CPC Advisors LLC Sells 4,193 Shares of Trane Technologies plc $TT

CPC Advisors LLC reduced its stake in shares of Trane Technologies plc (NYSE:TT) by 22.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 14,231 shares of the company’s stock after selling 4,193 shares during the period. CPC Advisors LLC’s holdings in Trane Technologies were worth $6,005,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TT. Brighton Jones LLC boosted its holdings in shares of Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after purchasing an additional 2,323 shares in the last quarter. Focus Partners Wealth lifted its position in Trane Technologies by 16.4% in the 1st quarter. Focus Partners Wealth now owns 12,672 shares of the company’s stock worth $4,270,000 after buying an additional 1,785 shares during the last quarter. Voya Investment Management LLC boosted its stake in Trane Technologies by 24.0% in the first quarter. Voya Investment Management LLC now owns 69,535 shares of the company’s stock worth $23,428,000 after buying an additional 13,455 shares in the last quarter. Parallel Advisors LLC grew its position in Trane Technologies by 4.1% during the second quarter. Parallel Advisors LLC now owns 3,056 shares of the company’s stock valued at $1,337,000 after acquiring an additional 120 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Trane Technologies during the second quarter worth approximately $244,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TT shares. Melius Research raised shares of Trane Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Melius raised Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price objective on the stock in a research note on Wednesday, January 7th. Barclays lowered their target price on Trane Technologies from $506.00 to $505.00 and set an “overweight” rating for the company in a research note on Wednesday, January 7th. Citigroup raised their price target on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $490.00 to $550.00 in a research report on Thursday, November 13th. One research 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $474.60.

Insider Buying and Selling

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

Trane Technologies Stock Up 0.9%

Shares of NYSE:TT opened at $385.31 on Tuesday. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. 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 stock’s 50-day moving average is $403.40 and its 200 day moving average is $418.62. The company has a market cap of $85.44 billion, a PE ratio of 29.64, a P/E/G ratio of 1.93 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 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.80 billion. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Sell-side analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Company 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.