Trane Technologies plc $TT Shares Sold by Corient Private Wealth LP

Corient Private Wealth LP lessened its stake in shares of Trane Technologies plc (NYSE:TT) by 42.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 202,895 shares of the company’s stock after selling 148,797 shares during the quarter. Corient Private Wealth LP’s holdings in Trane Technologies were worth $99,654,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wilkerson Advisory Group LLC boosted its holdings in Trane Technologies by 136.0% in the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after purchasing an additional 34 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in shares of Trane Technologies during the 4th quarter worth approximately $25,000. Elevation Wealth Partners LLC grew its stake in Trane Technologies by 153.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock worth $32,000 after buying an additional 40 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Trane Technologies during the third quarter worth about $32,000. Finally, Physician Wealth Advisors Inc. increased its holdings in shares of Trane Technologies by 192.6% in the 1st quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock worth $33,000 after acquiring an additional 52 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Trading Up 0.7%

Trane Technologies stock opened at $442.83 on Friday. The stock has a market cap of $97.43 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.10 and a beta of 1.19. The company’s fifty day simple moving average is $464.88 and its 200-day simple moving average is $459.91. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping the consensus estimate of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the prior year, the business posted $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. As a group, sell-side analysts forecast that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TT shares. Weiss Ratings upgraded Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Citigroup lowered their target price on Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Sanford C. Bernstein raised their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, 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 on the stock in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $521.50.

Insider Transactions at Trane Technologies

In other news, CEO David Regnery sold 43,778 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the sale, the chief executive officer directly owned 96,950 shares of the company’s stock, valued at approximately $46,051,250. This trade 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 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.