Executive Vice President Paul Camuti Sells 5,643 Shares of Trane Technologies PLC (TT)
Trane Technologies PLC (NYSE:TT), a global climate innovator, provides HVAC, refrigeration, fire, security, and building automation technologies. The company designs, manufactures, sells, and services a portfolio of solutions that enhance indoor environmental quality.
According to a recent SEC filing, Executive Vice President of Trane Technologies PLC, Paul Camuti, sold 5,643 shares of the company on March 4, 2024. The transaction was executed at an average price of $288.3 per share, resulting in a total value of $1,626,614.9. Following this transaction, the insider's stake in Trane Technologies PLC has been adjusted accordingly.
Over the past year, Paul Camuti has engaged in multiple transactions involving the company's stock. The insider has sold a total of 17,377 shares and has not made any purchases of the stock during this period.
The insider transaction history for Trane Technologies PLC indicates a pattern of sales by insiders over the past year. There have been no insider purchases recorded, while there have been 31 insider sales in the same timeframe.
On the valuation front, Trane Technologies PLC's shares were trading at $288.3 on the day of the insider's recent sale, giving the company a market capitalization of $65.02 billion. The price-earnings ratio stands at 32.58, which is above both the industry median of 15.17 and the company's historical median price-earnings ratio.
The stock's current price relative to the GuruFocus Value (GF Value) indicates that Trane Technologies PLC is significantly overvalued. With a share price of $288.3 and a GF Value of $217.75, the price-to-GF-Value ratio is 1.32.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent selling activity by insiders at Trane Technologies PLC.
The GF Value image above illustrates the current valuation of Trane Technologies PLC in comparison to its intrinsic value estimate according to GuruFocus.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
