Trane Technologies plc $TT Shares Purchased by Impact Capital Partners LLC

Impact Capital Partners LLC boosted its position in Trane Technologies plc (NYSE:TT) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,918 shares of the company’s stock after purchasing an additional 80 shares during the quarter. Impact Capital Partners LLC’s holdings in Trane Technologies were worth $1,276,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Childress Capital Advisors LLC raised its stake in Trane Technologies by 4.9% in the 2nd quarter. Childress Capital Advisors LLC now owns 1,147 shares of the company’s stock valued at $502,000 after purchasing an additional 54 shares during the last quarter. Consolidated Portfolio Review Corp raised its stake in Trane Technologies by 78.4% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 1,115 shares of the company’s stock valued at $488,000 after purchasing an additional 490 shares during the last quarter. TABR Capital Management LLC acquired a new position in Trane Technologies in the 2nd quarter valued at $238,000. LBP AM SA raised its stake in Trane Technologies by 197.6% in the 2nd quarter. LBP AM SA now owns 22,719 shares of the company’s stock valued at $9,938,000 after purchasing an additional 15,084 shares during the last quarter. Finally, PGGM Investments raised its stake in Trane Technologies by 93.3% in the 2nd quarter. PGGM Investments now owns 131,114 shares of the company’s stock valued at $57,351,000 after purchasing an additional 63,282 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Stock Performance

NYSE TT opened at $422.53 on Wednesday. The stock has a market cap of $94.02 billion, a PE ratio of 33.51, a P/E/G ratio of 2.57 and a beta of 1.10. 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 plc has a twelve month low of $298.15 and a twelve month high of $476.18. The stock has a fifty day simple moving average of $423.94 and a 200-day simple moving average of $405.12.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $5.77 billion. During the same period in the prior year, the business posted $3.30 EPS. The company’s revenue 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. Equities analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on TT. Barclays reduced their price objective on Trane Technologies from $495.00 to $485.00 and set an “overweight” rating for the company in a research note on Tuesday, September 16th. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and raised their target price for the stock from $415.00 to $460.00 in a research note on Thursday, July 31st. Citigroup cut their target price on Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Wells Fargo & Company raised their target price on Trane Technologies from $370.00 to $410.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 1st. Finally, Northcoast Research downgraded Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and an average price target of $457.40.

Insider Buying and Selling

In related news, CEO David S. Regnery sold 22,497 shares of the firm’s 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 completion of the transaction, the chief executive officer directly owned 123,713 shares in the company, valued at $50,722,330. This trade represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is 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.