3,625 Shares in Trane Technologies plc $TT Bought by Tred Avon Family Wealth LLC

Tred Avon Family Wealth LLC bought a new position in Trane Technologies plc (NYSE:TT) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,625 shares of the company’s stock, valued at approximately $1,530,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ethic Inc. lifted its stake in shares of Trane Technologies by 6.6% in the 2nd quarter. Ethic Inc. now owns 26,836 shares of the company’s stock valued at $11,601,000 after purchasing an additional 1,672 shares during the period. Nordea Investment Management AB increased its holdings in Trane Technologies by 2.4% in the third quarter. Nordea Investment Management AB now owns 2,513,508 shares of the company’s stock worth $1,051,049,000 after purchasing an additional 57,774 shares in the last quarter. Triton Financial Group Inc acquired a new position in Trane Technologies in the second quarter valued at approximately $1,273,000. Illinois Municipal Retirement Fund boosted its holdings in shares of Trane Technologies by 2.7% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 28,083 shares of the company’s stock worth $12,284,000 after buying an additional 726 shares in the last quarter. Finally, Hibernia Wealth Partners LLC acquired a new stake in shares of Trane Technologies during the 2nd quarter worth approximately $266,000. 82.97% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $440.00, for a total value of $264,000.00. Following the completion of the sale, the chief accounting officer owned 7,148 shares in the company, valued at $3,145,120. This represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

Trane Technologies Stock Performance

Shares of TT opened at $389.21 on Friday. The firm has a market capitalization of $86.30 billion, a P/E ratio of 29.94, a P/E/G ratio of 1.95 and a beta of 1.21. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The stock has a 50 day moving average price of $399.69 and a two-hundred day moving average price of $417.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.20.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $490.00 to $550.00 in a research note on Thursday, November 13th. Melius Research raised Trane Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. JPMorgan Chase & Co. increased their price target on Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Finally, Melius upgraded Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price objective for the company in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Trane Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $475.60.

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.