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

Geneos Wealth Management Inc. lowered its stake in Trane Technologies plc (NYSE:TT) by 73.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TT. Financial Consulate Inc. bought a new stake in shares of Trane Technologies during the 3rd quarter valued at about $25,000. Icon Advisers Inc. Co. bought a new stake in Trane Technologies during the 2nd quarter valued at approximately $26,000. Ameriflex Group Inc. purchased a new position in shares of Trane Technologies during the 2nd quarter worth approximately $28,000. Hantz Financial Services Inc. grew its holdings in shares of Trane Technologies by 1,016.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after acquiring an additional 61 shares during the period. Finally, Halbert Hargrove Global Advisors LLC raised 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 acquiring an additional 26 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Up 0.9%

Shares of Trane Technologies stock opened at $381.74 on Friday. The company has a 50-day simple moving average of $404.62 and a two-hundred day simple moving average of $419.00. The stock has a market capitalization of $84.65 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. 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 (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. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter last year, the firm earned $3.37 earnings per share. The firm’s quarterly revenue 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. On average, analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Melius Research upgraded Trane Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Citigroup upped their target price on shares of Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. lifted their price target on shares of Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. 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 research note on Wednesday. Finally, Bank of America raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $490.00 to $550.00 in a research note on Thursday, November 13th. One investment 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $474.60.

Insider Activity at Trane Technologies

In other news, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the completion of the transaction, the chief accounting officer owned 7,148 shares in the company, valued at $3,145,120. The trade was 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. Insiders own 0.14% of the company’s stock.

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.