Sun Sep 15 13:49:38 UTC 2024: ## Trane Technologies Sees Mixed Activity from Hedge Funds and Insider Sales

**New York, NY** – Trane Technologies plc (NYSE:TT) saw a mixed bag of activity from hedge funds and insiders in recent months, according to regulatory filings. While some funds increased their holdings, Johnson Investment Counsel Inc. notably reduced its stake by 16.2% in the second quarter.

**Hedge Fund Activity:**

* **Johnson Investment Counsel Inc.** sold 250 shares, decreasing its holding to 1,290 shares valued at $424,000.
* **PFG Private Wealth Management LLC** increased its stake by 4.7%, adding 32 shares to reach a total of 706 shares worth $232,000.
* **Center for Financial Planning Inc.** lifted its holdings by 1.7% in the first quarter, acquiring 34 shares for a total of 2,080 shares valued at $624,000.
* **Muirfield Wealth Advisors LLC** boosted its stake by 4.1% in the second quarter, purchasing 37 shares to reach a total of 939 shares worth $309,000.
* **Pure Financial Advisors LLC** increased its holdings by 5.2% in the second quarter, adding 38 shares to reach a total of 765 shares valued at $252,000.
* **Simmons Bank** also raised its stake by 5.6% in the second quarter, acquiring 38 shares for a total of 718 shares worth $236,000.

**Insider Transactions:**

* **EVP Raymond D. Pittard** sold 1,805 shares on August 7th at an average price of $328.65, totaling $593,213.25. He now owns 83,517 shares worth $27,447,862.05.
* **CEO David S. Regnery** sold 29,450 shares on August 6th at an average price of $321.25, totaling $9,460,812.50. He now owns 132,946 shares worth $42,708,902.50.

**Earnings and Analyst Opinions:**

Trane Technologies exceeded analysts’ expectations in the second quarter, reporting earnings per share of $3.30, exceeding the consensus estimate of $3.08. Revenue also surpassed expectations, reaching $5.31 billion versus an estimated $5.13 billion.

While several analysts have upgraded their price targets, opinions on the company remain mixed. One analyst rated the stock as a sell, seven gave it a hold rating, and six issued a buy rating. The average target price is $337.29.

**Overall:**

Trane Technologies continues to see strong financial performance, but the mixed activity from hedge funds and insider sales suggests some uncertainty about the company’s future prospects. Investors will be closely watching for further developments in the coming months.

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