HB Wealth Management LLC Boosts Stock Position in Trane Technologies plc $TT

HB Wealth Management LLC boosted its position in Trane Technologies plc (NYSE:TT) by 11.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,976 shares of the company’s stock after purchasing an additional 1,151 shares during the quarter. HB Wealth Management LLC’s holdings in Trane Technologies were worth $5,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TT. Brighton Jones LLC boosted its position in Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after acquiring an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Trane Technologies by 22.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock worth $728,000 after acquiring an additional 305 shares during the period. Schnieders Capital Management LLC. acquired a new position in Trane Technologies in the 2nd quarter valued at $227,000. Nebula Research & Development LLC raised its holdings in Trane Technologies by 178.0% in the 2nd quarter. Nebula Research & Development LLC now owns 2,371 shares of the company’s stock valued at $1,037,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Trane Technologies by 0.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 104,140 shares of the company’s stock worth $45,552,000 after purchasing an additional 497 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Trane Technologies

In other news, CEO David Regnery sold 43,778 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total value of $20,794,550.00. Following the completion of the sale, the chief executive officer owned 96,950 shares of the company’s stock, valued at $46,051,250. This represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TT shares. JPMorgan Chase & Co. lifted 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. Royal Bank Of Canada reduced their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Citigroup decreased their price target on Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Wall Street Zen cut Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Finally, Sanford C. Bernstein upped their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies has a consensus rating of “Moderate Buy” and an average target price of $521.50.

Trane Technologies Stock Performance

Trane Technologies stock opened at $448.76 on Tuesday. The company has a market cap of $98.74 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. The stock’s 50-day moving average is $468.04 and its 200-day moving average is $460.44.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the company earned $3.88 EPS. The company’s revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities analysts anticipate that Trane Technologies plc will post 15.31 earnings per share for the current year.

About Trane Technologies

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.