Trane Technologies plc $TT Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. lowered its stake in shares of Trane Technologies plc (NYSE:TT) by 94.1% during the second quarter, Holdings Channel reports. The fund owned 633 shares of the company’s stock after selling 10,084 shares during the period. Cidel Asset Management Inc.’s holdings in Trane Technologies were worth $311,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after buying an additional 2,323 shares during the period. Sivia Capital Partners LLC increased its position in shares of Trane Technologies by 22.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock valued at $728,000 after purchasing an additional 305 shares during the last quarter. Schnieders Capital Management LLC. purchased a new stake in shares of Trane Technologies during the 2nd quarter worth $227,000. Nebula Research & Development LLC raised its stake in Trane Technologies by 178.0% in the second quarter. Nebula Research & Development LLC now owns 2,371 shares of the company’s stock valued at $1,037,000 after buying an additional 1,518 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Trane Technologies by 0.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 104,140 shares of the company’s stock valued at $45,552,000 after acquiring an additional 497 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TT shares. Weiss Ratings cut shares of Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. JPMorgan Chase & Co. raised their price target on Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Sanford C. Bernstein upped their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Finally, Citigroup lowered their target price on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $521.50.

Trane Technologies Stock Down 1.0%

TT stock opened at $439.89 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87. The firm has a market capitalization of $96.78 billion, a PE ratio of 33.32, a P/E/G ratio of 2.12 and a beta of 1.19. The company’s 50 day simple moving average is $465.58 and its 200-day simple moving average is $460.03.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $3.88 EPS. Trane Technologies’s quarterly 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 expect that Trane Technologies plc will post 15.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trane Technologies news, CEO David Regnery sold 43,778 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 96,950 shares in the company, valued at approximately $46,051,250. This represents a 31.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Trane Technologies Profile

Trane Technologies plc is a global climate-focused company that designs, manufactures and services solutions for heating, ventilation and air conditioning (HVAC), as well as transport refrigeration. Its offerings include commercial and residential HVAC systems, building controls, energy-efficiency solutions, aftermarket services and parts, and related building-management technologies.

The company also serves the transportation market through refrigeration and temperature-control systems for trucks, trailers, rail cars and other applications.