Central Valley Advisors LLC Sells 103 Shares of Trane Technologies plc $TT

Central Valley Advisors LLC decreased its position in Trane Technologies plc (NYSE:TT) by 1.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,414 shares of the company’s stock after selling 103 shares during the period. Trane Technologies comprises 1.1% of Central Valley Advisors LLC’s portfolio, making the stock its 29th biggest position. Central Valley Advisors LLC’s holdings in Trane Technologies were worth $3,243,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TT. Brighton Jones LLC lifted its stake in Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after acquiring an additional 2,323 shares in the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Trane Technologies by 168.6% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 3,170 shares of the company’s stock worth $1,171,000 after purchasing an additional 1,990 shares during the last quarter. Strategic Wealth Partners Ltd. increased its position in shares of Trane Technologies by 64.1% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 911 shares of the company’s stock worth $329,000 after purchasing an additional 356 shares during the last quarter. State of Wyoming increased its position in shares of Trane Technologies by 79.8% during the 4th quarter. State of Wyoming now owns 989 shares of the company’s stock worth $365,000 after purchasing an additional 439 shares during the last quarter. Finally, Twinbeech Capital LP acquired a new position in shares of Trane Technologies during the 4th quarter worth approximately $4,459,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

TT has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on Trane Technologies from $370.00 to $410.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 1st. Royal Bank Of Canada boosted their price target on Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Robert W. Baird boosted their price target on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. The Goldman Sachs Group boosted their price target on Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Finally, UBS Group boosted their price target on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $457.93.

Trane Technologies Stock Performance

TT opened at $399.82 on Wednesday. The firm has a market cap of $88.96 billion, a P/E ratio of 31.71, a price-to-earnings-growth ratio of 2.51 and a beta of 1.10. Trane Technologies plc has a 52-week low of $298.15 and a 52-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. The business’s fifty day moving average is $430.35 and its 200-day moving average is $400.53.

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

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 22,497 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the sale, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at $50,722,330. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

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.