ASR Vermogensbeheer N.V. Sells 17,243 Shares of Trane Technologies plc $TT

Key Points

• ASR Vermogensbeheer N.V. reduced its stake in Trane Technologies plc by 12.5%, selling 17,243 shares, leaving them with a total of 120,606 shares valued at approximately $52.75 million.
• Trane Technologies reported earnings per share of $3.88 for the latest quarter, exceeding expectations, and has set its FY 2025 guidance at 13.050 EPS.
• As of recent ratings, five analysts have a Buy rating on Trane Technologies while the consensus rating is "Hold."

ASR Vermogensbeheer N.V. decreased its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 12.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 120,606 shares of the company's stock after selling 17,243 shares during the period. Trane Technologies makes up 0.7% of ASR Vermogensbeheer N.V.'s holdings, making the stock its 25th largest position. ASR Vermogensbeheer N.V. owned 0.05% of Trane Technologies worth $52,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Csenge Advisory Group increased its holdings in shares of Trane Technologies by 0.6% during the first quarter. Csenge Advisory Group now owns 3,944 shares of the company's stock worth $1,314,000 after purchasing an additional 25 shares during the period. CBIZ Investment Advisory Services LLC increased its holdings in shares of Trane Technologies by 23.4% during the first quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company's stock worth $46,000 after purchasing an additional 26 shares during the period. Fiera Capital Corp increased its holdings in shares of Trane Technologies by 1.4% during the first quarter. Fiera Capital Corp now owns 1,930 shares of the company's stock worth $650,000 after purchasing an additional 27 shares during the period. Old Port Advisors increased its holdings in shares of Trane Technologies by 3.7% during the second quarter. Old Port Advisors now owns 754 shares of the company's stock worth $330,000 after purchasing an additional 27 shares during the period. Finally, Bingham Private Wealth LLC increased its holdings in shares of Trane Technologies by 3.2% during the first quarter. Bingham Private Wealth LLC now owns 944 shares of the company's stock worth $318,000 after purchasing an additional 29 shares during the period. Institutional investors own 82.97% of the company's stock.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $425.69 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The stock has a market cap of $94.72 billion, a price-to-earnings ratio of 33.76, a P/E/G ratio of 2.62 and a beta of 1.12. The company's fifty day moving average is $423.26 and its 200 day moving average is $405.26.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.09. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The company had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.77 billion. During the same quarter in the previous year, the firm posted $3.30 earnings per share. Trane Technologies's revenue for the quarter was up 7.6% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Sell-side analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the business's 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 sale, the chief executive officer owned 123,713 shares of the company's stock, valued at $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on TT shares. UBS Group raised their target price 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. Hsbc Global Res cut shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Morgan Stanley raised their target price on shares of Trane Technologies from $445.00 to $520.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Northcoast Research lowered shares of Trane Technologies from a "buy" rating to a "neutral" rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada increased their price target on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Trane Technologies has a consensus rating of "Hold" and an average price target of $457.40.

Trane Technologies Company 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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