Trane Technologies plc $TT Shares Sold by Lbp Am Sa

Lbp Am Sa lowered its holdings in shares of Trane Technologies plc (NYSE:TT) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,388 shares of the company’s stock after selling 1,331 shares during the period. Lbp Am Sa’s holdings in Trane Technologies were worth $9,025,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Icon Advisers Inc. Co. acquired a new stake in shares of Trane Technologies during the second quarter worth about $26,000. Financial Consulate Inc. acquired a new stake in Trane Technologies during the 3rd quarter worth approximately $25,000. Ameriflex Group Inc. purchased a new position in shares of Trane Technologies in the 2nd quarter valued at approximately $28,000. Hantz Financial Services Inc. increased 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 valued at $29,000 after purchasing an additional 61 shares during the period. Finally, Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Trane Technologies by 34.2% during 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. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Citigroup boosted their price objective on shares of Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Morgan Stanley decreased their price objective 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. Bank of America raised Trane Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $490.00 to $550.00 in a report on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, January 21st. Finally, KeyCorp upgraded Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $479.73.

Trane Technologies Stock Performance

NYSE TT opened at $394.59 on Tuesday. The business’s 50-day moving average price is $396.06 and its 200 day moving average price is $415.46. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The company has a market capitalization of $87.50 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, October 30th. The company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The company 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 posted $3.37 EPS. The company’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, research analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Insider Buying and Selling at Trane Technologies

In other news, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were 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 of the company’s stock, valued at $3,145,120. The trade was a 7.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by company insiders.

About Trane Technologies

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.