Baader Bank Aktiengesellschaft Raises Stake in Trane Technologies plc $TT

Key Points

• Baader Bank Aktiengesellschaft increased its holdings in Trane Technologies plc by 120.1% during the second quarter, now owning a total of 7,498 shares valued at approximately $3.28 million.
• Trane Technologies reported earnings of $3.88 per share for the last quarter, surpassing consensus estimates of $3.79, while revenue was slightly below expectations at $5.75 billion.
• Analysts have varying ratings on Trane Technologies, with five rating it as a Buy, ten as a Hold, and one as a Sell, and an average price target of $457.40.

Baader Bank Aktiengesellschaft grew its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 120.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,498 shares of the company's stock after purchasing an additional 4,092 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Trane Technologies were worth $3,280,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CWA Asset Management Group LLC raised its holdings in shares of Trane Technologies by 19.2% in the 1st quarter. CWA Asset Management Group LLC now owns 1,135 shares of the company's stock valued at $382,000 after purchasing an additional 183 shares in the last quarter. OMNI 360 Wealth Inc. bought a new position in shares of Trane Technologies during the 2nd quarter worth approximately $345,000. Jones Financial Companies Lllp raised its stake in shares of Trane Technologies by 350.3% during the 1st quarter. Jones Financial Companies Lllp now owns 21,191 shares of the company's stock worth $7,140,000 after acquiring an additional 16,485 shares in the last quarter. Nippon Life Global Investors Americas Inc. raised its stake in shares of Trane Technologies by 17.5% during the 1st quarter. Nippon Life Global Investors Americas Inc. now owns 3,090 shares of the company's stock worth $1,041,000 after acquiring an additional 460 shares in the last quarter. Finally, BROOKFIELD Corp ON raised its stake in shares of Trane Technologies by 11.0% during the 1st quarter. BROOKFIELD Corp ON now owns 8,227 shares of the company's stock worth $2,772,000 after acquiring an additional 812 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Hsbc Global Res lowered shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. The Goldman Sachs Group upped their price target on shares of Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. UBS Group upped their price target on shares of Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. HSBC lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and upped their price target for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Finally, Barclays cut their price target on shares of Trane Technologies from $495.00 to $485.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 16th. 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 stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $457.40.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the sale, the chief executive officer directly owned 123,713 shares in the company, valued at $50,722,330. This represents a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by company insiders.

Trane Technologies Price Performance

NYSE:TT traded up $0.72 during trading hours on Monday, reaching $407.30. 343,412 shares of the company were exchanged, compared to its average volume of 1,446,802. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The stock's 50-day moving average is $428.42 and its 200-day moving average is $402.14. The firm has a market cap of $90.63 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18.

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