Lansforsakringar Fondforvaltning AB publ Trims Position in Trane Technologies plc $TT

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Trane Technologies plc by 28.0%, now holding approximately 132,279 shares valued at $44.57 million.
• Several large investors made significant changes to their positions in Trane Technologies, with Nuveen LLC acquiring a new stake worth $877 million and GAMMA Investing LLC increasing its stake by over 35,000%.
• Trane Technologies last reported a quarterly earnings of $3.88 EPS, surpassing expectations, and has set its FY 2025 guidance at 13.050 EPS.

Lansforsakringar Fondforvaltning AB publ cut its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 28.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,279 shares of the company's stock after selling 51,335 shares during the quarter. Lansforsakringar Fondforvaltning AB publ owned approximately 0.06% of Trane Technologies worth $44,567,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. WFA Asset Management Corp boosted its holdings in Trane Technologies by 208.3% in the first quarter. WFA Asset Management Corp now owns 74 shares of the company's stock worth $25,000 after acquiring an additional 50 shares in the last quarter. Minot DeBlois Advisors LLC purchased a new position in Trane Technologies during the fourth quarter valued at $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in Trane Technologies during the fourth quarter valued at $28,000. Opal Wealth Advisors LLC purchased a new position in Trane Technologies during the first quarter valued at $31,000. Finally, Bogart Wealth LLC lifted its position in shares of Trane Technologies by 97.9% in the first quarter. Bogart Wealth LLC now owns 93 shares of the company's stock valued at $31,000 after acquiring an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

Trane Technologies Trading Down 2.2%

Shares of TT stock traded down $9.15 during trading on Monday, hitting $415.35. 1,278,639 shares of the stock traded hands, compared to its average volume of 1,044,314. The firm has a market capitalization of $92.42 billion, a P/E ratio of 32.94, a price-to-earnings-growth ratio of 2.59 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. The firm's fifty day moving average price is $435.72 and its 200-day moving average price is $396.36. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18.

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

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 5th. Trane Technologies's dividend payout ratio is presently 29.82%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TT shares. Hsbc Global Res cut Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. The Goldman Sachs Group boosted their price target on Trane Technologies from $416.00 to $460.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Barclays upped their target price on Trane Technologies from $480.00 to $495.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Morgan Stanley increased their price objective on Trane Technologies from $445.00 to $520.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Robert W. Baird upped their target price on Trane Technologies from $396.00 to $450.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $458.60.

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.