Mutual of America Capital Management LLC Trims Stake in Trane Technologies plc $TT

Mutual of America Capital Management LLC cut its stake in Trane Technologies plc (NYSE:TT) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,370 shares of the company’s stock after selling 1,622 shares during the period. Mutual of America Capital Management LLC’s holdings in Trane Technologies were worth $12,393,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Icon Advisers Inc. Co. purchased a new stake in Trane Technologies in the second quarter worth $26,000. Financial Consulate Inc. purchased a new stake in shares of Trane Technologies in the 3rd quarter worth about $25,000. Ameriflex Group Inc. bought a new position in shares of Trane Technologies in the 2nd quarter worth about $28,000. Hantz Financial Services Inc. lifted its position in Trane Technologies by 1,016.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after acquiring an additional 61 shares during the period. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in Trane Technologies by 34.2% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock worth $43,000 after purchasing an additional 26 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $440.00, for a total transaction of $264,000.00. Following the completion of the sale, the chief accounting officer directly owned 7,148 shares in the company, valued at $3,145,120. The trade was a 7.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TT shares. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research report on Wednesday, January 21st. Citigroup increased their target price on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. upped their price target on shares of Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. KeyCorp upgraded shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research note on Monday, December 15th. Finally, Oppenheimer upgraded shares of Trane Technologies from a “market perform” rating to an “outperform” rating and set a $460.00 target price on the stock in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $479.73.

Trane Technologies Stock Performance

Shares of TT stock opened at $394.59 on Tuesday. The firm has a market capitalization of $87.50 billion, a PE ratio of 30.35, a P/E/G ratio of 1.93 and a beta of 1.21. The company has a 50 day moving average price of $396.06 and a 200-day moving average price of $415.46. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.47.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.