Trane Technologies plc $TT Shares Bought by Saudi Central Bank

Saudi Central Bank lifted its holdings in Trane Technologies plc (NYSE:TT) by 89.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,493 shares of the company’s stock after purchasing an additional 7,308 shares during the quarter. Saudi Central Bank’s holdings in Trane Technologies were worth $7,610,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Angeles Wealth Management LLC grew its position in Trane Technologies by 7.5% in the 2nd quarter. Angeles Wealth Management LLC now owns 884 shares of the company’s stock valued at $434,000 after buying an additional 62 shares in the last quarter. AlphaGrep UK Ltd bought a new stake in shares of Trane Technologies during the 2nd quarter worth about $271,000. Gainline Financial Partners LLC bought a new stake in shares of Trane Technologies during the 2nd quarter worth about $250,000. Succession Financial Inc. acquired a new stake in shares of Trane Technologies in the 2nd quarter worth approximately $233,000. Finally, MW Advisory LLC bought a new position in shares of Trane Technologies in the second quarter valued at approximately $259,000. 82.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Royal Bank Of Canada lowered their price objective on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. Wall Street Zen downgraded Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. JPMorgan Chase & Co. lifted their price target on Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Sanford C. Bernstein boosted their price objective on Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Weiss Ratings lowered Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Trane Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $521.50.

Insider Buying and Selling at Trane Technologies

In related news, CEO David Regnery sold 43,778 shares of Trane Technologies stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the transaction, the chief executive officer directly owned 96,950 shares in the company, valued at $46,051,250. The trade was a 31.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

Trane Technologies Stock Up 0.8%

NYSE TT opened at $448.76 on Friday. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87. The company has a market capitalization of $98.74 billion, a P/E ratio of 34.00, a PEG ratio of 2.14 and a beta of 1.19. The company’s 50 day simple moving average is $468.65 and its 200 day simple moving average is $460.62. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities research analysts expect that Trane Technologies plc will post 15.31 earnings per share for the current fiscal year.

Trane Technologies Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.