1248 Management LLC Takes Position in Trane Technologies plc $TT

1248 Management LLC bought a new stake in Trane Technologies plc (NYSE:TT) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 553 shares of the company’s stock, valued at approximately $186,000.

Other institutional investors have also modified their holdings of the company. Inspire Investing LLC grew its position in shares of Trane Technologies by 20.8% during the 1st quarter. Inspire Investing LLC now owns 5,571 shares of the company’s stock valued at $1,877,000 after buying an additional 960 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Trane Technologies by 23.4% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock valued at $46,000 after buying an additional 26 shares during the last quarter. Modern Wealth Management LLC grew its position in shares of Trane Technologies by 3.7% during the 1st quarter. Modern Wealth Management LLC now owns 3,135 shares of the company’s stock valued at $1,056,000 after buying an additional 113 shares during the last quarter. Anderson Financial Strategies LLC bought a new stake in shares of Trane Technologies during the 1st quarter valued at about $51,000. Finally, Strs Ohio bought a new stake in shares of Trane Technologies during the 1st quarter valued at about $28,520,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

TT has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of Trane Technologies from $480.00 to $495.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Royal Bank Of Canada boosted their price objective on shares of Trane Technologies from $463.00 to $467.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. UBS Group boosted their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group boosted their target price 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. Finally, Morgan Stanley boosted their target price on shares of Trane Technologies from $445.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $458.60.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the sale, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at approximately $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Trading Down 0.4%

Trane Technologies stock opened at $415.82 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $432.28 and a two-hundred day moving average price of $399.10. The firm has a market capitalization of $92.52 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 2.60 and a beta of 1.10. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18.

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

Trane Technologies 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.