Valley National Advisers Inc. Purchases 68 Shares of Trane Technologies plc $TT

Valley National Advisers Inc. increased its position in shares of Trane Technologies plc (NYSE:TT) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,965 shares of the company’s stock after buying an additional 68 shares during the period. Valley National Advisers Inc.’s holdings in Trane Technologies were worth $859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in TT. WFA Asset Management Corp boosted its position in Trane Technologies by 208.3% during the first quarter. WFA Asset Management Corp now owns 74 shares of the company’s stock worth $25,000 after purchasing an additional 50 shares during the period. Ameriflex Group Inc. bought a new position in shares of Trane Technologies in the second quarter worth $28,000. Saudi Central Bank acquired a new position in shares of Trane Technologies in the 1st quarter valued at approximately $30,000. Opal Wealth Advisors LLC acquired a new position in Trane Technologies during the first quarter valued at approximately $31,000. Finally, Bogart Wealth LLC lifted its position in shares of Trane Technologies by 97.9% during the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company’s stock worth $31,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Morgan Stanley boosted their target price on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Barclays decreased their price target on shares of Trane Technologies from $495.00 to $485.00 and set an “overweight” rating on the stock in a report on Tuesday, September 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research note on Saturday, September 27th. UBS Group boosted their target price on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Northcoast Research cut Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $457.40.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $424.29 on Monday. The stock has a market cap of $94.41 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 2.63 and a beta of 1.12. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The company’s fifty day moving average is $421.53 and its 200 day moving average is $407.10. The company has a quick ratio of 0.76, a current ratio of 1.10 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.09. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period last year, the company earned $3.30 EPS. Trane Technologies’s revenue for the quarter was up 7.6% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Sell-side analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

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.