Stableford Capital II LLC Buys New Position in Trane Technologies plc $TT

Stableford Capital II LLC purchased a new position in shares of Trane Technologies plc (NYSE:TT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,850 shares of the company’s stock, valued at approximately $909,000.

Other large investors have also bought and sold shares of the company. Arizona State Retirement System boosted its holdings in Trane Technologies by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 61,415 shares of the company’s stock worth $30,165,000 after acquiring an additional 635 shares during the last quarter. West Family Investments Inc. purchased a new stake in shares of Trane Technologies in the second quarter valued at about $262,000. Waverly Advisors LLC lifted its position in shares of Trane Technologies by 3.7% during the second quarter. Waverly Advisors LLC now owns 7,807 shares of the company’s stock valued at $3,834,000 after purchasing an additional 277 shares in the last quarter. Bank OZK boosted its holdings in Trane Technologies by 9.6% during the second quarter. Bank OZK now owns 10,844 shares of the company’s stock worth $5,326,000 after purchasing an additional 953 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Trane Technologies by 6.6% during the second quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the company’s stock worth $686,000 after purchasing an additional 86 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Trane Technologies news, CEO David Regnery sold 43,778 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the completion of the transaction, the chief executive officer directly owned 96,950 shares of the company’s stock, valued at approximately $46,051,250. This represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Trane Technologies Stock Performance

Shares of TT stock opened at $446.05 on Wednesday. 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 firm has a market cap of $98.14 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 2.14 and a beta of 1.19. Trane Technologies plc has a 52 week low of $348.06 and a 52 week high of $505.87. The firm’s 50-day simple moving average is $467.14 and its two-hundred day simple moving average is $460.35.

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 net margin of 13.28% and a return on equity of 35.72%. 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 firm earned $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, equities analysts forecast that Trane Technologies plc will post 15.31 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on TT shares. Citigroup decreased their price objective on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Royal Bank Of Canada reduced their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a report 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 stock a “neutral” rating in a report on Thursday, May 14th. Finally, 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 report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Trane Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $521.50.

About Trane Technologies

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.