On August 7, 2024, Raymond Pittard, Executive Vice President, sold 1,805 shares of Trane Technologies PLC (NYSE:TT). The transaction was documented in a recent SEC filing. After this sale, the insider now owns 83,517.19 shares of the company.

Trane Technologies PLC is a global climate innovator. With its strategic brands Trane and Thermo King and its portfolio of environmentally friendly products and services, the company offers efficient and sustainable climate solutions for buildings, homes and transportation.

Over the past year, Raymond Pittard has sold a total of 14,949 shares and purchased no shares. This recent sale is part of a broader trend within the company, where there were 33 insider sales and no insider purchases over the past year.

Trane Technologies PLC shares were trading at $328.65 on the day of the sale. The company has a market capitalization of approximately $73.94 billion. The price-to-earnings ratio is 32.41, which is higher than both the industry median of 15.23 and the company’s historical median.

The stock is currently considered significantly overvalued according to GF Value with a price-GF Value ratio of 1.42. The GF Value of USD 231.51 is calculated based on historical trading multiples, a GuruFocus adjustment factor and estimates of future business development.

This insider sale may be of interest to investors as they assess the stock’s current valuation and consider the broader trend of insider selling at Trane Technologies PLC.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.