Comprehensive Financial Consultants Institutional Inc. Decreases Holdings in Trane Technologies plc $TT

Comprehensive Financial Consultants Institutional Inc. cut its holdings in shares of Trane Technologies plc (NYSE:TT) by 20.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,315 shares of the company’s stock after selling 1,628 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Trane Technologies were worth $2,762,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after acquiring an additional 2,323 shares during the last quarter. NBC Securities Inc. bought a new stake in Trane Technologies during the first quarter worth approximately $39,000. Procyon Advisors LLC raised its holdings in Trane Technologies by 29.0% during the first quarter. Procyon Advisors LLC now owns 1,299 shares of the company’s stock worth $438,000 after purchasing an additional 292 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of Trane Technologies by 30.0% during the 1st quarter. SeaCrest Wealth Management LLC now owns 1,708 shares of the company’s stock valued at $575,000 after acquiring an additional 394 shares during the last quarter. Finally, Radnor Capital Management LLC lifted its position in shares of Trane Technologies by 14.8% during the 1st quarter. Radnor Capital Management LLC now owns 1,131 shares of the company’s stock valued at $381,000 after acquiring an additional 146 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the completion of the sale, the chief executive officer directly owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TT. Northcoast Research downgraded shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Robert W. Baird upped their price objective on shares of Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Wells Fargo & Company upped their price target on shares of Trane Technologies from $370.00 to $410.00 and gave the company an “underweight” rating in a report on Tuesday, July 1st. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and increased their target price for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research report on Saturday, September 27th. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies presently has an average rating of “Hold” and an average target price of $457.40.

Trane Technologies Stock Up 0.2%

Shares of TT stock opened at $424.29 on Monday. The firm has a market capitalization of $94.41 billion, a P/E ratio of 33.65, a PEG ratio of 2.63 and a beta of 1.12. The firm’s fifty day moving average price is $421.53 and its two-hundred day moving average price is $407.10. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.

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

About Trane Technologies

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.