Valeo Financial Advisors LLC Acquires 73 Shares of Trane Technologies plc $TT

Valeo Financial Advisors LLC increased its holdings in shares of Trane Technologies plc (NYSE:TT) by 3.7% during the second quarter, Holdings Channel reports. The fund owned 2,071 shares of the company’s stock after purchasing an additional 73 shares during the period. Valeo Financial Advisors LLC’s holdings in Trane Technologies were worth $906,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. DAVENPORT & Co LLC grew its position in Trane Technologies by 1.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 219,102 shares of the company’s stock worth $95,589,000 after acquiring an additional 2,423 shares during the last quarter. Marks Group Wealth Management Inc grew its position in Trane Technologies by 5.3% during the 2nd quarter. Marks Group Wealth Management Inc now owns 1,763 shares of the company’s stock worth $771,000 after acquiring an additional 88 shares during the last quarter. Woodmont Investment Counsel LLC bought a new position in Trane Technologies in the 2nd quarter valued at $229,000. Grimes & Company Inc. boosted its position in Trane Technologies by 0.6% in the 2nd quarter. Grimes & Company Inc. now owns 4,531 shares of the company’s stock valued at $1,982,000 after buying an additional 27 shares during the last quarter. Finally, Merit Financial Group LLC boosted its position in Trane Technologies by 10.6% in the 2nd quarter. Merit Financial Group LLC now owns 7,572 shares of the company’s stock valued at $3,312,000 after buying an additional 724 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Down 0.4%

NYSE:TT opened at $422.93 on Wednesday. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $94.11 billion, a P/E ratio of 33.54, a P/E/G ratio of 2.64 and a beta of 1.12. The stock’s fifty day simple moving average is $419.60 and its 200-day simple moving average is $407.75.

Trane Technologies (NYSE:TT) last posted its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.09. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Royal Bank Of Canada increased their price objective on Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. 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. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and increased their price objective for the company from $415.00 to $460.00 in a research report on Thursday, July 31st. Morgan Stanley increased their price objective on Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, Barclays decreased their price objective on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 16th. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $457.73.

Insiders Place Their Bets

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the transaction, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies 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.