Truist Financial Corp Acquires 6,430 Shares of Trane Technologies plc $TT

Truist Financial Corp lifted its stake in Trane Technologies plc (NYSE:TT) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 392,953 shares of the company’s stock after purchasing an additional 6,430 shares during the period. Truist Financial Corp’s holdings in Trane Technologies were worth $165,810,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TT. Brighton Jones LLC raised its stake in shares of Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after acquiring an additional 2,323 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Trane Technologies by 22.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock worth $728,000 after purchasing an additional 305 shares during the period. ORG Partners LLC raised its position in Trane Technologies by 173.8% during the 2nd quarter. ORG Partners LLC now owns 178 shares of the company’s stock valued at $77,000 after purchasing an additional 113 shares in the last quarter. Tritonpoint Wealth LLC purchased a new stake in shares of Trane Technologies in the 2nd quarter worth $221,000. Finally, Moss Adams Wealth Advisors LLC purchased a new stake in shares of Trane Technologies in the 2nd quarter worth $318,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

TT has been the topic of several research reports. UBS Group cut their price target on Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Melius Research raised shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 target price on the stock in a research report on Wednesday, January 7th. Citigroup boosted their price target on shares of Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a report on Friday, October 31st. Bank of America upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $490.00 to $550.00 in a research note on Thursday, November 13th. Finally, Wells Fargo & Company cut their price objective on shares of Trane Technologies from $415.00 to $375.00 and set an “underweight” rating on the stock in a report on Friday, December 19th. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $479.73.

Trane Technologies Stock Down 0.3%

Shares of TT stock opened at $392.83 on Wednesday. The stock’s fifty day moving average price is $395.77 and its 200 day moving average price is $415.15. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. The company has a market cap of $87.11 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, topping 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 business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter last year, the company earned $3.37 earnings per share. The company’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. On average, research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the business’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 transaction of $264,000.00. Following the sale, the chief accounting officer owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. The trade was a 7.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by company insiders.

Trane Technologies Company 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.