Somerville Kurt F Lowers Holdings in Trane Technologies plc $TT

Somerville Kurt F decreased its position in Trane Technologies plc (NYSE:TT) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,293 shares of the company’s stock after selling 120 shares during the period. Somerville Kurt F’s holdings in Trane Technologies were worth $566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. TPG Financial Advisors LLC purchased a new stake in shares of Trane Technologies during the second quarter valued at approximately $230,000. Avantra Family Wealth Inc. bought a new position in Trane Technologies in the 2nd quarter valued at approximately $306,000. SteelPeak Wealth LLC purchased a new stake in Trane Technologies during the 2nd quarter valued at $212,000. Confluence Wealth Services Inc. increased its holdings in shares of Trane Technologies by 0.7% in the 2nd quarter. Confluence Wealth Services Inc. now owns 3,609 shares of the company’s stock worth $1,579,000 after purchasing an additional 25 shares in the last quarter. Finally, Valley National Advisers Inc. raised its stake in shares of Trane Technologies by 3.6% in the second quarter. Valley National Advisers Inc. now owns 1,965 shares of the company’s stock worth $859,000 after purchasing an additional 68 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Down 0.4%

Shares of TT stock opened at $422.93 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The stock has a market cap of $94.11 billion, a P/E ratio of 33.54, a P/E/G ratio of 2.64 and a beta of 1.12. The company has a 50 day simple moving average of $419.60 and a two-hundred day simple moving average of $407.75.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.09. The business had revenue of $5.75 billion for the quarter, compared to analysts’ expectations of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Insider Transactions at Trane Technologies

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

Analyst Ratings Changes

Several equities research analysts recently commented on TT shares. UBS Group increased their price objective on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Northcoast Research downgraded shares of Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and lifted their price target for the stock from $415.00 to $460.00 in a research note on Thursday, July 31st. Barclays lowered their price objective 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. Finally, Morgan Stanley lifted their target price on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $457.73.

Trane Technologies Company Profile

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.