RKL Wealth Management LLC Has $3.94 Million Position in Trane Technologies plc $TT

RKL Wealth Management LLC lessened its holdings in Trane Technologies plc (NYSE:TT) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,013 shares of the company’s stock after selling 409 shares during the quarter. RKL Wealth Management LLC’s holdings in Trane Technologies were worth $3,942,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Csenge Advisory Group increased its holdings in shares of Trane Technologies by 0.6% in the first quarter. Csenge Advisory Group now owns 3,944 shares of the company’s stock worth $1,314,000 after acquiring an additional 25 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its position 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 purchasing an additional 26 shares during the period. Fiera Capital Corp increased its stake in Trane Technologies by 1.4% during the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company’s stock worth $650,000 after purchasing an additional 27 shares in the last quarter. Old Port Advisors raised its holdings in Trane Technologies by 3.7% during the 2nd quarter. Old Port Advisors now owns 754 shares of the company’s stock worth $330,000 after buying an additional 27 shares during the period. Finally, Bingham Private Wealth LLC lifted its stake in Trane Technologies by 3.2% in the first quarter. Bingham Private Wealth LLC now owns 944 shares of the company’s stock valued at $318,000 after buying an additional 29 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Trane Technologies Trading Up 0.9%

Shares of Trane Technologies stock opened at $425.69 on Thursday. The stock has a market cap of $94.72 billion, a P/E ratio of 33.76, a P/E/G ratio of 2.62 and a beta of 1.12. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The business’s 50 day moving average is $423.26 and its 200-day moving average is $405.26.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on TT. HSBC downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and increased their price objective for the stock from $415.00 to $460.00 in a research report on Thursday, July 31st. Barclays lowered their target price on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating for the company in a report on Tuesday, September 16th. Northcoast Research lowered Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. UBS Group increased their price objective on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, Robert W. Baird lifted their target price on Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $457.40.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Company 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.