Turtle Creek Wealth Advisors LLC Buys 2,097 Shares of Trane Technologies plc $TT

Turtle Creek Wealth Advisors LLC boosted its stake in shares of Trane Technologies plc (NYSE:TT) by 15.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,898 shares of the company’s stock after buying an additional 2,097 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Trane Technologies were worth $6,708,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NorthRock Partners LLC boosted its holdings in shares of Trane Technologies by 1.2% in the 2nd quarter. NorthRock Partners LLC now owns 2,052 shares of the company’s stock valued at $898,000 after buying an additional 24 shares during the last quarter. King Luther Capital Management Corp increased its holdings in Trane Technologies by 1.3% during the second quarter. King Luther Capital Management Corp now owns 1,942 shares of the company’s stock worth $849,000 after buying an additional 24 shares during the last quarter. Old Port Advisors raised its position in Trane Technologies by 3.2% during the third quarter. Old Port Advisors now owns 778 shares of the company’s stock worth $328,000 after acquiring an additional 24 shares in the last quarter. Confluence Wealth Services Inc. lifted its stake in Trane Technologies by 0.7% in the second quarter. Confluence Wealth Services Inc. now owns 3,609 shares of the company’s stock valued at $1,579,000 after acquiring an additional 25 shares during the last quarter. Finally, Busey Bank lifted its stake in Trane Technologies by 3.0% in the third quarter. Busey Bank now owns 871 shares of the company’s stock valued at $368,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $440.00, for a total transaction of $264,000.00. Following the transaction, the chief accounting officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TT. Barclays lowered their price objective on shares of Trane Technologies from $506.00 to $505.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. KeyCorp upgraded 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. UBS Group dropped their price objective 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research report on Wednesday, October 8th. Finally, Melius Research upgraded Trane Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. One 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $475.60.

Trane Technologies Price Performance

Trane Technologies stock opened at $389.21 on Tuesday. The company has a market capitalization of $86.30 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.95 and a beta of 1.21. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The stock’s 50 day moving average is $398.80 and its 200-day moving average is $416.98.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.08. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Equities research analysts expect 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.