P/E ratio of 33.65, a PEG ratio of 2.63 and a beta of 1.12. The company’s 50-day simple moving average is $421.53 and its 200 day simple moving average is $406.31. 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.

Trane Technologies (NYSE:TT) last posted its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $0.09. The business had revenue of $5.75 billion for 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 firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, research analysts forecast that Trane Technologies plc will post 12.83 earnings per share 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.