VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $4.22 Million Investment in Trane Technologies plc $TT

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Trane Technologies plc (NYSE:TT) in the 2nd quarter, Holdings Channel.com reports. The fund bought 8,600 shares of the company’s stock, valued at approximately $4,224,000.

Several other large investors have also made changes to their positions in the company. Bell Investment Advisors Inc increased its position in Trane Technologies by 12.2% in the first quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock worth $85,000 after purchasing an additional 22 shares during the period. Fiduciary Family Office LLC lifted its position in Trane Technologies by 1.5% during the 4th quarter. Fiduciary Family Office LLC now owns 1,573 shares of the company’s stock valued at $612,000 after purchasing an additional 23 shares during the period. Foster Dykema Cabot & Partners LLC boosted its stake in shares of Trane Technologies by 10.6% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 239 shares of the company’s stock valued at $93,000 after purchasing an additional 23 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in shares of Trane Technologies by 1.6% in the 4th quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock valued at $600,000 after purchasing an additional 24 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its position in shares of Trane Technologies by 14.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock worth $79,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David Regnery sold 43,778 shares of Trane Technologies stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the sale, the chief executive officer owned 96,950 shares of the company’s stock, valued at $46,051,250. This trade represents a 31.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $444.87 on Thursday. The stock’s fifty day simple moving average is $466.33 and its 200 day simple moving average is $460.22. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $97.88 billion, a PE ratio of 33.70, a PEG ratio of 2.13 and a beta of 1.19. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Citigroup dropped their target price 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. raised their price target on Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Sanford C. Bernstein lifted their price objective on Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Royal Bank Of Canada cut their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Trane Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $521.50.

Trane Technologies Company 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.