Trane Technologies plc (NYSE:TT) Stock Holdings Lifted by Capstone Triton Financial Group LLC

Capstone Triton Financial Group LLC lifted its position in Trane Technologies plc (NYSE:TT) by 7.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,854 shares of the company’s stock after acquiring an additional 270 shares during the quarter. Capstone Triton Financial Group LLC’s holdings in Trane Technologies were worth $1,268,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its position in Trane Technologies by 3.2% during the 2nd quarter. Sei Investments Co. now owns 316,015 shares of the company’s stock worth $103,950,000 after acquiring an additional 9,850 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Trane Technologies by 3.3% during the second quarter. Pacer Advisors Inc. now owns 18,415 shares of the company’s stock worth $6,057,000 after purchasing an additional 583 shares during the period. Bridges Investment Management Inc. grew its position in Trane Technologies by 100.0% during the second quarter. Bridges Investment Management Inc. now owns 1,600 shares of the company’s stock valued at $526,000 after purchasing an additional 800 shares in the last quarter. Callan Capital LLC increased its stake in Trane Technologies by 3.1% in the 2nd quarter. Callan Capital LLC now owns 1,777 shares of the company’s stock valued at $585,000 after buying an additional 53 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in Trane Technologies by 13.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 159,547 shares of the company’s stock worth $52,480,000 after buying an additional 18,933 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TT. Barclays boosted their price target on shares of Trane Technologies from $385.00 to $394.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Wells Fargo & Company raised their price target on Trane Technologies from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Royal Bank of Canada boosted their price target on Trane Technologies from $334.00 to $350.00 and gave the company a “sector perform” rating in a research note on Thursday, August 1st. Robert W. Baird raised their price objective on shares of Trane Technologies from $360.00 to $365.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, UBS Group lifted their target price on shares of Trane Technologies from $330.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and an average target price of $343.54.

Trane Technologies Stock Performance

NYSE:TT opened at $384.93 on Friday. The firm has a market capitalization of $87.13 billion, a PE ratio of 41.13, a PEG ratio of 2.45 and a beta of 1.01. Trane Technologies plc has a 1 year low of $184.02 and a 1 year high of $387.71. The company has a current ratio of 1.17, a quick ratio of 0.84 and a debt-to-equity ratio of 0.62. The firm’s fifty day simple moving average is $344.77 and its 200 day simple moving average is $325.45.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.22. Trane Technologies had a return on equity of 33.97% and a net margin of 12.33%. The company had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.13 billion. During the same period last year, the business posted $2.68 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Trane Technologies plc will post 10.87 EPS for the current year.

Insiders Place Their Bets

In other news, CEO David S. Regnery sold 29,450 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was 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 directly owns 132,946 shares of the company’s stock, valued at $42,708,902.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Raymond D. Pittard sold 1,805 shares of Trane Technologies stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $328.65, for a total transaction of $593,213.25. Following the sale, the executive vice president now directly owns 83,517 shares of the company’s stock, valued at $27,447,862.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction, 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. Company insiders own 0.38% of the company’s stock.

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.