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DAVIDSON, NC—Christopher J. Kuehn, the Executive Vice President and Chief Financial Officer of Trane Technologies plc (NYSE:TT), a $77 billion market cap company with a perfect Piotroski Score of 9 according to InvestingPro, recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Kuehn sold 8,434 ordinary shares on March 5, 2025. The transaction was executed at a weighted average price of $346.96 per share, resulting in a total sale value of approximately $2.93 million. The sale price was near the middle of the stock’s 52-week range of $279-$422.
The shares were sold as part of a pre-established Rule 10b5-1 trading plan, which Kuehn adopted on August 5, 2024. Following this transaction, Kuehn retains ownership of 61,364.5727 shares in the company.
This move comes as part of routine portfolio management by Kuehn, and it is essential to note that such transactions are often planned in advance for personal financial planning reasons. As an executive, Kuehn continues to play a crucial role in steering Trane Technologies, a leader in climate innovation.
In other recent news, Trane Technologies reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $2.61, compared to the projected $2.52. The company’s revenue also exceeded forecasts, reaching $4.87 billion against the anticipated $4.77 billion. Additionally, Trane Technologies announced the enhancement of its thermal management systems with new liquid cooling capabilities, aimed at improving energy efficiency in data centers. The company also introduced Trane Connect, a cloud-based platform designed to optimize HVAC systems’ energy efficiency and maintenance.
In corporate governance, Matthew Pine, currently President and CEO of Xylem Inc (NYSE:XYL)., will join Trane Technologies’ Board of Directors in April 2025. Trane Technologies’ recent moves include the introduction of the Trane Coolant Distribution Unit, which incorporates LiquidStack® technology to enhance thermal management for data centers. The company continues to focus on sustainable climate solutions, reflecting its strategic priorities. Finally, Trane Technologies’ strong backlog of $6.75 billion entering 2025 indicates robust demand across its commercial HVAC markets.
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