Tidal Investments LLC Has $15.77 Million Holdings in Trane Technologies plc $TT

Tidal Investments LLC boosted its position in shares of Trane Technologies plc (NYSE:TT) by 15.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 32,105 shares of the company’s stock after purchasing an additional 4,264 shares during the period. Tidal Investments LLC’s holdings in Trane Technologies were worth $15,769,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bell Investment Advisors Inc lifted its stake in Trane Technologies by 12.2% during 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 last quarter. Fiduciary Family Office LLC increased its stake in shares of Trane Technologies by 1.5% in 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 last quarter. Foster Dykema Cabot & Partners LLC increased 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. lifted its position in shares of Trane Technologies by 1.6% during the 4th quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock worth $600,000 after buying an additional 24 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its position in Trane Technologies by 14.5% in the first quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock valued at $79,000 after acquiring an additional 24 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Trane Technologies Trading Down 1.0%

Shares of TT stock opened at $439.89 on Friday. Trane Technologies plc has a 1-year low of $348.06 and a 1-year high of $505.87. 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 stock has a market cap of $96.78 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 2.12 and a beta of 1.19. The stock has a 50-day moving average of $465.58 and a 200-day moving average of $460.03.

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

Insider Buying and Selling at Trane Technologies

In other news, CEO David Regnery sold 43,778 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 96,950 shares in the company, valued at $46,051,250. This represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Royal Bank Of Canada dropped 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. Weiss Ratings cut shares of Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. Finally, Sanford C. Bernstein raised their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $521.50.

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.