Trane Technologies (NYSE:TT) Stock Unloaded Rep. Josh Gottheimer

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 Performance

Shares of Trane Technologies stock traded up $5.34 during trading hours on Thursday, hitting $390.89. 407,084 shares of the company’s stock traded hands, compared to its average volume of 1,079,275. The company has a fifty day simple moving average of $396.47 and a 200-day simple moving average of $372.50. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.22 and a quick ratio of 0.92. The stock has a market capitalization of $87.96 billion, a price-to-earnings ratio of 36.26, a PEG ratio of 1.95 and a beta of 1.06. Trane Technologies plc has a 12-month low of $242.81 and a 12-month high of $422.00.

Trane Technologies (NYSE:TT) last announced 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. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts anticipate that Trane Technologies plc will post 11.13 EPS for the current fiscal year.

Insider Activity

In other Trane Technologies news, SVP Mairead Magner sold 4,329 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $416.00, for a total value of $1,800,864.00. Following the transaction, the senior vice president now owns 12,893 shares of the company’s stock, valued at approximately $5,363,488. This represents a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group began coverage on Trane Technologies in a research report on Wednesday, November 13th. They set a “buy” rating and a $500.00 price target on the stock. Wells Fargo & Company cut their price objective on Trane Technologies from $390.00 to $380.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. 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 report on Thursday, December 5th. HSBC downgraded Trane Technologies from a “buy” rating to a “hold” rating and set a $405.00 price target on the stock. in a research report on Thursday, October 31st. Finally, Citigroup reduced their price objective on Trane Technologies from $478.00 to $476.00 and set a “buy” rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $420.64.

Institutional Trading of Trane Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Grove Bank & Trust increased its stake in Trane Technologies by 3.0% during the 4th quarter. Grove Bank & Trust now owns 3,951 shares of the company’s stock valued at $1,459,000 after purchasing an additional 114 shares in the last quarter. Renaissance Investment Group LLC increased its holdings in shares of Trane Technologies by 7.6% in the 4th quarter. Renaissance Investment Group LLC now owns 25,461 shares of the company’s stock worth $9,404,000 after purchasing an additional 1,801 shares in the last quarter. My Legacy Advisors LLC lifted its holdings in shares of Trane Technologies by 1.1% during the fourth quarter. My Legacy Advisors LLC now owns 5,130 shares of the company’s stock valued at $1,978,000 after purchasing an additional 56 shares in the last quarter. Clarius Group LLC boosted its position in shares of Trane Technologies by 12.5% during the fourth quarter. Clarius Group LLC now owns 1,324 shares of the company’s stock valued at $489,000 after buying an additional 147 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its position in Trane Technologies by 6.5% in the 4th quarter. Aaron Wealth Advisors LLC now owns 1,223 shares of the company’s stock worth $452,000 after buying an additional 75 shares during the last quarter. Hedge funds and other 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.

About Trane Technologies

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.