8,600 Shares in Trane Technologies plc $TT Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Trane Technologies plc (NYSE:TT) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,600 shares of the company’s stock, valued at approximately $4,224,000.

A number of other large investors also recently modified their holdings of the business. Bell Investment Advisors Inc grew its stake in shares of 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 acquiring an additional 22 shares during the last quarter. Fiduciary Family Office LLC boosted its holdings in 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 period. Foster Dykema Cabot & Partners LLC boosted its holdings in 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 period. Bridges Investment Management Inc. grew its position in Trane Technologies by 1.6% in the 4th quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock worth $600,000 after purchasing an additional 24 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its holdings 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 purchasing an additional 24 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trane Technologies

In related 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 completion of the transaction, the chief executive officer directly owned 96,950 shares of the company’s stock, valued at $46,051,250. The trade was 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. Company insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TT. Weiss Ratings cut shares of Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Royal Bank Of Canada cut their price target on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Sanford C. Bernstein raised their price objective on Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. boosted their price objective on Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $521.50.

Trane Technologies Stock Performance

NYSE TT opened at $444.87 on Thursday. The firm has a market cap of $97.88 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.13 and a beta of 1.19. The company has a 50 day moving average of $466.33 and a 200-day moving average of $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. Trane Technologies plc has a 1-year low of $348.06 and a 1-year high of $505.87.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping the consensus estimate of $4.27 by $0.04. The business had revenue of $6.35 billion for 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%.Trane Technologies’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, equities analysts forecast that Trane Technologies plc will post 15.31 earnings per share for the current fiscal year.

About Trane Technologies

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.