Sterling Investment Counsel LLC Sells 130 Shares of Trane Technologies plc $TT

Sterling Investment Counsel LLC lessened its stake in shares of Trane Technologies plc (NYSE:TT) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,117 shares of the company’s stock after selling 130 shares during the period. Sterling Investment Counsel LLC’s holdings in Trane Technologies were worth $489,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC boosted its stake in Trane Technologies by 19.2% during the 1st quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company’s stock valued at $382,000 after purchasing an additional 183 shares during the last quarter. OMNI 360 Wealth Inc. purchased a new stake in Trane Technologies during the 2nd quarter valued at $345,000. Jones Financial Companies Lllp boosted its stake in Trane Technologies by 350.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock valued at $7,140,000 after purchasing an additional 16,485 shares during the last quarter. Nippon Life Global Investors Americas Inc. boosted its stake in Trane Technologies by 17.5% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company’s stock valued at $1,041,000 after purchasing an additional 460 shares during the last quarter. Finally, BROOKFIELD Corp ON boosted its stake in Trane Technologies by 11.0% during the 1st quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company’s stock valued at $2,772,000 after purchasing an additional 812 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In related news, CEO David S. Regnery sold 22,497 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on TT shares. Citigroup cut their target price on Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and increased their target price for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Wells Fargo & Company increased their target price on Trane Technologies from $370.00 to $410.00 and gave the company an “underweight” rating in a research note on Tuesday, July 1st. Morgan Stanley raised their price target on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, UBS Group raised their price target on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $457.40.

Trane Technologies Stock Performance

TT stock opened at $423.72 on Friday. The company has a market cap of $94.28 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12. Trane Technologies plc has a 1 year low of $298.15 and a 1 year 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 stock’s fifty day moving average price is $422.49 and its 200-day moving average price is $405.76.

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

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.