Universal Beteiligungs und Servicegesellschaft mbH Raises Stake in Trane Technologies plc $TT

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Trane Technologies plc (NYSE:TT) by 14.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 398,999 shares of the company’s stock after purchasing an additional 49,164 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.18% of Trane Technologies worth $168,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TT. Brighton Jones LLC boosted its holdings in Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after buying an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Trane Technologies by 22.4% in the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock valued at $728,000 after purchasing an additional 305 shares during the period. Wedge Capital Management L L P NC purchased a new position in Trane Technologies during the second quarter worth about $216,000. Farther Finance Advisors LLC lifted its holdings in Trane Technologies by 31.0% in the second quarter. Farther Finance Advisors LLC now owns 4,164 shares of the company’s stock valued at $1,821,000 after acquiring an additional 985 shares during the last quarter. Finally, CHICAGO TRUST Co NA grew its holdings in shares of Trane Technologies by 7.3% during the 2nd quarter. CHICAGO TRUST Co NA now owns 4,481 shares of the company’s stock worth $1,960,000 after purchasing an additional 305 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Performance

Shares of TT stock opened at $386.92 on Wednesday. The stock’s 50-day moving average is $398.12 and its two-hundred day moving average is $416.61. The firm has a market cap of $85.79 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 1.95 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.20. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.80 billion. During the same period last year, the firm posted $3.37 EPS. Trane Technologies’s revenue for the quarter was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Insider Activity at Trane Technologies

In other news, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 7,148 shares in the company, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TT shares. Melius raised shares of 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. KeyCorp raised shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research report on Monday, December 15th. Melius Research raised Trane Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. Finally, Morgan Stanley lowered their target price on Trane Technologies from $550.00 to $535.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $474.63.

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.