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Donald E. Simmons, Group President of Americas at Trane Technologies plc (NYSE:TT), a $77 billion market cap building products company with a perfect Piotroski Score of 9, has recently sold a substantial portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Simmons sold 3,373 ordinary shares at a price of $350 each, totaling approximately $1.18 million. This transaction was executed on March 5, 2025, under a pre-arranged Rule 10b5-1 trading plan adopted by Simmons on October 31, 2024.
Following this sale, Simmons retains direct ownership of 3,593 shares. Additionally, he holds indirect ownership of 10,039.274 shares through a plan trustee and 119 shares in an individual retirement account. This activity provides insight into the executive’s current investment strategy and holdings in Trane Technologies, which has delivered a 22.6% return over the past year despite being slightly overvalued according to InvestingPro analysis. Discover 12 more exclusive insights about TT’s valuation and growth prospects with an InvestingPro subscription.
In other recent news, Trane Technologies reported its fourth-quarter 2024 earnings, exceeding both earnings per share (EPS) and revenue expectations. The company posted an EPS of $2.61, surpassing the forecasted $2.52, while revenue reached $4.87 billion, beating the projected $4.77 billion. Trane Technologies also enters 2025 with a strong backlog of $6.75 billion and recorded a 10% organic revenue growth for the full year 2024. Additionally, Trane Technologies announced the appointment of Matthew Pine to its Board of Directors, effective April 1, 2025. Pine’s extensive leadership experience and focus on sustainability align with the company’s mission. In another development, Trane Technologies introduced the Trane Connect, a cloud-based platform designed to enhance energy efficiency and maintenance of HVAC systems. The company also expanded its thermal management systems with new liquid cooling capabilities for data centers, furthering its commitment to energy-efficient solutions.
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