Trane Technologies plc $TT Position Lessened by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of Trane Technologies plc (NYSE:TT) by 98.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,123 shares of the company’s stock after selling 223,554 shares during the quarter. SG Americas Securities LLC’s holdings in Trane Technologies were worth $1,318,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Consulate Inc. acquired a new stake in shares of Trane Technologies in the 3rd quarter worth about $25,000. Icon Advisers Inc. Co. acquired a new position in shares of Trane Technologies during the second quarter worth approximately $26,000. Ameriflex Group Inc. bought a new position in Trane Technologies in the 2nd quarter worth approximately $28,000. Hantz Financial Services Inc. increased its position in Trane Technologies by 1,016.7% in 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 period. Finally, Halbert Hargrove Global Advisors LLC raised its stake 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 acquiring an additional 26 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Price Performance

NYSE TT opened at $389.21 on Friday. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The business’s fifty day moving average is $399.69 and its two-hundred day moving average is $417.56. The stock has a market capitalization of $86.30 billion, a P/E ratio of 29.94, a P/E/G ratio of 1.94 and a beta of 1.21. 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 issued its earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (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 business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the firm posted $3.37 EPS. The company’s quarterly 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. On average, research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Insider Buying and Selling at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of the firm’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 value of $264,000.00. Following the completion of the transaction, the chief accounting officer owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TT shares. Citigroup increased their price target on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Bank of America upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $490.00 to $550.00 in a research report on Thursday, November 13th. Melius Research upgraded shares of Trane Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. upped their price target on shares of Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Finally, KeyCorp upgraded shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $475.60.

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.