Eagle Global Advisors LLC Has $31.37 Million Position in Trane Technologies plc $TT

Eagle Global Advisors LLC cut its position in shares of Trane Technologies plc (NYSE:TT) by 17.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,333 shares of the company’s stock after selling 16,185 shares during the period. Trane Technologies accounts for 1.2% of Eagle Global Advisors LLC’s portfolio, making the stock its 20th largest holding. Eagle Global Advisors LLC’s holdings in Trane Technologies were worth $31,365,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Financial Consulate Inc. acquired a new position in Trane Technologies during the third quarter worth approximately $25,000. Icon Advisers Inc. Co. acquired a new stake in shares of Trane Technologies in the second quarter valued at approximately $26,000. Ameriflex Group Inc. bought a new position in shares of Trane Technologies during the 2nd quarter worth approximately $28,000. Hantz Financial Services Inc. increased its holdings in shares of Trane Technologies by 1,016.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after acquiring an additional 61 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC raised its stake in Trane Technologies by 34.2% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock valued at $43,000 after acquiring an additional 26 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trane Technologies

In other news, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was 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 in the company, valued at approximately $3,145,120. This represents a 7.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Trane Technologies Stock Performance

Shares of NYSE:TT opened at $385.52 on Thursday. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The company’s 50 day moving average price is $401.55 and its two-hundred day moving average price is $418.10. The firm has a market cap of $85.49 billion, a PE ratio of 29.66, a PEG ratio of 1.96 and a beta of 1.21. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.47.

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

Analyst Upgrades and Downgrades

TT has been the topic of several research reports. Melius upgraded shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price objective on the stock in a report on Wednesday, January 7th. UBS Group decreased their price target on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Royal Bank Of Canada raised their price objective on shares of Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. boosted their price objective on Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Finally, Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $490.00 to $550.00 in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $475.60.

Trane Technologies 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.