Roundview Capital LLC Lowers Stake in Trane Technologies plc $TT

Roundview Capital LLC lessened its position in shares of Trane Technologies plc (NYSE:TT) by 1.8% in the second quarter, Holdings Channel.com reports. The fund owned 4,022 shares of the company’s stock after selling 75 shares during the quarter. Roundview Capital LLC’s holdings in Trane Technologies were worth $1,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TT. Brighton Jones LLC boosted its position in shares of Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after buying an additional 2,323 shares during the period. NBC Securities Inc. purchased a new stake in shares of Trane Technologies in the first quarter worth about $39,000. First Citizens Bank & Trust Co. boosted its position in shares of Trane Technologies by 12.5% in the first quarter. First Citizens Bank & Trust Co. now owns 1,216 shares of the company’s stock worth $410,000 after buying an additional 135 shares during the period. Courier Capital LLC boosted its position in shares of Trane Technologies by 12.5% in the first quarter. Courier Capital LLC now owns 1,798 shares of the company’s stock worth $606,000 after buying an additional 200 shares during the period. Finally, Portside Wealth Group LLC purchased a new stake in shares of Trane Technologies in the first quarter worth about $285,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Down 0.4%

Shares of NYSE TT opened at $422.93 on Wednesday. The stock’s 50 day moving average price is $419.60 and its two-hundred day moving average price is $407.75. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The stock has a market capitalization of $94.11 billion, a P/E ratio of 33.54, a PEG ratio of 2.64 and a beta of 1.12. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $5.77 billion. During the same quarter in the prior year, the firm posted $3.30 earnings per share. Trane Technologies’s revenue for the quarter 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their target price on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Northcoast Research cut Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Wells Fargo & Company boosted their price target on Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research note on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research note on Saturday, September 27th. Finally, Citigroup cut their price target 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. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $457.73.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the company’s 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 sale, the chief executive officer owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by insiders.

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.