Anderson Financial Strategies LLC Invests $51,000 in Trane Technologies plc $TT

Anderson Financial Strategies LLC acquired a new position in Trane Technologies plc (NYSE:TT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 150 shares of the company’s stock, valued at approximately $51,000.

Several other hedge funds have also recently made changes to their positions in the business. CWA Asset Management Group LLC raised its holdings in shares of Trane Technologies by 19.2% in the first quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company’s stock valued at $382,000 after acquiring an additional 183 shares in the last quarter. Nippon Life Global Investors Americas Inc. increased its position in Trane Technologies by 17.5% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company’s stock valued at $1,041,000 after buying an additional 460 shares in the last quarter. Brighton Jones LLC grew its position in Trane Technologies by 60.0% during the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after purchasing an additional 2,323 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Trane Technologies by 495.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 4,252 shares of the company’s stock worth $1,433,000 after acquiring an additional 3,538 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Trane Technologies by 13.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,141 shares of the company’s stock worth $3,417,000 after acquiring an additional 1,198 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group lifted their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Citigroup boosted their price target on shares of Trane Technologies from $445.00 to $502.00 and gave the stock a “buy” rating in a report on Monday, July 14th. HSBC downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and increased their price objective for the company from $415.00 to $460.00 in a report on Thursday, July 31st. Northcoast Research cut shares of Trane Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group increased their price target on shares of Trane Technologies from $416.00 to $460.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Trane Technologies presently has an average rating of “Hold” and a consensus price target of $458.60.

Trane Technologies Stock Up 1.9%

TT stock opened at $417.12 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The stock has a market cap of $92.81 billion, a P/E ratio of 33.08, a PEG ratio of 2.55 and a beta of 1.10. The company’s 50 day moving average is $432.76 and its two-hundred day moving average is $398.63.

Trane Technologies (NYSE:TT) last announced its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.09. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the transaction, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. This trade represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Trane Technologies Company Profile

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.