Northstar Advisory Group LLC Cuts Stake in Trane Technologies plc $TT

Northstar Advisory Group LLC trimmed its stake in Trane Technologies plc (NYSE:TT) by 79.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 555 shares of the company’s stock after selling 2,203 shares during the quarter. Northstar Advisory Group LLC’s holdings in Trane Technologies were worth $234,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Ethic Inc. increased its position in shares of Trane Technologies by 6.6% in the second quarter. Ethic Inc. now owns 26,836 shares of the company’s stock worth $11,601,000 after acquiring an additional 1,672 shares in the last quarter. Nordea Investment Management AB boosted its position in Trane Technologies by 2.4% during the 3rd quarter. Nordea Investment Management AB now owns 2,513,508 shares of the company’s stock worth $1,051,049,000 after purchasing an additional 57,774 shares during the period. Boston Common Asset Management LLC acquired a new stake in Trane Technologies in the 3rd quarter valued at $9,546,000. Y Intercept Hong Kong Ltd purchased a new position in Trane Technologies in the third quarter valued at about $6,571,000. Finally, Tred Avon Family Wealth LLC acquired a new position in shares of Trane Technologies during the third quarter worth about $1,530,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity

In related news, CAO Elizabeth A. Elwell sold 600 shares of the firm’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 transaction, the chief accounting officer directly owned 7,148 shares in the company, valued at $3,145,120. This trade represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Stock Performance

Shares of TT stock opened at $394.59 on Tuesday. The stock has a market capitalization of $87.50 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 1.93 and a beta of 1.21. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. The company’s 50-day simple moving average is $396.06 and its 200-day simple moving average is $415.46. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.20.

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, 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 firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the prior year, the firm posted $3.37 earnings per share. Trane Technologies’s revenue for the quarter 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. Equities analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. KeyCorp upgraded Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research note on Monday, December 15th. Citigroup increased their price objective on shares of Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. boosted their target price on shares of Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Wells Fargo & Company decreased their target price on shares of Trane Technologies from $415.00 to $375.00 and set an “underweight” rating for the company in a research note on Friday, December 19th. Finally, Royal Bank Of Canada lifted their price target on shares of Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Trane Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $479.73.

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.