California State Teachers Retirement System Sells 10,449 Shares of Trane Technologies plc $TT

California State Teachers Retirement System decreased its position in Trane Technologies plc (NYSE:TT - Free Report) by 3.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 329,856 shares of the company's stock after selling 10,449 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Trane Technologies worth $162,012,073 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SEB Asset Management AB bought a new stake in Trane Technologies during the 1st quarter worth approximately $47,195,000. North Dakota State Investment Board bought a new stake in Trane Technologies during the 4th quarter worth approximately $2,976,000. Nicholson Wealth Management Group LLC purchased a new position in Trane Technologies during the first quarter worth $1,644,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Trane Technologies by 54.4% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,153 shares of the company's stock worth $41,321,000 after acquiring an additional 34,930 shares in the last quarter. Finally, Rathbones Group PLC lifted its position in Trane Technologies by 3.6% during the fourth quarter. Rathbones Group PLC now owns 68,570 shares of the company's stock valued at $26,687,000 after purchasing an additional 2,375 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Down 2.0%

Shares of NYSE:TT traded down $8.50 during trading hours on Tuesday, reaching $417.51. The stock had a trading volume of 735,029 shares, compared to its average volume of 1,376,266. The firm's 50 day moving average is $463.65 and its 200-day moving average is $459.64. Trane Technologies plc has a 1 year low of $348.06 and a 1 year high of $505.87. The stock has a market capitalization of $91.86 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 2.11 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07.

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

Insider Buying and Selling

In other Trane Technologies news, CEO David Regnery sold 43,778 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer owned 96,950 shares in the company, valued at $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TT shares. Citigroup decreased their price objective on shares of Trane Technologies from $570.00 to $566.00 and set a "buy" rating for the company in a research note on Friday, July 31st. Wall Street Zen downgraded Trane Technologies from a "buy" rating to a "hold" rating in a report on Sunday, August 30th. Sanford C. Bernstein upped their price target on Trane Technologies from $555.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Weiss Ratings raised shares of Trane Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday. Finally, Royal Bank Of Canada reduced their target price on shares of Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating for the company in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $521.50.

Trane Technologies Company 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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