Broderick Brian C Lowers Stock Position in Trane Technologies plc $TT

Broderick Brian C cut its stake in shares of Trane Technologies plc (NYSE:TT) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,800 shares of the company’s stock after selling 115 shares during the period. Broderick Brian C’s holdings in Trane Technologies were worth $1,662,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Ameriflex Group Inc. acquired a new position in Trane Technologies during the second quarter worth $28,000. Saudi Central Bank acquired a new position in Trane Technologies during the 1st quarter worth about $30,000. Opal Wealth Advisors LLC purchased a new position in Trane Technologies during the 1st quarter valued at about $31,000. Bogart Wealth LLC grew its position in Trane Technologies by 97.9% in the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock valued at $31,000 after acquiring an additional 46 shares in the last quarter. Finally, Tradewinds Capital Management LLC increased its stake in Trane Technologies by 46.2% during the first quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock worth $32,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In related news, CEO David S. Regnery sold 22,497 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the sale, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Price Performance

Shares of NYSE TT opened at $422.93 on Wednesday. The stock’s 50-day simple moving average is $419.60 and its 200-day simple moving average is $407.75. The firm has a market capitalization of $94.11 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.64 and a beta of 1.12. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the company posted $3.30 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, equities research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and raised their price objective for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Citigroup dropped their price target on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research note on Saturday, September 27th. The Goldman Sachs Group boosted their target price on Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company boosted their price objective on Trane Technologies from $410.00 to $415.00 and gave the stock an “underweight” rating in a research report on Monday. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $457.73.

About Trane Technologies

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.