Trane Technologies plc $TT Shares Bought by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. lifted its position in shares of Trane Technologies plc (NYSE:TT) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,472 shares of the company’s stock after acquiring an additional 1,866 shares during the period. Trane Technologies comprises approximately 0.6% of ASR Vermogensbeheer N.V.’s holdings, making the stock its 27th largest holding. ASR Vermogensbeheer N.V.’s holdings in Trane Technologies were worth $51,680,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Financial Consulate Inc. bought a new position in Trane Technologies in the 3rd quarter worth approximately $25,000. Icon Advisers Inc. Co. acquired a new position in Trane Technologies during the 2nd quarter worth $26,000. Ameriflex Group Inc. bought a new position in shares of Trane Technologies in the second quarter worth $28,000. Hantz Financial Services Inc. increased its holdings in shares of Trane Technologies by 1,016.7% during the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after purchasing an additional 61 shares during the period. Finally, Halbert Hargrove Global Advisors LLC raised its stake in shares of Trane Technologies by 34.2% during the third 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 in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TT. Wells Fargo & Company lowered their target price on shares of Trane Technologies from $415.00 to $375.00 and set an “underweight” rating on the stock in a research note on Friday, December 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on Trane Technologies from $407.00 to $434.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Bank of America raised Trane Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $490.00 to $550.00 in a research note on Thursday, November 13th. Finally, Royal Bank Of Canada boosted their price objective on Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies presently has an average rating of “Moderate Buy” and an average target price of $475.60.

Trane Technologies Trading Up 0.5%

NYSE:TT opened at $389.21 on Friday. The stock has a fifty day simple moving average of $399.69 and a 200 day simple moving average of $417.56. The firm has a market capitalization of $86.30 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. 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 quarterly earnings data on Thursday, October 30th. The company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.80 by $0.08. Trane Technologies had a net margin of 13.93% and a return on equity of 37.04%. The company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same period in the prior year, the firm earned $3.37 earnings per share. The business’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. Sell-side analysts forecast that Trane Technologies plc will post 12.83 earnings per share for the current year.

Insider Activity at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of the firm’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 value of $264,000.00. Following the completion of the transaction, the chief accounting officer owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

About Trane Technologies

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.