Sequoia Financial Advisors LLC Buys 1,858 Shares of Trane Technologies plc $TT

Sequoia Financial Advisors LLC lifted its stake in shares of Trane Technologies plc (NYSE:TT) by 24.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 9,530 shares of the company’s stock after buying an additional 1,858 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Trane Technologies were worth $4,681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. California State Teachers Retirement System lifted its position in Trane Technologies by 47,507.9% during the second quarter. California State Teachers Retirement System now owns 162,012,073 shares of the company’s stock worth $79,573,850,000 after acquiring an additional 161,671,768 shares during the last quarter. Norges Bank acquired a new position in shares of Trane Technologies in the fourth quarter valued at approximately $1,163,124,000. Capital International Investors bought a new position in shares of Trane Technologies during the fourth quarter worth approximately $324,639,000. Amundi increased its stake in shares of Trane Technologies by 47.8% during the first quarter. Amundi now owns 2,174,396 shares of the company’s stock worth $906,158,000 after purchasing an additional 703,018 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Trane Technologies by 536.6% during the 1st quarter. First Trust Advisors LP now owns 532,138 shares of the company’s stock worth $221,763,000 after purchasing an additional 448,547 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

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

Trane Technologies Price Performance

Trane Technologies stock opened at $442.83 on Friday. The firm has a market cap of $97.43 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. The stock’s fifty day moving average price is $464.88 and its two-hundred day moving average price is $459.91. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Sanford C. Bernstein boosted their price target on Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Weiss Ratings raised Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Royal Bank Of Canada reduced their target price on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Finally, Citigroup lowered their price target on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Trane Technologies currently has an average rating of “Moderate Buy” and an average target price of $521.50.

Trane Technologies Profile

Trane Technologies plc is a global climate-focused company that designs, manufactures and services solutions for heating, ventilation and air conditioning (HVAC), as well as transport refrigeration. Its offerings include commercial and residential HVAC systems, building controls, energy-efficiency solutions, aftermarket services and parts, and related building-management technologies.

The company also serves the transportation market through refrigeration and temperature-control systems for trucks, trailers, rail cars and other applications.