BLVD Private Wealth LLC Raises Holdings in Trane Technologies plc $TT

BLVD Private Wealth LLC boosted its position in Trane Technologies plc (NYSE:TT) by 15.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,605 shares of the company’s stock after purchasing an additional 8,459 shares during the quarter. Trane Technologies makes up approximately 23.0% of BLVD Private Wealth LLC’s investment portfolio, making the stock its largest holding. BLVD Private Wealth LLC’s holdings in Trane Technologies were worth $26,839,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Icon Advisers Inc. Co. purchased a new stake in Trane Technologies during the second quarter valued at approximately $26,000. Financial Consulate Inc. acquired a new position in shares of Trane Technologies during the third quarter worth $25,000. Ameriflex Group Inc. purchased a new stake in shares of Trane Technologies during the 2nd quarter valued at $28,000. Hantz Financial Services Inc. boosted its position 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 purchasing an additional 61 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC boosted its position in shares of Trane Technologies by 34.2% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock worth $43,000 after purchasing an additional 26 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Activity at Trane Technologies

In other news, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total transaction of $264,000.00. Following the completion of the transaction, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at $3,145,120. The trade was a 7.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by insiders.

Trane Technologies Trading Up 0.5%

Shares of Trane Technologies stock opened at $389.21 on Friday. The stock has a market cap of $86.30 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. The firm has a fifty day moving average price of $399.69 and a 200 day moving average price of $417.44. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, beating the consensus estimate of $3.80 by $0.08. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates 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 was up 5.5% on a year-over-year basis. During the same period 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. Equities research analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TT. Morgan Stanley lowered their price target on Trane Technologies from $550.00 to $535.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Wells Fargo & Company lowered their target price 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. Citigroup upped their price target on shares of 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 raised shares of Trane Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Finally, Melius raised shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price objective on the stock in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $475.60.

Trane Technologies 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.