Confluence Wealth Services Inc. Boosts Stake in Trane Technologies plc $TT

Confluence Wealth Services Inc. lifted its position in Trane Technologies plc (NYSE:TT) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,609 shares of the company’s stock after acquiring an additional 25 shares during the period. Confluence Wealth Services Inc.’s holdings in Trane Technologies were worth $1,579,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TT. Valley National Advisers Inc. raised its position in shares of Trane Technologies by 3.6% in the 2nd quarter. Valley National Advisers Inc. now owns 1,965 shares of the company’s stock worth $859,000 after purchasing an additional 68 shares during the last quarter. Appleton Partners Inc. MA boosted its position in Trane Technologies by 20.3% in the second quarter. Appleton Partners Inc. MA now owns 1,809 shares of the company’s stock worth $791,000 after purchasing an additional 305 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in Trane Technologies by 3.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,071 shares of the company’s stock worth $906,000 after purchasing an additional 73 shares during the period. DAVENPORT & Co LLC grew its stake in shares of Trane Technologies by 1.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 219,102 shares of the company’s stock valued at $95,589,000 after acquiring an additional 2,423 shares during the period. Finally, Marks Group Wealth Management Inc increased its stake in shares of Trane Technologies by 5.3% in the second quarter. Marks Group Wealth Management Inc now owns 1,763 shares of the company’s stock worth $771,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Up 0.2%

Trane Technologies stock opened at $424.29 on Monday. The business’s 50-day simple moving average is $421.53 and its two-hundred day simple moving average is $407.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The company has a market cap of $94.41 billion, a PE ratio of 33.65, a PEG ratio of 2.63 and a beta of 1.12. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18.

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

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of the company’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 sale, the chief executive officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird lifted their target price on Trane Technologies from $396.00 to $450.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Wells Fargo & Company raised their price target on Trane Technologies from $370.00 to $410.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 1st. Morgan Stanley upped 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. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research report on Saturday, September 27th. Finally, Northcoast Research downgraded shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, August 1st. 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. Based on data from MarketBeat, Trane Technologies has a consensus rating of “Hold” and an average target price of $457.40.

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.