ZWJ Investment Counsel Inc. Cuts Stake in Trane Technologies plc $TT

ZWJ Investment Counsel Inc. cut its stake in Trane Technologies plc (NYSE:TT) by 12.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 934 shares of the company’s stock after selling 128 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Trane Technologies were worth $409,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TT. WFA Asset Management Corp raised its position in Trane Technologies by 208.3% in the first quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock valued at $25,000 after purchasing an additional 50 shares during the period. Saudi Central Bank purchased a new stake in shares of Trane Technologies during the first quarter worth about $30,000. Opal Wealth Advisors LLC purchased a new stake in shares of Trane Technologies during the first quarter worth about $31,000. Bogart Wealth LLC increased its position in shares of Trane Technologies by 97.9% during the first quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after acquiring an additional 46 shares during the last quarter. Finally, Tradewinds Capital Management LLC increased its position in shares of Trane Technologies by 46.2% during the first 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 last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Stock Up 0.2%

NYSE:TT opened at $424.29 on Friday. The company has a market capitalization of $94.41 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 2.63 and a beta of 1.12. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. The stock has a 50-day simple moving average of $421.53 and a 200 day simple moving average of $406.70. 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 (NYSE:TT) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period last year, the firm earned $3.30 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Sell-side analysts predict that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research report on Saturday, September 27th. Robert W. Baird lifted their target price on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. The Goldman Sachs Group lifted their target price on Trane Technologies from $416.00 to $460.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Morgan Stanley lifted their target price on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, UBS Group lifted their price target on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $457.40.

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.