Teacher Retirement System of Texas Sells 10,752 Shares of Trane Technologies plc $TT

Teacher Retirement System of Texas trimmed its holdings in shares of Trane Technologies plc (NYSE:TT) by 8.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 112,852 shares of the company’s stock after selling 10,752 shares during the period. Teacher Retirement System of Texas’ holdings in Trane Technologies were worth $47,619,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Financial Consulate Inc. purchased a new stake in Trane Technologies during the 3rd quarter valued at about $25,000. Icon Advisers Inc. Co. bought a new stake in Trane Technologies in the second quarter valued at approximately $26,000. Ameriflex Group Inc. purchased a new stake in shares of Trane Technologies during the second quarter valued at approximately $28,000. Hantz Financial Services Inc. grew its holdings in shares of Trane Technologies by 1,016.7% in the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC increased its stake in shares of 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 buying an additional 26 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TT. Morgan Stanley cut their price target on shares of Trane Technologies from $550.00 to $535.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Wells Fargo & Company dropped their target price on shares of Trane Technologies from $415.00 to $375.00 and set an “underweight” rating for the company in a report on Friday, December 19th. Oppenheimer upgraded Trane Technologies from a “market perform” rating to an “outperform” rating and set a $460.00 price target on the stock in a report on Tuesday. Melius Research raised Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price target for the company in a research report on Wednesday, January 7th. Finally, Barclays cut their price objective on Trane Technologies from $506.00 to $505.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $479.73.

Insider Activity at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total value of $264,000.00. Following the sale, the chief accounting officer owned 7,148 shares in the company, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Stock Performance

Shares of TT opened at $389.97 on Friday. The company has a 50-day simple moving average of $397.09 and a two-hundred day simple moving average of $416.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84. The firm has a market capitalization of $86.47 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 1.98 and a beta of 1.21. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18.

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