Junto Capital Management LP Invests $113.80 Million in Trane Technologies plc $TT

Junto Capital Management LP purchased a new position in shares of Trane Technologies plc (NYSE:TT) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 231,691 shares of the company’s stock, valued at approximately $113,797,000. Trane Technologies accounts for 2.0% of Junto Capital Management LP’s holdings, making the stock its 14th biggest position.

Several other large investors have also recently added to or reduced their stakes in the stock. Tucker Asset Management LLC acquired a new stake in shares of Trane Technologies during the 4th quarter valued at $25,000. Wilkerson Advisory Group LLC increased its stake in shares of Trane Technologies by 136.0% in the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock worth $25,000 after acquiring an additional 34 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Trane Technologies during the fourth quarter worth $32,000. Elevation Wealth Partners LLC raised its holdings in shares of Trane Technologies by 153.8% during the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock worth $32,000 after acquiring an additional 40 shares in the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in Trane Technologies during the third quarter valued at $32,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Down 0.3%

TT opened at $444.87 on Thursday. The firm has a market cap of $97.88 billion, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. The business has a 50 day moving average price of $466.33 and a 200 day moving average price of $460.22. Trane Technologies plc has a twelve month low of $348.06 and a twelve month 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 the consensus estimate of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the company posted $3.88 earnings per share. The company’s revenue for the quarter 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. Research analysts forecast that Trane Technologies plc will post 15.31 EPS for the current year.

Insider Buying and Selling

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

Analysts Set New Price Targets

TT has been the topic of several research reports. Weiss Ratings lowered Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. Sanford C. Bernstein lifted their price target on Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, August 14th. JPMorgan Chase & Co. increased their price objective 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 lowered shares of Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Finally, Citigroup reduced their target price on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $521.50.

Trane Technologies Company 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.