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In a recent transaction, Magner Mairead, Senior Vice President at Trane Technologies plc (NYSE:TT), sold 3,590 shares of the company’s ordinary stock. The shares were sold at an average price of $346.95, amounting to a total transaction value of approximately $1,245,557. The transaction occurred as the company, currently valued at $77 billion, trades near its 52-week high of $422. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. Following this sale, Mairead holds 12,916.9445 shares directly. The sale was executed under a pre-established Rule 10b5-1 trading plan, which Mairead adopted on September 4, 2024. The transaction price ranged from $344.48 to $350.07 per share. The company maintains strong fundamentals with a perfect Piotroski Score of 9 and has consistently paid dividends for 55 consecutive years. InvestingPro subscribers can access 12 additional key insights about Trane Technologies, including detailed valuation metrics and growth forecasts in the comprehensive Pro Research Report.
In other recent news, Trane Technologies reported impressive financial results for the fourth quarter of 2024, surpassing both earnings per share (EPS) and revenue expectations. The company achieved an EPS of $2.61, exceeding the forecasted $2.52, and generated revenue of $4.87 billion, beating the anticipated $4.77 billion. Trane Technologies also reported a strong backlog of $6.75 billion entering 2025, with organic revenue growth recorded at 10% for the full year. Additionally, Trane Technologies expanded its product offerings with the introduction of the Trane Coolant Distribution Unit, which enhances thermal management systems with advanced liquid cooling capabilities for data centers. The company also launched Trane Connect, a cloud-based portal designed to improve HVAC system efficiency and maintenance. In governance news, Trane Technologies appointed Matthew Pine, the current CEO of Xylem Inc (NYSE:XYL)., to its Board of Directors, effective April 2025. These developments reflect the company’s ongoing commitment to innovation and sustainability.
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