Consilium Wealth Advisory LLC Grows Position in Trane Technologies plc $TT

Consilium Wealth Advisory LLC grew its stake in shares of Trane Technologies plc (NYSE:TT) by 558.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,713 shares of the company’s stock after purchasing an additional 38,769 shares during the quarter. Trane Technologies comprises about 8.4% of Consilium Wealth Advisory LLC’s portfolio, making the stock its biggest holding. Consilium Wealth Advisory LLC’s holdings in Trane Technologies were worth $19,995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Trane Technologies by 9.1% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,594 shares of the company’s stock worth $697,000 after purchasing an additional 133 shares in the last quarter. Abacus Planning Group Inc. raised its stake in shares of Trane Technologies by 20.2% during the 2nd quarter. Abacus Planning Group Inc. now owns 767 shares of the company’s stock worth $335,000 after purchasing an additional 129 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Trane Technologies during the 2nd quarter worth approximately $2,805,000. J. Safra Sarasin Holding AG raised its stake in shares of Trane Technologies by 54.0% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 95,174 shares of the company’s stock worth $41,630,000 after purchasing an additional 33,374 shares in the last quarter. Finally, EWA LLC bought a new stake in shares of Trane Technologies during the 2nd quarter worth approximately $217,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TT. Royal Bank Of Canada upped their price objective on Trane Technologies from $463.00 to $467.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 31st. Wells Fargo & Company boosted their target price on Trane Technologies from $370.00 to $410.00 and gave the stock an “underweight” rating in a report on Tuesday, July 1st. Northcoast Research lowered Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Saturday, September 27th. Finally, UBS Group boosted their target price on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $457.40.

Insider Transactions at Trane Technologies

In related 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 value of $9,223,770.00. Following the completion of the sale, the chief executive officer directly owned 123,713 shares in the company, valued at $50,722,330. The trade was a 15.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

Trane Technologies Stock Performance

TT opened at $424.29 on Friday. The business has a fifty day simple moving average of $421.53 and a 200 day simple moving average of $406.31. The company has a market capitalization of $94.41 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 2.63 and a beta of 1.12. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. 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 (NYSE:TT) last released its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.09. The business 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 firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Research analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

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.