Strategic Planning Group LLC acquired a new stake in shares of Trane Technologies plc (NYSE:TT – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,972 shares of the company’s stock, valued at approximately $6,318,000.
Other hedge funds have also added to or reduced their stakes in the company. Ethic Inc. grew its stake in shares of Trane Technologies by 6.6% during the 2nd quarter. Ethic Inc. now owns 26,836 shares of the company’s stock worth $11,601,000 after acquiring an additional 1,672 shares during the period. Triton Financial Group Inc purchased a new stake in Trane Technologies during the second quarter valued at about $1,273,000. OMNI 360 Wealth Inc. purchased a new stake in Trane Technologies during the second quarter valued at about $345,000. Illinois Municipal Retirement Fund boosted its position in Trane Technologies by 2.7% during the second quarter. Illinois Municipal Retirement Fund now owns 28,083 shares of the company’s stock worth $12,284,000 after purchasing an additional 726 shares during the period. Finally, Hibernia Wealth Partners LLC bought a new stake in shares of Trane Technologies in the second quarter valued at approximately $266,000. Institutional investors and hedge funds own 82.97% of the company’s stock.
Insider Transactions at Trane Technologies
In other news, CAO Elizabeth A. Elwell sold 600 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was 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 directly owned 7,148 shares in the company, valued at approximately $3,145,120. This represents a 7.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.
Trane Technologies Trading Down 1.3%
Trane Technologies (NYSE:TT – Get Free Report) last posted its quarterly earnings data 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 net margin of 13.93% and a return on equity of 37.04%. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the previous year, the firm posted $3.37 EPS. The firm’s revenue 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. Analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.
Trane Technologies News Summary
Here are the key news stories impacting Trane Technologies this week:
- Positive Sentiment: Multiple analyst upgrades and high price targets signal bullish conviction — Melius Research moved TT up from “hold” to “strong-buy” (and recently from “hold” to “buy” with a $490 target). These upgrades support upside expectations. Read More.
- Positive Sentiment: Barclays maintained an “overweight” stance with a ~$505 price target, implying ~30%+ upside from current levels; that keeps institutional sentiment tilted positive. Read More.
- Neutral Sentiment: Trane scheduled its Q4 2025 earnings conference call for Jan. 29; the company will release results and a presentation ahead of the call — an upcoming catalyst that could move the stock either way. Read More.
- Neutral Sentiment: UBS trimmed its price target to $520 (still well above the current price), and broker consensus remains around a “hold” on average — suggests mixed analyst views. Read More.
- Neutral Sentiment: Corporate/stakeholder news such as Trane’s internal inclusion programs are being reported but are unlikely to move the stock materially in the near term. Read More.
- Negative Sentiment: Analyses and sector commentary raise concern that technology firms (notably Nvidia) and new chip/cooling approaches could disrupt traditional HVAC demand patterns — these headlines have pressured TT shares recently. Read More.
- Negative Sentiment: Media pieces and opinion articles (including a bearish Seeking Alpha take) highlight downside risk and investor nervousness, amplifying short-term selling pressure. Read More.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective 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. KeyCorp raised Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a report on Monday, December 15th. Citigroup boosted their price objective on Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Melius Research upgraded Trane Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. One equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $474.60.
View Our Latest Stock Analysis on Trane Technologies
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.
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