National Pension Service Acquires 12,941 Shares of Trane Technologies plc $TT

Key Points

• National Pension Service increased its Trane Technologies stake by 2.5% in the second quarter, adding 12,941 shares to own 532,856 shares valued at approximately $261.7 million. Institutional investors collectively hold 82.97% of the company.
• Analysts maintain a generally positive outlook, with Trane Technologies carrying a “Moderate Buy” consensus rating and an average price target of $521.50. Recent targets range from $476 to $575.
• Trane Technologies exceeded quarterly expectations, reporting adjusted EPS of $4.31 versus the $4.27 consensus and revenue of $6.35 billion, up 10.6% year over year. CEO David Regnery separately sold 43,778 shares under a pre-arranged trading plan.

National Pension Service raised its holdings in Trane Technologies plc (NYSE:TT - Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 532,856 shares of the company's stock after buying an additional 12,941 shares during the quarter. National Pension Service owned 0.24% of Trane Technologies worth $261,718,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. SEB Asset Management AB acquired a new position in Trane Technologies during the 1st quarter worth approximately $47,195,000. North Dakota State Investment Board acquired a new stake in Trane Technologies in the fourth quarter valued at approximately $2,976,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Trane Technologies by 54.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,153 shares of the company's stock valued at $41,321,000 after acquiring an additional 34,930 shares during the period. Nicholson Wealth Management Group LLC bought a new stake in shares of Trane Technologies during the first quarter valued at approximately $1,644,000. Finally, Rathbones Group PLC raised its position in shares of Trane Technologies by 3.6% during the fourth quarter. Rathbones Group PLC now owns 68,570 shares of the company's stock worth $26,687,000 after purchasing an additional 2,375 shares during the period. Institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Sanford C. Bernstein lifted their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Wall Street Zen downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating in a report on Sunday, August 30th. Royal Bank Of Canada dropped their price objective on shares of Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating on the stock in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Trane Technologies from $460.00 to $476.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. Finally, Citigroup decreased their target price on shares of Trane Technologies from $570.00 to $566.00 and set a "buy" rating for the company in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $521.50.

Insiders Place Their Bets

In related news, CEO David Regnery sold 43,778 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the sale, the chief executive officer directly owned 96,950 shares in the company, valued at approximately $46,051,250. The trade was a 31.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company's stock.

Trane Technologies Stock Performance

Shares of TT stock opened at $444.87 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. The firm has a market cap of $97.88 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 2.13 and a beta of 1.19. Trane Technologies plc has a 52 week low of $348.06 and a 52 week high of $505.87. The firm's 50-day simple moving average is $466.33 and its two-hundred day simple moving average is $460.22.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the business posted $3.88 EPS. Trane Technologies's quarterly revenue was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, equities analysts forecast that Trane Technologies plc will post 15.31 earnings per share for the current year.

About Trane Technologies

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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