Several investment bodies have shown a growing interest in
Trane Technologies Plc (TT).
Gradient Investments LLC and
Swedbank AB are among the numerous establishments which purchased significant shares in TT. On the other hand,
Wealth Enhancement Advisory Services LLC and
PGGM increased their existing stakes in Trane Technologies. However,
Meyer Handelman Co. and
Lazard Asset Management LLC decreased their holdings while
Executive Vice President Raymond Pittard and
Executive Vice President Paul Camuti sold portions of their shares. Trane Technologies' financial performance in Q2 stood out, with its earnings beating estimates and a year-on-year improvement. The company also raised its revenue and EPS guidance for 2024. Despite the positive financial metrics, the company’s stock has consistently underperformed in the market. Trane's high valuation is seen as a limitation to its growth prospects. Nevertheless, stock analysts regard Trane as a top growth stock for the long term. The reported insider selling from company executives has, however, raised questions.
Trane Technologies Plc TT News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sun, 18 Aug 2024 13:39:56 GMT -
Rating 6
- Innovation -2
- Information 8
- Rumor -4
