25,241 Shares in Trane Technologies plc (NYSE:TT) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in Trane Technologies plc (NYSE:TT) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,241 shares of the company’s stock, valued at approximately $7,687,000.

Several other institutional investors also recently modified their holdings of TT. PFG Private Wealth Management LLC boosted its stake in Trane Technologies by 4.7% in the second quarter. PFG Private Wealth Management LLC now owns 706 shares of the company’s stock worth $232,000 after buying an additional 32 shares in the last quarter. Bell Investment Advisors Inc boosted its stake in Trane Technologies by 26.5% in the second quarter. Bell Investment Advisors Inc now owns 167 shares of the company’s stock worth $55,000 after buying an additional 35 shares in the last quarter. Muirfield Wealth Advisors LLC boosted its stake in Trane Technologies by 4.1% in the second quarter. Muirfield Wealth Advisors LLC now owns 939 shares of the company’s stock worth $309,000 after buying an additional 37 shares in the last quarter. Pure Financial Advisors LLC boosted its stake in Trane Technologies by 5.2% in the second quarter. Pure Financial Advisors LLC now owns 765 shares of the company’s stock worth $252,000 after buying an additional 38 shares in the last quarter. Finally, Simmons Bank boosted its stake in Trane Technologies by 5.6% in the second quarter. Simmons Bank now owns 718 shares of the company’s stock worth $236,000 after buying an additional 38 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the stock in a transaction on Wednesday, August 7th. The stock was 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 in the company, valued at approximately $27,447,862.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Trane Technologies news, EVP Raymond D. Pittard sold 1,805 shares of the stock in a transaction on Wednesday, August 7th. The stock was 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 in the company, valued at approximately $27,447,862.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $9,460,812.50. Following the completion of the transaction, the chief executive officer now owns 132,946 shares of the company’s stock, valued at approximately $42,708,902.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

Trane Technologies Stock Performance

Shares of TT stock opened at $388.45 on Friday. The stock has a fifty day moving average of $355.12 and a 200 day moving average of $332.35. Trane Technologies plc has a 52 week low of $184.02 and a 52 week high of $391.94. The firm has a market capitalization of $87.93 billion, a price-to-earnings ratio of 41.50, a PEG ratio of 2.68 and a beta of 1.01. The company has a quick ratio of 0.84, a current ratio of 1.17 and a debt-to-equity ratio of 0.62.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.13 billion. During the same quarter last year, the firm posted $2.68 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. As a group, research analysts expect that Trane Technologies plc will post 10.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TT shares. Robert W. Baird upped their target price on Trane Technologies from $360.00 to $365.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Royal Bank of Canada increased their price objective 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. Morgan Stanley started coverage on Trane Technologies in a research note on Friday, September 6th. They set an “overweight” rating and a $425.00 price objective for the company. Wells Fargo & Company increased their price objective on Trane Technologies from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. Finally, Stephens reissued an “equal weight” rating and set a $350.00 price objective on shares of Trane Technologies in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $345.92.

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.