Robeco Institutional Asset Management B.V. lifted its holdings in shares of Trane Technologies plc (NYSE:TT – Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,281,056 shares of the company’s stock after purchasing an additional 20,934 shares during the quarter. Trane Technologies makes up about 0.9% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 13th biggest position. Robeco Institutional Asset Management B.V.’s holdings in Trane Technologies were worth $560,347,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the business. BSW Wealth Partners increased its stake in shares of Trane Technologies by 18.1% during the 2nd quarter. BSW Wealth Partners now owns 854 shares of the company’s stock worth $374,000 after purchasing an additional 131 shares during the last quarter. Newman Dignan & Sheerar Inc. acquired a new position in shares of Trane Technologies during the 2nd quarter worth $208,000. Heritage Financial Services LLC increased its stake in shares of Trane Technologies by 4.7% during the 2nd quarter. Heritage Financial Services LLC now owns 710 shares of the company’s stock worth $311,000 after purchasing an additional 32 shares during the last quarter. Trust Co. of Vermont increased its stake in shares of Trane Technologies by 25.4% during the 2nd quarter. Trust Co. of Vermont now owns 173 shares of the company’s stock worth $76,000 after purchasing an additional 35 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC increased its stake in shares of Trane Technologies by 193.1% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 381 shares of the company’s stock worth $167,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on TT. Wells Fargo & Company increased their price target on shares of Trane Technologies from $370.00 to $410.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 1st. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. HSBC downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating and upped their price objective for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. UBS Group upped their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, Citigroup decreased their price objective on shares of Trane Technologies from $499.00 to $494.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $457.40.
Insiders Place Their Bets
In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the sale, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by company insiders.
Trane Technologies Price Performance
Shares of Trane Technologies stock opened at $425.69 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The firm has a fifty day moving average price of $423.26 and a two-hundred day moving average price of $405.26. The company has a market cap of $94.72 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12.
Trane Technologies (NYSE:TT – Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the firm earned $3.30 EPS. The business’s revenue was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.
Trane Technologies Profile
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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