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Evan M. Turtz, Senior Vice President at Trane Technologies plc (NYSE:TT), a $77 billion market cap building products company with a perfect Piotroski Score of 9 and strong financial health rating on InvestingPro, recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Turtz sold 3,778 shares of Trane Technologies on March 5, 2025. The shares were sold at an average price of $346.99, ranging from $344.48 to $350.22 per share, totaling approximately $1.31 million. The company currently trades at a P/E ratio of 30x and appears overvalued according to InvestingPro’s Fair Value analysis.
Following this transaction, Turtz retains direct ownership of 21,756 shares. Additionally, he holds 3,805 shares indirectly through a plan trustee. The sale was executed under a Rule 10b5-1 trading plan, which was adopted by Turtz on March 6, 2024. Get comprehensive insider trading analysis and 12+ additional ProTips with InvestingPro.
In other recent news, Trane Technologies reported robust fourth-quarter 2024 earnings, surpassing both earnings per share (EPS) and revenue forecasts. The company achieved an EPS of $2.61, exceeding the expected $2.52, and revenue reached $4.87 billion, beating the projected $4.77 billion. Trane Technologies also highlighted a strong backlog of $6.75 billion entering 2025, with organic revenue growth recorded at 10% for the full year 2024. In addition to financial achievements, Trane introduced Trane Connect, a cloud-based portal aimed at enhancing energy efficiency and maintenance of HVAC systems. The platform provides data-driven insights and predictive maintenance capabilities, assisting 20,000 users worldwide. Furthermore, Trane Technologies expanded its thermal management systems with the introduction of advanced liquid cooling capabilities, targeting high-performance demands of data centers. The company’s 1MW Coolant Distribution Unit (CDU) aims to optimize performance and energy efficiency. Lastly, Trane Technologies announced the appointment of Matthew Pine to its Board of Directors, effective April 1, 2025, bringing his extensive leadership experience from Xylem Inc (NYSE:XYL).
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