Trane Technologies plc $TT Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG trimmed its stake in shares of Trane Technologies plc (NYSE:TT) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,961 shares of the company’s stock after selling 1,368 shares during the period. Raiffeisen Bank International AG’s holdings in Trane Technologies were worth $42,732,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Tucker Asset Management LLC acquired a new position in shares of Trane Technologies during the 4th quarter worth about $25,000. Wilkerson Advisory Group LLC grew its stake in Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after acquiring an additional 34 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Trane Technologies in the 4th quarter valued at about $32,000. Elevation Wealth Partners LLC raised its holdings in Trane Technologies by 153.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new position in Trane Technologies in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Up 1.3%

TT opened at $444.88 on Friday. The stock has a market capitalization of $97.88 billion, a PE ratio of 33.70, a P/E/G ratio of 2.10 and a beta of 1.19. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. The business’s 50 day moving average price is $469.24 and its 200 day moving average price is $460.71.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the firm earned $3.88 earnings per share. The firm’s quarterly 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, equities research analysts expect that Trane Technologies plc will post 15.31 EPS for the current year.

Insider Transactions at Trane Technologies

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

Wall Street Analysts Forecast Growth

TT has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped 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. Weiss Ratings lowered Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Royal Bank Of Canada cut their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research note on Friday, July 31st. Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Finally, Sanford C. Bernstein boosted their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $521.50.

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.