Lbp Am Sa Decreases Stake in Trane Technologies plc $TT

Lbp Am Sa decreased its holdings in Trane Technologies plc (NYSE:TT) by 5.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,388 shares of the company’s stock after selling 1,331 shares during the quarter. Lbp Am Sa’s holdings in Trane Technologies were worth $9,025,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. lifted its holdings in shares of Trane Technologies by 7.2% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 28,211 shares of the company’s stock valued at $11,904,000 after acquiring an additional 1,884 shares in the last quarter. First Citizens Bank & Trust Co. lifted its stake in shares of Trane Technologies by 11.7% during the third quarter. First Citizens Bank & Trust Co. now owns 1,361 shares of the company’s stock worth $574,000 after purchasing an additional 143 shares in the last quarter. TFR Capital LLC. boosted its position in shares of Trane Technologies by 0.7% in the third quarter. TFR Capital LLC. now owns 4,691 shares of the company’s stock worth $1,979,000 after buying an additional 32 shares during the period. GDS Wealth Management raised its holdings in shares of Trane Technologies by 1.3% during the 3rd quarter. GDS Wealth Management now owns 55,762 shares of the company’s stock valued at $23,529,000 after buying an additional 742 shares during the period. Finally, PFG Investments LLC boosted its holdings in Trane Technologies by 1.8% in the 3rd quarter. PFG Investments LLC now owns 1,562 shares of the company’s stock worth $659,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TT. UBS Group reduced their target price on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Melius Research raised shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price objective for the company in a research report on Wednesday, January 7th. Morgan Stanley cut their price target on Trane Technologies from $550.00 to $535.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. KeyCorp upgraded Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Monday, December 15th. Finally, Wells Fargo & Company reduced their target price on Trane Technologies from $415.00 to $375.00 and set an “underweight” rating for the company in a research note on Friday, December 19th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $479.73.

Insider Buying and Selling at Trane Technologies

In related 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 transaction of $264,000.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Trane Technologies Trading Up 2.2%

NYSE:TT opened at $394.59 on Tuesday. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.47. The company has a market cap of $87.50 billion, a PE ratio of 30.35, a P/E/G ratio of 1.93 and a beta of 1.21. The business’s 50 day moving average is $396.06 and its two-hundred day moving average is $415.46.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) 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 firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period last year, the business posted $3.37 earnings per share. The firm’s revenue for the quarter 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, analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

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.