Representative Josh Gottheimer (D-New Jersey) recently sold shares of Trane Technologies plc NYSE: TT. In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Trane Technologies stock on December 5th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.
Representative Josh Gottheimer also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Block NYSE: SQ on 12/30/2024.
- Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 12/30/2024.
- Sold $1,001 - $15,000 in shares of Ambev NYSE: ABEV on 12/27/2024.
- Sold $1,001 - $15,000 in shares of Grupo Financiero Banorte OTCMKTS: GBOOY on 12/27/2024.
- Sold $1,001 - $15,000 in shares of Cadre NYSE: CDRE on 12/27/2024.
- Sold $1,001 - $15,000 in shares of Coloplast A/S OTCMKTS: CLPBY on 12/27/2024.
- Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 12/23/2024.
- Sold $1,001 - $15,000 in shares of Trane Technologies NYSE: TT on 12/23/2024.
- Purchased $1,001 - $15,000 in shares of Walmart NYSE: WMT on 12/20/2024.
- Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/19/2024.
Trane Technologies Stock Up 0.9 %
Shares of NYSE:TT traded up $3.34 during trading on Thursday, hitting $388.89. The stock had a trading volume of 1,071,499 shares, compared to its average volume of 1,149,460. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 0.57. Trane Technologies plc has a 12 month low of $242.81 and a 12 month high of $422.00. The company has a market capitalization of $87.51 billion, a PE ratio of 36.08, a PEG ratio of 1.95 and a beta of 1.06. The firm's fifty day moving average is $396.35 and its 200 day moving average is $372.59.
Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $3.37 EPS for the quarter, topping the consensus estimate of $3.23 by $0.14. Trane Technologies had a net margin of 12.73% and a return on equity of 34.62%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the previous year, the firm posted $2.79 earnings per share. Trane Technologies's quarterly revenue was up 10.0% on a year-over-year basis. Analysts anticipate that Trane Technologies plc will post 11.13 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. HSBC cut Trane Technologies from a "buy" rating to a "hold" rating and set a $405.00 price objective for the company. in a research note on Thursday, October 31st. Northcoast Research assumed coverage on shares of Trane Technologies in a research note on Friday, November 22nd. They issued a "buy" rating and a $500.00 price target on the stock. Barclays raised their price objective on shares of Trane Technologies from $440.00 to $500.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. UBS Group started coverage on shares of Trane Technologies in a research note on Wednesday, November 13th. They issued a "buy" rating and a $500.00 target price on the stock. Finally, Robert W. Baird decreased their price objective on shares of Trane Technologies from $408.00 to $404.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $420.64.
Get Our Latest Stock Report on Trane Technologies
Insider Transactions at Trane Technologies
In other news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $416.00, for a total value of $1,800,864.00. Following the completion of the sale, the senior vice president now directly owns 12,893 shares of the company's stock, valued at $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of TT. FMR LLC lifted its stake in shares of Trane Technologies by 4.0% in the 3rd quarter. FMR LLC now owns 10,337,672 shares of the company's stock worth $4,018,563,000 after purchasing an additional 397,537 shares during the period. State Street Corp increased its holdings in Trane Technologies by 0.8% during the third quarter. State Street Corp now owns 9,769,161 shares of the company's stock valued at $3,797,565,000 after buying an additional 77,830 shares during the last quarter. Geode Capital Management LLC raised its position in Trane Technologies by 1.4% in the third quarter. Geode Capital Management LLC now owns 4,638,914 shares of the company's stock worth $1,797,700,000 after acquiring an additional 65,991 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Trane Technologies by 35.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,550,511 shares of the company's stock worth $991,460,000 after acquiring an additional 671,691 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Trane Technologies by 0.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,142,081 shares of the company's stock valued at $832,691,000 after acquiring an additional 20,151 shares during the period. Institutional investors own 82.97% of the company's stock.
About Representative Gottheimer
Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.
Trane Technologies Company Profile
(
Get Free Report)
Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.
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