Nisa Investment Advisors LLC Sells 5,431 Shares of Trane Technologies plc $TT

Nisa Investment Advisors LLC lessened its position in Trane Technologies plc (NYSE:TT) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,490 shares of the company’s stock after selling 5,431 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Trane Technologies were worth $35,651,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Consulate Inc. bought a new position in shares of Trane Technologies during the third quarter valued at approximately $25,000. Icon Advisers Inc. Co. bought a new position in Trane Technologies in the 2nd quarter valued at $26,000. Ameriflex Group Inc. bought a new position in shares of Trane Technologies in the second quarter worth about $28,000. Hantz Financial Services Inc. increased its position in shares of Trane Technologies by 1,016.7% during the second 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 period. Finally, Halbert Hargrove Global Advisors LLC raised its position in Trane Technologies by 34.2% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock valued at $43,000 after purchasing an additional 26 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TT has been the subject of several recent research reports. Wells Fargo & Company decreased their price objective on Trane Technologies from $415.00 to $375.00 and set an “underweight” rating for the company in a report on Friday, December 19th. Royal Bank Of Canada boosted their price target on shares of Trane Technologies from $467.00 to $469.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. KeyCorp raised shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research report on Monday, December 15th. Citigroup lifted their price objective 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. Finally, UBS Group lowered their target price on Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Trane Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $474.60.

Insider Transactions at Trane Technologies

In other news, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total value 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 the SEC website. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Price Performance

Shares of TT opened at $378.12 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84. The company’s fifty day moving average price is $405.97 and its 200-day moving average price is $419.38. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. The firm has a market capitalization of $83.84 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share 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 business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the previous year, the business earned $3.37 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, equities research 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.