Vancity Investment Management Ltd Sells 1,919 Shares of Trane Technologies plc $TT

Vancity Investment Management Ltd reduced its stake in shares of Trane Technologies plc (NYSE:TT) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,381 shares of the company’s stock after selling 1,919 shares during the quarter. Trane Technologies comprises 2.1% of Vancity Investment Management Ltd’s portfolio, making the stock its 17th biggest position. Vancity Investment Management Ltd’s holdings in Trane Technologies were worth $13,940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tucker Asset Management LLC bought a new position in shares of Trane Technologies during the fourth quarter worth $25,000. Wilkerson Advisory Group LLC increased its position in shares of Trane Technologies by 136.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after buying an additional 34 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Trane Technologies in the 3rd quarter valued at $32,000. Hilton Head Capital Partners LLC acquired a new stake in Trane Technologies during the 4th quarter worth $32,000. Finally, Elevation Wealth Partners LLC lifted its holdings in Trane Technologies by 153.8% during the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock worth $32,000 after acquiring an additional 40 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Insider Activity

In related 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 transaction of $20,794,550.00. Following the completion of the transaction, the chief executive officer owned 96,950 shares in the company, valued at approximately $46,051,250. This represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.

Trane Technologies Stock Up 0.2%

NYSE:TT opened at $448.76 on Monday. The stock has a 50-day simple moving average of $468.65 and a 200 day simple moving average of $460.59. Trane Technologies plc has a 52-week low of $348.06 and a 52-week high of $505.87. The company has a market cap of $98.74 billion, a PE ratio of 34.00, a PEG ratio of 2.14 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the previous year, the business posted $3.88 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, sell-side analysts expect that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TT shares. Citigroup lowered their target price on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings cut shares of Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Royal Bank Of Canada lowered their price objective on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Finally, Sanford C. Bernstein raised their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $521.50.

Trane Technologies Company Profile

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.