MGO One Seven LLC Buys 6,458 Shares of Trane Technologies plc $TT

MGO One Seven LLC boosted its position in shares of Trane Technologies plc (NYSE:TT) by 181.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,022 shares of the company’s stock after buying an additional 6,458 shares during the quarter. MGO One Seven LLC’s holdings in Trane Technologies were worth $4,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in TT. NorthRock Partners LLC grew its holdings in Trane Technologies by 1.2% during the 2nd quarter. NorthRock Partners LLC now owns 2,052 shares of the company’s stock valued at $898,000 after purchasing an additional 24 shares during the last quarter. King Luther Capital Management Corp grew its stake in shares of Trane Technologies by 1.3% during the second quarter. King Luther Capital Management Corp now owns 1,942 shares of the company’s stock valued at $849,000 after buying an additional 24 shares during the last quarter. Old Port Advisors raised its holdings in shares of Trane Technologies by 3.2% in the third quarter. Old Port Advisors now owns 778 shares of the company’s stock worth $328,000 after buying an additional 24 shares during the period. Confluence Wealth Services Inc. lifted its stake in shares of Trane Technologies by 0.7% during the 2nd quarter. Confluence Wealth Services Inc. now owns 3,609 shares of the company’s stock worth $1,579,000 after acquiring an additional 25 shares during the last quarter. Finally, Busey Bank boosted its holdings in Trane Technologies by 3.0% during the 3rd quarter. Busey Bank now owns 871 shares of the company’s stock valued at $368,000 after acquiring an additional 25 shares during the period. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Stock Performance

Shares of NYSE:TT opened at $385.31 on Tuesday. The firm has a 50 day moving average of $403.40 and a 200 day moving average of $418.62. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $85.44 billion, a price-to-earnings ratio of 29.64, 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.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.80 by $0.08. The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.80 billion. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, sell-side analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

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 value of $264,000.00. Following the transaction, the chief accounting officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

TT has been the subject of several research analyst reports. Barclays decreased their target price on Trane Technologies from $506.00 to $505.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Bank of America raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $490.00 to $550.00 in a research report on Thursday, November 13th. Melius raised shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 target price on the stock in a research report on Wednesday, January 7th. Citigroup boosted their price target on Trane Technologies from $494.00 to $513.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, UBS Group reduced their price objective on Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, January 5th. One investment 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 issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.