Trane Technologies plc $TT Shares Sold by Fulcrum Capital LLC

Fulcrum Capital LLC decreased its stake in Trane Technologies plc (NYSE:TT) by 13.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,021 shares of the company’s stock after selling 5,495 shares during the quarter. Trane Technologies makes up about 3.1% of Fulcrum Capital LLC’s investment portfolio, making the stock its 8th largest position. Fulcrum Capital LLC’s holdings in Trane Technologies were worth $15,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TT. Financial Consulate Inc. bought a new stake in shares of Trane Technologies in the 3rd quarter worth about $25,000. Icon Advisers Inc. Co. acquired a new stake in shares of Trane Technologies during the second quarter worth approximately $26,000. Ameriflex Group Inc. bought a new position in shares of Trane Technologies in the second quarter valued at approximately $28,000. Hantz Financial Services Inc. grew its position in 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 last quarter. Finally, Halbert Hargrove Global Advisors LLC raised its position in Trane Technologies by 34.2% in 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. 82.97% of the stock is owned by institutional investors.

Trane Technologies Stock Up 0.5%

NYSE:TT opened at $389.21 on Friday. The stock’s fifty day simple moving average is $399.69 and its 200-day simple moving average is $417.56. The firm has a market capitalization of $86.30 billion, a P/E ratio of 29.94, a P/E/G ratio of 1.94 and a beta of 1.21. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.47. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18.

Trane Technologies (NYSE:TT) last released its 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 return on equity of 37.04% and a net margin of 13.93%.The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the prior year, the firm posted $3.37 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current year.

Insiders Place Their Bets

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 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 owned 7,148 shares in the company, valued at approximately $3,145,120. The trade was a 7.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TT has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price target on Trane Technologies from $415.00 to $375.00 and set an “underweight” rating for the company in a report on Friday, December 19th. JPMorgan Chase & Co. upped their target price on shares of Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Bank of America upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $490.00 to $550.00 in a research report on Thursday, November 13th. Morgan Stanley lowered their target price on Trane Technologies from $550.00 to $535.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Barclays cut their price target on Trane Technologies from $506.00 to $505.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Trane Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $475.60.

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.