Drystone LLC Has $15.93 Million Stock Holdings in Trane Technologies plc $TT

Drystone LLC decreased its position in Trane Technologies plc (NYSE:TT) by 5.1% during the second quarter, HoldingsChannel.com reports. The firm owned 32,433 shares of the company’s stock after selling 1,740 shares during the quarter. Trane Technologies makes up approximately 13.1% of Drystone LLC’s holdings, making the stock its 2nd largest holding. Drystone LLC’s holdings in Trane Technologies were worth $15,930,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Trane Technologies in the fourth quarter worth about $1,163,124,000. Capital International Investors purchased a new stake in shares of Trane Technologies during the fourth quarter valued at approximately $324,639,000. Amundi increased its position in shares of Trane Technologies by 47.8% during the first quarter. Amundi now owns 2,174,396 shares of the company’s stock valued at $906,158,000 after acquiring an additional 703,018 shares in the last quarter. First Trust Advisors LP raised its holdings in Trane Technologies by 536.6% in the 1st quarter. First Trust Advisors LP now owns 532,138 shares of the company’s stock worth $221,763,000 after acquiring an additional 448,547 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Trane Technologies by 215.9% in the 1st quarter. Hsbc Holdings PLC now owns 653,423 shares of the company’s stock worth $271,950,000 after acquiring an additional 446,598 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TT has been the topic of several recent analyst reports. Royal Bank Of Canada cut their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. Weiss Ratings cut Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Sanford C. Bernstein upped 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. Wall Street Zen cut Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Finally, Citigroup reduced their price objective 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 analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $521.50.

Insider Activity at Trane Technologies

In related news, CEO David Regnery sold 43,778 shares of the company’s stock in a transaction on 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 sale, the chief executive officer owned 96,950 shares in the company, valued at approximately $46,051,250. This represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

Trane Technologies Stock Up 0.8%

Shares of Trane Technologies stock opened at $448.76 on Friday. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $505.87. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $468.65 and its 200 day moving average is $460.62. The company has a market cap of $98.74 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19.

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

Trane Technologies Profile

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.