Consolidated Portfolio Review Corp Purchases 490 Shares of Trane Technologies plc $TT

Consolidated Portfolio Review Corp grew its position in Trane Technologies plc (NYSE:TT) by 78.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,115 shares of the company’s stock after purchasing an additional 490 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Trane Technologies were worth $488,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TT. Nuveen LLC bought a new position in shares of Trane Technologies in the first quarter valued at approximately $877,468,000. Wellington Management Group LLP raised its position in shares of Trane Technologies by 245.1% in the first quarter. Wellington Management Group LLP now owns 2,144,405 shares of the company’s stock valued at $722,493,000 after purchasing an additional 1,522,933 shares during the period. JPMorgan Chase & Co. raised its position in shares of Trane Technologies by 9.8% in the first quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company’s stock valued at $5,297,235,000 after purchasing an additional 1,408,421 shares during the period. AQR Capital Management LLC raised its position in shares of Trane Technologies by 95.1% in the first quarter. AQR Capital Management LLC now owns 885,039 shares of the company’s stock valued at $291,727,000 after purchasing an additional 431,495 shares during the period. Finally, Pictet Asset Management Holding SA raised its position in shares of Trane Technologies by 27.3% in the first quarter. Pictet Asset Management Holding SA now owns 1,915,630 shares of the company’s stock valued at $645,343,000 after purchasing an additional 410,734 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the sale, the chief executive officer owned 123,713 shares in the company, valued at $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Stock Up 0.9%

TT opened at $425.69 on Thursday. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The firm’s fifty day moving average price is $423.26 and its two-hundred day moving average price is $405.26. The company has a market capitalization of $94.72 billion, a P/E ratio of 33.76, a P/E/G ratio of 2.62 and a beta of 1.12.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter in the previous year, the company earned $3.30 earnings per share. The business’s 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 anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Analysts Set New Price Targets

TT has been the topic of a number of recent analyst reports. Citigroup dropped 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. Barclays dropped their target price on shares of Trane Technologies from $495.00 to $485.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 16th. Royal Bank Of Canada boosted their target price on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Wells Fargo & Company boosted their target price on shares of Trane Technologies from $370.00 to $410.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 1st. Finally, Robert W. Baird boosted their target price on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $457.40.

About Trane Technologies

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.