Sequoia Financial Advisors LLC Acquires 1,858 Shares of Trane Technologies plc $TT

Sequoia Financial Advisors LLC raised its holdings in Trane Technologies plc (NYSE:TT) by 24.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,530 shares of the company’s stock after purchasing an additional 1,858 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Trane Technologies were worth $4,681,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. SEB Asset Management AB acquired a new position in Trane Technologies during the 1st quarter worth approximately $47,195,000. North Dakota State Investment Board acquired a new stake in Trane Technologies in the fourth quarter valued at approximately $2,976,000. Nicholson Wealth Management Group LLC acquired a new stake in Trane Technologies in the first quarter valued at approximately $1,644,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Trane Technologies by 54.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,153 shares of the company’s stock worth $41,321,000 after buying an additional 34,930 shares during the last quarter. Finally, Rathbones Group PLC grew its stake in shares of Trane Technologies by 3.6% during the fourth quarter. Rathbones Group PLC now owns 68,570 shares of the company’s stock worth $26,687,000 after buying an additional 2,375 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Price Performance

TT stock opened at $442.83 on Friday. The company has a market capitalization of $97.43 billion, a P/E ratio of 33.55, a PEG ratio of 2.11 and a beta of 1.19. The company has a fifty day moving average price of $464.88 and a 200-day moving average price of $459.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. Trane Technologies plc has a 52-week low of $348.06 and a 52-week high of $505.87.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, topping the consensus estimate of $4.27 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. Trane Technologies’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, equities analysts expect that Trane Technologies plc will post 15.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank Of Canada dropped their price target on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research note on Friday, July 31st. Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Sanford C. Bernstein upped their target price on Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Weiss Ratings upgraded Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Finally, Citigroup cut their price target on Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $521.50.

Insider Buying and Selling

In other Trane Technologies news, CEO David Regnery sold 43,778 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the sale, the chief executive officer owned 96,950 shares in the company, valued at approximately $46,051,250. The trade was a 31.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Trane Technologies Profile

Trane Technologies plc is a global climate-focused company that designs, manufactures and services solutions for heating, ventilation and air conditioning (HVAC), as well as transport refrigeration. Its offerings include commercial and residential HVAC systems, building controls, energy-efficiency solutions, aftermarket services and parts, and related building-management technologies.

The company also serves the transportation market through refrigeration and temperature-control systems for trucks, trailers, rail cars and other applications.