Andra AP fonden Sells 14,800 Shares of Trane Technologies plc $TT

Key Points

• Andra AP fonden cut its Trane Technologies stake by 49.4% in the second quarter, selling 14,800 shares and retaining 15,180 shares valued at approximately $7.46 million.
• Trane Technologies reported quarterly revenue of $6.35 billion and adjusted EPS of $4.31, surpassing analyst estimates; revenue increased 10.6% year over year. Institutional investors own 82.97% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $521.50, although the company’s CEO separately sold 43,778 shares for about $20.8 million under a Rule 10b5-1 plan.

Andra AP fonden decreased its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 49.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,180 shares of the company's stock after selling 14,800 shares during the quarter. Andra AP fonden's holdings in Trane Technologies were worth $7,456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of TT. Norges Bank bought a new stake in Trane Technologies in the fourth quarter valued at $1,163,124,000. Capital International Investors bought a new position in shares of Trane Technologies during the 4th quarter worth about $324,639,000. Amundi grew its stake in shares of Trane Technologies by 47.8% in the 1st quarter. Amundi now owns 2,174,396 shares of the company's stock valued at $906,158,000 after buying an additional 703,018 shares during the period. First Trust Advisors LP grew its stake in shares of Trane Technologies by 536.6% in the 1st quarter. First Trust Advisors LP now owns 532,138 shares of the company's stock valued at $221,763,000 after buying an additional 448,547 shares during the period. Finally, Hsbc Holdings PLC increased its position in Trane Technologies by 215.9% in the 1st quarter. Hsbc Holdings PLC now owns 653,423 shares of the company's stock valued at $271,950,000 after buying an additional 446,598 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Up 1.0%

Shares of NYSE:TT opened at $437.87 on Wednesday. The business's 50 day moving average is $457.71 and its 200 day moving average is $458.46. Trane Technologies plc has a 12-month low of $348.06 and a 12-month high of $505.87. The stock has a market cap of $96.34 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 2.07 and a beta of 1.19. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45.

Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the company posted $3.88 earnings per share. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, sell-side analysts forecast that Trane Technologies plc will post 15.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TT has been the topic of several recent research reports. Sanford C. Bernstein increased their price target on Trane Technologies from $555.00 to $575.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. Wall Street Zen downgraded Trane Technologies from a "buy" rating to a "hold" rating in a report on Sunday, August 30th. Royal Bank Of Canada lowered their target price on Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating on the stock in a research report on Friday, July 31st. Citigroup cut their target price on Trane Technologies from $570.00 to $566.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Trane Technologies from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $521.50.

Insider Activity at Trane Technologies

In related news, CEO David Regnery sold 43,778 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total value of $20,794,550.00. Following the transaction, the chief executive officer directly owned 96,950 shares of the company's stock, valued at approximately $46,051,250. The trade was a 31.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

Trane Technologies Profile

Trane Technologies plc is a global climate-focused company that designs, manufactures and services solutions for heating, ventilation and air conditioning (HVAC), as well as transport refrigeration. Its offerings include commercial and residential HVAC systems, building controls, energy-efficiency solutions, aftermarket services and parts, and related building-management technologies.

The company also serves the transportation market through refrigeration and temperature-control systems for trucks, trailers, rail cars and other applications.

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