Pines Wealth Management LLC Boosts Stake in Trane Technologies plc $TT

Pines Wealth Management LLC increased its holdings in shares of Trane Technologies plc (NYSE:TT) by 138.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,022 shares of the company’s stock after acquiring an additional 1,752 shares during the quarter. Pines Wealth Management LLC’s holdings in Trane Technologies were worth $1,275,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Icon Advisers Inc. Co. purchased a new stake in shares of Trane Technologies in the second quarter valued at approximately $26,000. Financial Consulate Inc. acquired a new position in Trane Technologies during the third quarter worth $25,000. Ameriflex Group Inc. purchased a new stake in Trane Technologies in the 2nd quarter valued at $28,000. Hantz Financial Services Inc. increased its stake in shares of Trane Technologies by 1,016.7% in 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 during the last quarter. Finally, Halbert Hargrove Global Advisors LLC boosted its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TT shares. JPMorgan Chase & Co. lifted their target price 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. KeyCorp raised shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research report on Monday, December 15th. Barclays decreased their price objective on Trane Technologies from $506.00 to $505.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Wells Fargo & Company cut their target price on 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, UBS Group decreased their price target on Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. One research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $479.73.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the firm’s stock in a transaction dated 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 owned 7,148 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Price Performance

Trane Technologies stock opened at $392.83 on Wednesday. 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 plc has a 52-week low of $298.15 and a 52-week high of $476.18. The firm has a market cap of $87.11 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company’s 50 day moving average is $395.77 and its two-hundred day moving average is $415.15.

Trane Technologies (NYSE:TT) last posted 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 business 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 company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, research analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

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.