Belpointe Asset Management LLC Lowers Holdings in Trane Technologies plc $TT

Belpointe Asset Management LLC cut its holdings in Trane Technologies plc (NYSE:TT) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 743 shares of the company’s stock after selling 44 shares during the period. Belpointe Asset Management LLC’s holdings in Trane Technologies were worth $250,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TT. Focus Partners Wealth increased its position in shares of Trane Technologies by 16.4% during the 1st quarter. Focus Partners Wealth now owns 12,672 shares of the company’s stock valued at $4,270,000 after purchasing an additional 1,785 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Trane Technologies in the 1st quarter worth $1,312,000. Advisory Alpha LLC lifted its holdings in shares of Trane Technologies by 23.6% in the 1st quarter. Advisory Alpha LLC now owns 792 shares of the company’s stock worth $267,000 after buying an additional 151 shares during the period. SCS Capital Management LLC purchased a new stake in shares of Trane Technologies in the 1st quarter worth $376,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Trane Technologies by 3.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,400,543 shares of the company’s stock worth $808,791,000 after buying an additional 81,256 shares during the period. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

TT has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on Trane Technologies from $370.00 to $410.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 1st. Citigroup raised their price objective on Trane Technologies from $445.00 to $502.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Barclays raised their price objective on Trane Technologies from $480.00 to $495.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. HSBC lowered Trane Technologies from a “buy” rating to a “hold” rating and raised their target price for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. Finally, Robert W. Baird raised their target price on Trane Technologies from $396.00 to $450.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $458.60.

Trane Technologies Stock Performance

Shares of NYSE:TT opened at $403.27 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The business’s 50 day moving average price is $430.89 and its 200-day moving average price is $400.53. The firm has a market capitalization of $89.73 billion, a PE ratio of 31.98, a P/E/G ratio of 2.50 and a beta of 1.10. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.09. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a return on equity of 36.61% and a net margin of 13.76%.The business’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the sale, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is owned by corporate insiders.

About Trane Technologies

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.