Trane Technologies plc (NYSE:TT) Shares Bought by Wealthspire Advisors LLC

Wealthspire Advisors LLC grew its stake in Trane Technologies plc (NYSE:TT) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,002 shares of the company’s stock after buying an additional 39 shares during the quarter. Wealthspire Advisors LLC’s holdings in Trane Technologies were worth $987,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. William Blair Investment Management LLC boosted its holdings in Trane Technologies by 4.5% during the second quarter. William Blair Investment Management LLC now owns 146,606 shares of the company’s stock worth $48,223,000 after buying an additional 6,375 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Trane Technologies by 16.4% during the 2nd quarter. Parallel Advisors LLC now owns 2,468 shares of the company’s stock worth $812,000 after acquiring an additional 348 shares in the last quarter. LWM Advisory Services LLC grew its position in shares of Trane Technologies by 40.5% during the 2nd quarter. LWM Advisory Services LLC now owns 1,180 shares of the company’s stock valued at $388,000 after acquiring an additional 340 shares during the period. CoreCap Advisors LLC purchased a new position in shares of Trane Technologies in the 2nd quarter valued at about $455,000. Finally, Valley Wealth Managers Inc. acquired a new position in Trane Technologies in the 2nd quarter worth about $51,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TT shares. Morgan Stanley initiated coverage on Trane Technologies in a research report on Friday, September 6th. They issued an “overweight” rating and a $425.00 price objective for the company. Wells Fargo & Company boosted their price target on shares of Trane Technologies from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. UBS Group increased their price objective on shares of Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a report on Monday, June 3rd. Barclays boosted their target price on shares of Trane Technologies from $385.00 to $394.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Stephens reaffirmed an “equal weight” rating and issued a $350.00 price target on shares of Trane Technologies in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Trane Technologies presently has a consensus rating of “Hold” and an average target price of $343.54.

Trane Technologies Trading Up 1.3 %

Shares of TT stock opened at $364.23 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.84 and a debt-to-equity ratio of 0.62. Trane Technologies plc has a twelve month low of $184.02 and a twelve month high of $366.21. The company’s 50-day moving average price is $341.06 and its 200-day moving average price is $322.81. The stock has a market cap of $82.44 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 2.45 and a beta of 1.01.

Trane Technologies (NYSE:TT) last posted its earnings results on Wednesday, July 31st. The company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.22. The company had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.13 billion. Trane Technologies had a net margin of 12.33% and a return on equity of 33.97%. Trane Technologies’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.68 EPS. As a group, equities analysts predict that Trane Technologies plc will post 10.87 earnings per share for the current year.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 29,450 shares of Trane Technologies stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total value of $9,460,812.50. Following the sale, the chief executive officer now owns 132,946 shares in the company, valued at $42,708,902.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO David S. Regnery sold 29,450 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total value of $9,460,812.50. Following the sale, the chief executive officer now directly owns 132,946 shares in the company, valued at approximately $42,708,902.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raymond D. Pittard sold 1,805 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $328.65, for a total value of $593,213.25. Following the completion of the transaction, the executive vice president now directly owns 83,517 shares in the company, valued at approximately $27,447,862.05. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

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.