Integrated Wealth Concepts LLC Boosts Stake in Trane Technologies plc $TT

Integrated Wealth Concepts LLC increased its stake in Trane Technologies plc (NYSE:TT) by 129.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,710 shares of the company’s stock after purchasing an additional 8,291 shares during the period. Integrated Wealth Concepts LLC’s holdings in Trane Technologies were worth $7,225,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bell Investment Advisors Inc raised its position in shares of Trane Technologies by 12.2% during the 1st quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock valued at $85,000 after buying an additional 22 shares in the last quarter. Fiduciary Family Office LLC increased its stake in Trane Technologies by 1.5% in the fourth quarter. Fiduciary Family Office LLC now owns 1,573 shares of the company’s stock valued at $612,000 after acquiring an additional 23 shares during the last quarter. Foster Dykema Cabot & Partners LLC increased its stake in Trane Technologies by 10.6% in the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 239 shares of the company’s stock valued at $93,000 after acquiring an additional 23 shares during the last quarter. Bridges Investment Management Inc. raised its position in Trane Technologies by 1.6% during the fourth 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 in the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in Trane Technologies by 14.5% during the first quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock worth $79,000 after purchasing an additional 24 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Trane Technologies news, CEO David Regnery sold 43,778 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total value 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 approximately $46,051,250. This represents a 31.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Up 0.7%

Shares of Trane Technologies stock opened at $442.83 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. Trane Technologies plc has a 52-week low of $348.06 and a 52-week high of $505.87. The company’s 50 day moving average price is $464.88 and its 200-day moving average price is $459.91. The stock has a market capitalization of $97.43 billion, a price-to-earnings ratio of 33.55, a P/E/G ratio of 2.10 and a beta of 1.19.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on TT. Weiss Ratings upgraded Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Wall Street Zen downgraded Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Citigroup cut their target price on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Sanford C. Bernstein lifted their price target on shares of 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 lowered their price objective on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Trane Technologies has a consensus rating of “Moderate Buy” and a consensus price target 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.