Temasek Holdings Private Ltd Has $8.89 Million Position in Trane Technologies plc $TT

Key Points

• Temasek Holdings Private Ltd sold 916 shares of Trane Technologies plc, reducing its stake by 3.4%, leaving it with 26,381 shares valued at nearly $8.89 million.
• Major investors like Vanguard, JPMorgan, and Ameriprise have increased their holdings, with Vanguard now owning approximately $6.56 billion worth of shares.
• Trane Technologies reported a 7.6% year-over-year revenue increase of $5.75 billion in its latest quarterly results, surpassing EPS estimates with $3.88 compared to expectations of $3.79.

Temasek Holdings Private Ltd cut its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,381 shares of the company's stock after selling 916 shares during the period. Temasek Holdings Private Ltd's holdings in Trane Technologies were worth $8,888,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Trane Technologies during the 1st quarter worth 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 boosted its stake in Trane Technologies by 245.1% during the 1st quarter. Wellington Management Group LLP now owns 2,144,405 shares of the company's stock worth $722,493,000 after acquiring an additional 1,522,933 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Trane Technologies by 9.8% during the 1st quarter. JPMorgan Chase & Co. now owns 15,722,530 shares of the company's stock worth $5,297,235,000 after acquiring an additional 1,408,421 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Trane Technologies by 95.1% during the 1st quarter. AQR Capital Management LLC now owns 885,039 shares of the company's stock worth $291,727,000 after acquiring an additional 431,495 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Wall Street Analyst Weigh In

TT has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. UBS Group lifted their price objective on shares of Trane Technologies from $500.00 to $544.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. HSBC lowered shares of Trane Technologies from a "buy" rating to a "hold" rating and lifted their price target for the company from $415.00 to $460.00 in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada lifted their price target on shares of Trane Technologies from $463.00 to $467.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $458.60.

Insiders Place Their Bets

In related news, CEO David S. Regnery sold 22,497 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were 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 approximately $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company's stock.

Trane Technologies Stock Up 1.9%

Shares of NYSE TT traded up $7.71 during midday trading on Wednesday, reaching $417.12. The company's stock had a trading volume of 2,264,036 shares, compared to its average volume of 1,448,596. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $476.18. The stock has a market capitalization of $92.81 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.59 and a beta of 1.10. The stock has a 50 day simple moving average of $433.07 and a 200-day simple moving average of $398.50.

Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $0.09. The business had revenue of $5.75 billion for 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 period in the previous year, the company earned $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities research analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

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.