Foresight Group Ltd Liability Partnership Grows Position in Trane Technologies plc $TT

Key Points

• Foresight Group Ltd Liability Partnership increased its stake in Trane Technologies by an impressive 1,010.4%, acquiring a total of 29,848 shares valued at approximately $10 million.
• CEO David S. Regnery sold 22,497 shares at an average price of $410, reducing his holdings by 15.39%, leaving him with 123,713 shares valued at over $50 million.
• Analysts are optimistic about Trane Technologies, with several firms raising their price targets, including Citigroup, which upped its target from $445 to $502 and assigned a "buy" rating.

Foresight Group Ltd Liability Partnership raised its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 1,010.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,848 shares of the company's stock after acquiring an additional 27,160 shares during the period. Trane Technologies makes up approximately 1.5% of Foresight Group Ltd Liability Partnership's holdings, making the stock its 29th biggest holding. Foresight Group Ltd Liability Partnership's holdings in Trane Technologies were worth $10,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CWA Asset Management Group LLC raised its stake in Trane Technologies by 19.2% during the first 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. Nippon Life Global Investors Americas Inc. raised its position 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 valued at $1,041,000 after buying an additional 460 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company's stock valued at $2,288,000 after acquiring an additional 2,323 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Trane Technologies by 495.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,252 shares of the company's stock worth $1,433,000 after acquiring an additional 3,538 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Trane Technologies by 13.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,141 shares of the company's stock worth $3,417,000 after acquiring an additional 1,198 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the firm's stock in a transaction 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 in the company, valued at $50,722,330. This trade represents a 15.39% decrease in their position. The transaction 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 company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TT. The Goldman Sachs Group raised their price objective on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Citigroup lifted their price objective on shares of Trane Technologies from $445.00 to $502.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on shares of Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Barclays raised their target price on shares of Trane Technologies from $480.00 to $495.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Hsbc Global Res downgraded shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $458.60.

Trane Technologies Trading Up 1.9%

TT stock opened at $417.12 on Thursday. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18. The firm's 50-day moving average is $432.76 and its 200 day moving average is $398.63. The company has a market capitalization of $92.81 billion, a PE ratio of 33.08, a P/E/G ratio of 2.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76.

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, beating the consensus estimate of $3.79 by $0.09. The company 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%. The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.30 EPS. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. On average, research analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current 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.

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