Federation des caisses Desjardins du Quebec Has $3.92 Million Position in Trane Technologies plc $TT

Key Points

• The Federation des caisses Desjardins du Quebec reduced its stake in Trane Technologies plc by 56.3%, owning 11,636 shares worth approximately $3.92 million after selling 15,014 shares.
• Vanguard Group Inc. and JPMorgan Chase & Co. increased their positions in Trane Technologies, with Vanguard now holding 19.46 million shares valued at about $6.56 billion, indicating strong institutional interest in the company.
• Analysts have set new price targets for Trane Technologies, with Citigroup raising its target from $445 to $502 and UBS raising theirs from $500 to $544, reflecting optimism about the company's future performance.

Federation des caisses Desjardins du Quebec lessened its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 56.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,636 shares of the company's stock after selling 15,014 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Trane Technologies were worth $3,921,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Nuveen LLC acquired a new position in Trane Technologies in the first quarter valued at about $877,468,000. GAMMA Investing LLC boosted its stake in Trane Technologies by 35,458.2% during the 1st quarter. GAMMA Investing LLC now owns 2,015,792 shares of the company's stock worth $679,161,000 after acquiring an additional 2,010,123 shares during the last quarter. Wellington Management Group LLP grew its holdings in Trane Technologies by 245.1% during the first quarter. Wellington Management Group LLP now owns 2,144,405 shares of the company's stock valued at $722,493,000 after purchasing an additional 1,522,933 shares during the period. JPMorgan Chase & Co. increased its stake in Trane Technologies by 9.8% in the first quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company's stock valued at $5,297,235,000 after purchasing an additional 1,408,421 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in shares of Trane Technologies by 27.3% during the first quarter. Pictet Asset Management Holding SA now owns 1,915,630 shares of the company's stock worth $645,343,000 after purchasing an additional 410,734 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TT has been the topic of several research analyst reports. Robert W. Baird raised their price objective on Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Citigroup raised their target price on shares of Trane Technologies from $445.00 to $502.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Royal Bank Of Canada increased their price objective 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. Wells Fargo & Company increased their target price on Trane Technologies from $370.00 to $410.00 and gave the stock an "underweight" rating in a report on Tuesday, July 1st. Finally, Barclays upped their price objective on Trane Technologies from $480.00 to $495.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $458.60.

Trane Technologies Stock Down 1.5%

TT traded down $6.20 during trading on Tuesday, reaching $408.74. 1,152,365 shares of the stock were exchanged, compared to its average volume of 1,441,295. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.10. The stock's 50 day moving average price is $433.57 and its two-hundred day moving average price is $398.43. 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 $90.95 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 2.58 and a beta of 1.10.

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 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 analyst estimates of $5.77 billion. During the same period in the previous year, the business earned $3.30 EPS. Trane Technologies's revenue for the quarter was up 7.6% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the transaction, the chief executive officer directly owned 123,713 shares of the company's stock, valued at approximately $50,722,330. The trade was a 15.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company's stock.

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.