Geneos Wealth Management Inc. Sells 2,728 Shares of Trane Technologies plc $TT

Geneos Wealth Management Inc. lessened its position in shares of Trane Technologies plc (NYSE:TT) by 73.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 990 shares of the company’s stock after selling 2,728 shares during the period. Geneos Wealth Management Inc.’s holdings in Trane Technologies were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ethic Inc. raised its position in shares of Trane Technologies by 6.6% during the 2nd quarter. Ethic Inc. now owns 26,836 shares of the company’s stock valued at $11,601,000 after buying an additional 1,672 shares in the last quarter. Triton Financial Group Inc purchased a new position in Trane Technologies in the second quarter worth $1,273,000. OMNI 360 Wealth Inc. bought a new position in Trane Technologies in the second quarter valued at $345,000. Hibernia Wealth Partners LLC purchased a new stake in Trane Technologies during the second quarter valued at about $266,000. Finally, Illinois Municipal Retirement Fund lifted its stake 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 last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

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 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 sale, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at $3,145,120. This trade represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Stock Up 0.9%

Shares of Trane Technologies stock opened at $381.74 on Friday. 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 plc has a 52-week low of $298.15 and a 52-week high of $476.18. The company’s 50 day moving average price is $404.62 and its 200-day moving average price is $419.00. The stock has a market capitalization of $84.65 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 1.93 and a beta of 1.21.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share 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 analysts’ expectations of $5.80 billion. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Equities research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TT. Citigroup increased their price objective on Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Royal Bank Of Canada increased their price target on shares of Trane Technologies from $467.00 to $469.00 and gave the company a “sector perform” rating in a research report on Friday, October 31st. KeyCorp upgraded shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Monday, December 15th. Melius raised shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price objective for the company in a research note on Wednesday. Finally, Barclays reduced their target price on shares of Trane Technologies from $506.00 to $505.00 and set an “overweight” rating on the stock in a report on Wednesday. One equities research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $474.60.

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.