Greenwood Capital Associates LLC Sells 3,138 Shares of Trane Technologies plc $TT

Greenwood Capital Associates LLC reduced its holdings in shares of Trane Technologies plc (NYSE:TT) by 23.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,487 shares of the company’s stock after selling 3,138 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Trane Technologies were worth $4,587,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA Asset Management Corp boosted its stake in shares of Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock worth $25,000 after acquiring an additional 50 shares during the period. Saudi Central Bank bought a new position in shares of Trane Technologies during the 1st quarter worth approximately $30,000. Opal Wealth Advisors LLC bought a new position in shares of Trane Technologies during the 1st quarter worth approximately $31,000. Bogart Wealth LLC boosted its stake in shares of Trane Technologies by 97.9% during the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after acquiring an additional 46 shares during the period. Finally, Tradewinds Capital Management LLC boosted its stake in shares of Trane Technologies by 46.2% during the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock worth $32,000 after acquiring an additional 30 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Performance

NYSE:TT opened at $423.72 on Friday. The stock has a fifty day moving average price of $422.49 and a 200-day moving average price of $405.76. The company has a market cap of $94.28 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 2.64 and a beta of 1.12. 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 plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18.

Trane Technologies (NYSE:TT) last released its 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 firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The company’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, equities analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Insider Activity at Trane Technologies

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

Wall Street Analysts Forecast Growth

TT has been the subject of several research analyst reports. UBS Group lifted their target price on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Barclays reduced their price target on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating for the company in a research note on Tuesday, September 16th. Northcoast Research downgraded Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company boosted their price target on Trane Technologies from $370.00 to $410.00 and gave the company an “underweight” rating in a research note on Tuesday, July 1st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Trane Technologies currently has a consensus rating of “Hold” and an average target price of $457.40.

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.