Bingham Private Wealth LLC Has $391,000 Stock Position in Trane Technologies plc $TT

Bingham Private Wealth LLC cut its holdings in shares of Trane Technologies plc (NYSE:TT) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 895 shares of the company’s stock after selling 49 shares during the period. Bingham Private Wealth LLC’s holdings in Trane Technologies were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

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

Trane Technologies Stock Performance

Shares of TT stock opened at $424.50 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The company’s 50 day moving average price is $420.57 and its two-hundred day moving average price is $407.64. The company has a market capitalization of $94.46 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 2.63 and a beta of 1.12.

Trane Technologies (NYSE:TT) 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. 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 analysts’ expectations of $5.77 billion. During the same quarter in the prior year, the company earned $3.30 earnings per share. The business’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. On average, analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TT shares. UBS Group increased their target price on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Citigroup cut their price target on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Hsbc Global Res cut shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research note on Saturday, September 27th. Finally, Wells Fargo & Company lifted their price target on shares of Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research report on Monday. Six research 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’s stock. According to data from MarketBeat.com, Trane Technologies presently has an average rating of “Hold” and a consensus price target of $457.73.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction dated 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 sale, the chief executive officer owned 123,713 shares of the company’s stock, valued at $50,722,330. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

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.