Locust Wood Capital Advisers LLC Makes New $629,000 Investment in Trane Technologies plc $TT

Locust Wood Capital Advisers LLC acquired a new stake in Trane Technologies plc (NYSE:TT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,490 shares of the company’s stock, valued at approximately $629,000.

Other hedge funds have also modified their holdings of the company. Financial Consulate Inc. acquired a new stake in shares of Trane Technologies during the third quarter worth about $25,000. Icon Advisers Inc. Co. acquired a new stake in shares of Trane Technologies during the 2nd quarter worth about $26,000. Ameriflex Group Inc. purchased a new stake in Trane Technologies during the second quarter worth approximately $28,000. Hantz Financial Services Inc. raised its stake in 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 in the last quarter. Finally, Halbert Hargrove Global Advisors LLC boosted its position in shares of 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 purchasing an additional 26 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other 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 in the company, valued at $3,145,120. The trade was a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

Trane Technologies Price Performance

Shares of TT opened at $394.96 on Thursday. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The stock has a 50 day moving average of $397.57 and a 200-day moving average of $416.46. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. The firm has a market cap of $87.58 billion, a price-to-earnings ratio of 30.38, a PEG ratio of 1.94 and a beta of 1.21.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the business earned $3.37 EPS. The firm’s 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. As a group, analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on TT shares. 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 research report on Friday, December 19th. Morgan Stanley lowered their price objective on Trane Technologies from $550.00 to $535.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Melius Research raised 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. Bank of America raised Trane Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $490.00 to $550.00 in a research note on Thursday, November 13th. Finally, UBS Group cut their price target on Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $479.73.

About Trane Technologies

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.