Fulton Bank N.A. Sells 145 Shares of Trane Technologies plc $TT

Fulton Bank N.A. cut its holdings in shares of Trane Technologies plc (NYSE:TT) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,937 shares of the company’s stock after selling 145 shares during the period. Fulton Bank N.A.’s holdings in Trane Technologies were worth $847,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC boosted its position in Trane Technologies by 19.2% in the 1st quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company’s stock valued at $382,000 after buying an additional 183 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Trane Technologies by 350.3% in the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company’s stock valued at $7,140,000 after buying an additional 16,485 shares during the last quarter. Nippon Life Global Investors Americas Inc. boosted its position in Trane Technologies by 17.5% in the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company’s stock valued at $1,041,000 after buying an additional 460 shares during the last quarter. OMNI 360 Wealth Inc. bought a new position in Trane Technologies in the 2nd quarter valued at $345,000. Finally, BROOKFIELD Corp ON boosted its position in Trane Technologies by 11.0% in the 1st quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company’s stock valued at $2,772,000 after buying an additional 812 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group increased their price objective on Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Wells Fargo & Company increased their price target on Trane Technologies from $370.00 to $410.00 and gave the company an “underweight” rating in a research note on Tuesday, July 1st. Royal Bank Of Canada increased their price target on Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a research note on Thursday, July 31st. Morgan Stanley increased their price target on Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and increased their price target for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $457.40.

Trane Technologies Stock Performance

TT opened at $406.93 on Friday. The company has a market capitalization of $90.55 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 2.51 and a beta of 1.10. The business’s 50-day moving average price is $428.42 and its two-hundred day moving average price is $401.35. 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 plc has a 1 year low of $298.15 and a 1 year high of $476.18.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.09. The company had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.Trane Technologies’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the firm’s stock in a transaction dated 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 owned 123,713 shares in the company, valued at $50,722,330. This trade represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by insiders.

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.