Clarius Group LLC Sells 475 Shares of Trane Technologies plc $TT

Clarius Group LLC reduced its position in shares of Trane Technologies plc (NYSE:TT) by 32.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,008 shares of the company’s stock after selling 475 shares during the period. Clarius Group LLC’s holdings in Trane Technologies were worth $441,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Csenge Advisory Group raised its stake in Trane Technologies by 0.6% during the 1st quarter. Csenge Advisory Group now owns 3,944 shares of the company’s stock valued at $1,314,000 after purchasing an additional 25 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of Trane Technologies by 23.4% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock valued at $46,000 after buying an additional 26 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Trane Technologies by 1.4% in the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company’s stock valued at $650,000 after buying an additional 27 shares in the last quarter. Old Port Advisors raised its stake in shares of Trane Technologies by 3.7% in the 2nd quarter. Old Port Advisors now owns 754 shares of the company’s stock valued at $330,000 after buying an additional 27 shares in the last quarter. Finally, Bingham Private Wealth LLC increased its position in shares of Trane Technologies by 3.2% during the 1st quarter. Bingham Private Wealth LLC now owns 944 shares of the company’s stock worth $318,000 after purchasing an additional 29 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Performance

Shares of NYSE:TT opened at $424.50 on Tuesday. The company has a market capitalization of $94.46 billion, a price-to-earnings ratio of 33.66, a P/E/G ratio of 2.63 and a beta of 1.12. The firm’s 50 day simple moving average is $420.57 and its 200 day simple moving average is $407.64. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on TT shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research note on Saturday, September 27th. UBS Group increased their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Citigroup decreased their price objective on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Wells Fargo & Company raised their target price on shares of Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a research note on Monday. Finally, HSBC lowered shares of Trane Technologies from a “buy” rating to a “hold” rating and raised their target price for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $457.73.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the sale, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Trane Technologies Profile

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.