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

NEOS Investment Management LLC raised its position in shares of Trane Technologies plc (NYSE:TT) by 14.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tucker Asset Management LLC acquired a new position in Trane Technologies during the fourth quarter worth about $25,000. Wilkerson Advisory Group LLC increased its position in Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock worth $25,000 after purchasing an additional 34 shares in the last quarter. JPL Wealth Management LLC bought a new position in Trane Technologies in the 3rd quarter valued at approximately $32,000. Hilton Head Capital Partners LLC bought a new position in Trane Technologies in the 4th quarter valued at approximately $32,000. Finally, Elevation Wealth Partners LLC boosted its position in Trane Technologies by 153.8% in the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TT shares. JPMorgan Chase & Co. upped their price target on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Royal Bank Of Canada cut their price objective on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a report on Friday, July 31st. Wall Street Zen cut Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Sanford C. Bernstein increased their target price on Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Citigroup cut their price target on Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $521.50.

Trane Technologies Trading Up 0.8%

NYSE TT opened at $448.76 on Friday. The firm has a market capitalization of $98.74 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19. The business’s 50-day moving average price is $468.65 and its two-hundred day moving average price is $460.62. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the company earned $3.88 earnings per share. The firm’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, analysts expect that Trane Technologies plc will post 15.31 EPS for the current year.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David Regnery sold 43,778 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were 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 in the company, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Trane Technologies Company 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.