Trane Technologies plc (NYSE:TT) shares sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. cut its holdings in Trane Technologies plc (NYSE:TT – Free Report) by 16.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,290 shares of the company’s stock after selling 250 shares during the quarter. Holdings of Johnson Investment Counsel Inc. in Trane Technologies were worth $424,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. PFG Private Wealth Management LLC boosted its holdings in shares of Trane Technologies by 4.7% in the second quarter. PFG Private Wealth Management LLC now owns 706 shares of the company’s stock valued at $232,000 after purchasing an additional 32 shares during the period. Center for Financial Planning Inc. boosted its holdings in shares of Trane Technologies by 1.7% in the first quarter. Center for Financial Planning Inc. now owns 2,080 shares of the company’s stock valued at $624,000 after purchasing an additional 34 shares during the period. Muirfield Wealth Advisors LLC boosted its holdings in shares of Trane Technologies by 4.1% in the second quarter. Muirfield Wealth Advisors LLC now owns 939 shares of the company’s stock valued at $309,000 after purchasing an additional 37 shares during the period. Pure Financial Advisors LLC boosted its holdings in shares of Trane Technologies by 5.2% in the second quarter. Pure Financial Advisors LLC now owns 765 shares of the company’s stock valued at $252,000 after purchasing an additional 38 shares during the period. Finally, Simmons Bank boosted its holdings in Trane Technologies by 5.6% during the second quarter. Simmons Bank now owns 718 shares of the company’s stock worth $236,000 after buying an additional 38 shares during the last quarter. 82.97% of shares are owned by institutional investors and hedge funds.

Indoor activity

In other 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 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 filing with the SEC, which is available on the SEC’s website. In other Trane Technologies news, CEO David S. Regnery sold 29,450 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $321.25, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available via this hyperlink. Also, 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 sale, the executive vice president now directly owns 83,517 shares of the company’s stock, valued at approximately $27,447,862.05. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s shares.

Trane Technologies stock performance

NYSE TT opened at $364.23 on Friday. The stock has a market cap of $82.44 billion, a price-to-earnings ratio of 38.91, a price-to-earnings-growth ratio of 2.45 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 plc has a fifty-two week low of $184.02 and a fifty-two week high of $366.21. The company has a fifty day moving average of $341.06 and a 200 day moving average of $322.54.

Trane Technologies (NYSE:TT – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.22. The company had revenue of $5.31 billion during the quarter, compared to the consensus estimate of $5.13 billion. Trane Technologies had a return on equity of 33.97% and a net margin of 12.33%. The company’s revenue for the quarter was up 12.8% year over year. In the same quarter last year, the company earned $2.68 per share. As a group, analysts forecast that Trane Technologies plc will post 10.87 earnings per share for the current fiscal year.

Analysts set new price targets

Several brokerages have recently issued reports on TT. Robert W. Baird lifted their price objective on Trane Technologies from $360.00 to $365.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Morgan Stanley began coverage on Trane Technologies in a report on Friday, September 6th. They set an “overweight” rating and a $425.00 price objective for the company. Barclays lifted their price objective on Trane Technologies from $385.00 to $394.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Stephens reaffirmed an “equal weight” rating and set a $350.00 price objective on shares of Trane Technologies in a report on Monday, August 5th. Finally, UBS Group lifted their price objective on Trane Technologies from $330.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Trane Technologies has an average rating of “Hold” and an average target price of $337.29.

Check out the latest stock report on TT

About Trane Technologies

(Free Report)

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells and services heating, ventilation, air conditioning, bespoke and bespoke refrigeration and transport solutions in Ireland and internationally. It offers air conditioners, exchangers and manipulators; airside and terminal devices; air-based heat pumps, auxiliary power units; coolers; coils and capacitors; generator sets; dehumidifiers; without pipes; ovens; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unit products; refrigerant recovery products; thermostats/controls; heating products for transport; products with variable refrigerant flow; and water heat pumps.

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