Brighton Jones LLC Sells 192 Shares of Trane Technologies plc (NYSE:TT)

Brighton Jones LLC lowered its holdings in Trane Technologies plc (NYSE:TT) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,126 shares of the company’s stock after selling 192 shares during the quarter. Brighton Jones LLC’s holdings in Trane Technologies were worth $1,357,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aveo Capital Partners LLC grew its stake in Trane Technologies by 4.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,322 shares of the company’s stock worth $322,000 after buying an additional 57 shares during the last quarter. 9258 Wealth Management LLC grew its stake in Trane Technologies by 17.5% during the fourth quarter. 9258 Wealth Management LLC now owns 3,652 shares of the company’s stock worth $891,000 after buying an additional 545 shares during the last quarter. D.A. Davidson & CO. grew its stake in Trane Technologies by 14.9% during the fourth quarter. D.A. Davidson & CO. now owns 6,377 shares of the company’s stock worth $1,555,000 after buying an additional 827 shares during the last quarter. Trexquant Investment LP grew its stake in Trane Technologies by 287.4% during the fourth quarter. Trexquant Investment LP now owns 7,086 shares of the company’s stock worth $1,728,000 after buying an additional 5,257 shares during the last quarter. Finally, Assetmark Inc. grew its stake in Trane Technologies by 7.7% during the fourth quarter. Assetmark Inc. now owns 19,402 shares of the company’s stock worth $4,732,000 after buying an additional 1,394 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Trading Up 0.9 %

Shares of NYSE TT opened at $384.93 on Friday. The company’s 50 day simple moving average is $344.77 and its 200 day simple moving average is $325.45. Trane Technologies plc has a fifty-two week low of $184.02 and a fifty-two week high of $387.71. The firm has a market capitalization 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 has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.84.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data 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 business had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.13 billion. During the same period in the prior year, the business posted $2.68 earnings per share. Trane Technologies’s revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that Trane Technologies plc will post 10.87 EPS for the current year.

Insider Buying and Selling at Trane Technologies

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

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Stephens reaffirmed an “equal weight” rating and set a $350.00 price objective on shares of Trane Technologies in a research note on Monday, August 5th. Wells Fargo & Company upped their target price on shares of Trane Technologies from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Barclays upped their target price on shares of Trane Technologies from $385.00 to $394.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. UBS Group upped their target price on shares of Trane Technologies from $330.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. Finally, Morgan Stanley assumed coverage on shares of Trane Technologies in a research report on Friday, September 6th. They set an “overweight” rating and a $425.00 target price on the stock. One investment 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, Trane Technologies has an average rating of “Hold” and an average price target of $343.54.

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.