Trane Technologies plc (NYSE:TT) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC raised its holdings in Trane Technologies plc (NYSE:TT) by 42,436.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,679 shares of the company’s stock after buying an additional 4,668 shares during the period. Frank Rimerman Advisors LLC’s holdings in Trane Technologies were worth $1,539,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC lifted its stake in Trane Technologies by 5.1% during the second quarter. ProShare Advisors LLC now owns 36,730 shares of the company’s stock worth $12,082,000 after purchasing an additional 1,790 shares during the last quarter. Kowal Investment Group LLC grew its stake in Trane Technologies by 6.0% during the 2nd quarter. Kowal Investment Group LLC now owns 813 shares of the company’s stock worth $267,000 after buying an additional 46 shares during the last quarter. Summit Trail Advisors LLC increased its position in Trane Technologies by 1.8% during the second quarter. Summit Trail Advisors LLC now owns 3,979 shares of the company’s stock worth $1,309,000 after buying an additional 69 shares during the period. Capstone Triton Financial Group LLC lifted its stake in Trane Technologies by 7.5% in the second quarter. Capstone Triton Financial Group LLC now owns 3,854 shares of the company’s stock valued at $1,268,000 after buying an additional 270 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Trane Technologies by 3.2% in the second quarter. Sei Investments Co. now owns 316,015 shares of the company’s stock valued at $103,950,000 after acquiring an additional 9,850 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank of Canada increased their price target on shares of Trane Technologies from $334.00 to $350.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. Robert W. Baird boosted their price target on Trane Technologies from $360.00 to $365.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company increased their price objective on Trane Technologies from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Morgan Stanley assumed coverage on Trane Technologies in a report on Friday, September 6th. They issued an “overweight” rating and a $425.00 target price on the stock. Finally, UBS Group lifted their price objective on shares of Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $343.54.

Trane Technologies Stock Up 0.9 %

TT stock opened at $384.93 on Monday. Trane Technologies plc has a 52 week low of $184.02 and a 52 week high of $387.71. The company has a market cap of $87.13 billion, a P/E ratio of 41.13, a P/E/G ratio of 2.45 and a beta of 1.01. The company’s 50-day moving average price is $344.77 and its 200 day moving average price is $326.02. 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 (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. Trane Technologies had a net margin of 12.33% and a return on equity of 33.97%. The firm had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same period last year, the firm posted $2.68 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, research analysts expect that Trane Technologies plc will post 10.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Trane Technologies news, CEO David S. Regnery sold 29,450 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the sale, the chief executive officer now owns 132,946 shares in the company, valued at approximately $42,708,902.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Raymond D. Pittard sold 1,805 shares of the business’s stock in a transaction dated 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 owns 83,517 shares of the company’s stock, valued at approximately $27,447,862.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David S. Regnery sold 29,450 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total transaction of $9,460,812.50. Following the sale, the chief executive officer now directly owns 132,946 shares in the company, valued at $42,708,902.50. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Trane Technologies Company 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.