Cullen Frost Bankers Inc. Increases Holdings in Trane Technologies plc $TT

Cullen Frost Bankers Inc. grew its stake in shares of Trane Technologies plc (NYSE:TT) by 7.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,211 shares of the company’s stock after acquiring an additional 1,884 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Trane Technologies were worth $11,904,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Financial Consulate Inc. purchased a new position in Trane Technologies in the third quarter worth about $25,000. Icon Advisers Inc. Co. bought a new stake in shares of Trane Technologies during the second quarter valued at approximately $26,000. Ameriflex Group Inc. purchased a new position in Trane Technologies in the 2nd quarter worth approximately $28,000. Hantz Financial Services Inc. lifted its position in Trane Technologies by 1,016.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after acquiring an additional 61 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC boosted its stake in Trane Technologies by 34.2% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock valued at $43,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Morgan Stanley lowered their price target on Trane Technologies from $550.00 to $535.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Barclays lowered their target price 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. Bank of America raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and raised their price target for the company from $490.00 to $550.00 in a report on Thursday, November 13th. Wells Fargo & Company decreased their price objective on shares of Trane Technologies from $415.00 to $375.00 and set an “underweight” rating for the company in a report on Friday, December 19th. Finally, Citigroup raised their target price on shares of Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Trane Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $479.73.

Insider Buying and Selling at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was 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 in the company, valued at approximately $3,145,120. The trade was a 7.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Trane Technologies Trading Down 1.0%

Shares of Trane Technologies stock opened at $386.36 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84. The stock has a market capitalization of $85.67 billion, a PE ratio of 29.72, a P/E/G ratio of 1.93 and a beta of 1.21. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. The company’s fifty day simple moving average is $396.44 and its 200-day simple moving average is $415.74.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The company had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same period last year, the firm earned $3.37 EPS. Trane Technologies’s revenue for the quarter 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. As a group, equities analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

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.