Stableford Capital II LLC Purchases Shares of 1,850 Trane Technologies plc $TT

Stableford Capital II LLC purchased a new position in shares of Trane Technologies plc (NYSE:TT) in the second quarter, according to its most recent filing with the SEC. The firm purchased 1,850 shares of the company’s stock, valued at approximately $909,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wilkerson Advisory Group LLC boosted its position in shares of Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Tucker Asset Management LLC bought a new stake in Trane Technologies in the fourth quarter worth approximately $25,000. Elevation Wealth Partners LLC increased its holdings in Trane Technologies by 153.8% in the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. JPL Wealth Management LLC acquired a new position in Trane Technologies in the third quarter valued at approximately $32,000. Finally, Physician Wealth Advisors Inc. lifted its stake in Trane Technologies by 192.6% in the first quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock valued at $33,000 after buying an additional 52 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on TT. Citigroup reduced their price objective on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research report on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings cut shares of Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Finally, Sanford C. Bernstein upped their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $521.50.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $446.05 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $505.87. The stock’s 50 day moving average is $467.14 and its 200-day moving average is $460.35. The firm has a market capitalization of $98.14 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 2.14 and a beta of 1.19.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. Trane Technologies’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Sell-side analysts forecast that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Insider Activity

In other news, CEO David Regnery sold 43,778 shares of Trane Technologies stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the completion of the transaction, the chief executive officer directly owned 96,950 shares in the company, valued at $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Trane Technologies Profile

Trane Technologies plc is a global climate-focused company that designs, manufactures and services solutions for heating, ventilation and air conditioning (HVAC), as well as transport refrigeration. Its offerings include commercial and residential HVAC systems, building controls, energy-efficiency solutions, aftermarket services and parts, and related building-management technologies.

The company also serves the transportation market through refrigeration and temperature-control systems for trucks, trailers, rail cars and other applications.