Trane Technologies plc $TT Shares Acquired by Pines Wealth Management LLC

Pines Wealth Management LLC increased its holdings in Trane Technologies plc (NYSE:TT) by 138.0% during the third quarter, HoldingsChannel.com reports. The fund owned 3,022 shares of the company’s stock after buying an additional 1,752 shares during the period. Pines Wealth Management LLC’s holdings in Trane Technologies were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Icon Advisers Inc. Co. acquired a new position in Trane Technologies in the second quarter valued at $26,000. Financial Consulate Inc. purchased a new position in shares of Trane Technologies during the third quarter worth about $25,000. Ameriflex Group Inc. acquired a new position in Trane Technologies in the 2nd quarter valued at about $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 valued at $29,000 after acquiring an additional 61 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its stake 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 last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies 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 transaction, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. The trade was a 7.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.

Trane Technologies Stock Down 0.3%

Shares of NYSE TT opened at $392.83 on Wednesday. The stock has a market capitalization of $87.11 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The firm has a 50-day moving average price of $395.77 and a 200 day moving average price of $415.15. 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 issued its earnings results on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.80 by $0.08. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the business posted $3.37 earnings per share. The firm’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 research analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on TT shares. Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $490.00 to $550.00 in a research note on Thursday, November 13th. KeyCorp upgraded shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Monday, December 15th. Oppenheimer upgraded shares of Trane Technologies from a “market perform” rating to an “outperform” rating and set a $460.00 target price for the company in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, January 21st. Finally, Citigroup increased their price target on shares of Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a report on Friday, October 31st. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.