Consolidated Planning Corp Has $8.06 Million Position in Trane Technologies plc $TT

Consolidated Planning Corp boosted its holdings in Trane Technologies plc (NYSE:TT) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,424 shares of the company’s stock after buying an additional 634 shares during the period. Consolidated Planning Corp’s holdings in Trane Technologies were worth $8,059,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TT. Csenge Advisory Group increased its holdings in shares of Trane Technologies by 0.6% in the first quarter. Csenge Advisory Group now owns 3,944 shares of the company’s stock worth $1,314,000 after acquiring an additional 25 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Trane Technologies by 23.4% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock worth $46,000 after buying an additional 26 shares in the last quarter. Fiera Capital Corp lifted its position in Trane Technologies by 1.4% during the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company’s stock worth $650,000 after buying an additional 27 shares in the last quarter. Old Port Advisors grew its stake in Trane Technologies by 3.7% in the second quarter. Old Port Advisors now owns 754 shares of the company’s stock valued at $330,000 after purchasing an additional 27 shares in the last quarter. Finally, Bingham Private Wealth LLC grew its stake in Trane Technologies by 3.2% in the first quarter. Bingham Private Wealth LLC now owns 944 shares of the company’s stock valued at $318,000 after purchasing an additional 29 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Robert W. Baird raised their price target on Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Wells Fargo & Company raised their price target on Trane Technologies from $370.00 to $410.00 and gave the company an “underweight” rating in a research note on Tuesday, July 1st. Northcoast Research downgraded Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, Citigroup reduced their target price on Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $457.40.

Trane Technologies Stock Performance

Shares of NYSE TT opened at $425.69 on Thursday. 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 50 day moving average of $423.26 and a 200-day moving average of $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 issued its earnings results on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.79 by $0.09. The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, equities research analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Trane Technologies 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.