NEOS Investment Management LLC Has $17.53 Million Stock Position in Trane Technologies plc $TT

NEOS Investment Management LLC boosted its holdings in Trane Technologies plc (NYSE:TT) by 14.8% in the second quarter, HoldingsChannel reports. The firm owned 35,682 shares of the company’s stock after purchasing an additional 4,608 shares during the period. NEOS Investment Management LLC’s holdings in Trane Technologies were worth $17,526,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Bell Investment Advisors Inc boosted its position in shares of Trane Technologies by 12.2% during the 1st quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock worth $85,000 after purchasing an additional 22 shares in the last quarter. Fiduciary Family Office LLC raised its stake in Trane Technologies by 1.5% during the 4th quarter. Fiduciary Family Office LLC now owns 1,573 shares of the company’s stock worth $612,000 after buying an additional 23 shares during the period. Foster Dykema Cabot & Partners LLC boosted its holdings in Trane Technologies by 10.6% in the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 239 shares of the company’s stock worth $93,000 after acquiring an additional 23 shares in the last quarter. Bridges Investment Management Inc. grew its stake in Trane Technologies by 1.6% in the fourth quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock valued at $600,000 after acquiring an additional 24 shares during the period. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Trane Technologies by 14.5% during the first quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock valued at $79,000 after acquiring an additional 24 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

TT has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Wall Street Zen cut shares of Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Royal Bank Of Canada decreased their target price on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Weiss Ratings downgraded Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Finally, Citigroup decreased their price target on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $521.50.

Insider Buying and Selling

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

Trane Technologies Stock Performance

Shares of TT opened at $448.76 on Friday. The firm has a market cap of $98.74 billion, a PE ratio of 34.00, a PEG ratio of 2.13 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. The stock’s fifty day moving average price is $468.65 and its two-hundred day moving average price is $460.62. Trane Technologies plc has a 1 year low of $348.06 and a 1 year high of $505.87.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating analysts’ consensus estimates of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the prior year, the company posted $3.88 EPS. Trane Technologies’s revenue was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, equities research analysts forecast that Trane Technologies plc will post 15.31 EPS for the current year.

About Trane Technologies

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.