Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Position in Trane Technologies plc $TT

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Trane Technologies plc (NYSE:TT) by 4.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 65,243 shares of the company’s stock after acquiring an additional 2,694 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Trane Technologies were worth $27,530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TT. Ethic Inc. raised its holdings in shares of Trane Technologies by 6.6% during the 2nd quarter. Ethic Inc. now owns 26,836 shares of the company’s stock valued at $11,601,000 after buying an additional 1,672 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Trane Technologies by 2.4% in the 3rd quarter. Nordea Investment Management AB now owns 2,513,508 shares of the company’s stock valued at $1,051,049,000 after purchasing an additional 57,774 shares in the last quarter. Triton Financial Group Inc bought a new position in shares of Trane Technologies during the 2nd quarter valued at $1,273,000. Hibernia Wealth Partners LLC purchased a new position in Trane Technologies in the 2nd quarter worth $266,000. Finally, Illinois Municipal Retirement Fund lifted its stake in Trane Technologies by 2.7% in the second quarter. Illinois Municipal Retirement Fund now owns 28,083 shares of the company’s stock worth $12,284,000 after purchasing an additional 726 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In other news, CAO Elizabeth A. Elwell sold 600 shares of the business’s stock in a transaction 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Price Performance

Shares of Trane Technologies stock opened at $387.38 on Friday. The business has a 50 day moving average of $400.58 and a 200 day moving average of $417.89. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $476.18. The company has a market cap of $85.90 billion, a PE ratio of 29.80, a P/E/G ratio of 1.93 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 (NYSE:TT) last posted its earnings results on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.08. The firm 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 for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, equities research analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on TT. Royal Bank Of Canada lifted their price objective on Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research note on Wednesday, October 8th. Melius raised Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price objective for the company in a research note on Wednesday, January 7th. Barclays decreased their target price on shares of Trane Technologies from $506.00 to $505.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 7th. Finally, UBS Group dropped their price target on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Trane Technologies presently has a consensus rating of “Moderate Buy” and an average price target 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.