USS Investment Management Ltd Sells 9,450 Shares of Trane Technologies plc $TT

Key Points

• USS Investment Management Ltd reduced its stake in Trane Technologies plc by 57.6%, now holding 6,956 shares valued at approximately $2.34 million.
• Several hedge funds increased their stakes in Trane Technologies, with WFA Asset Management Corp reporting a 208.3% increase to a total of 74 shares.
• Analysts have varied opinions on the stock, with ratings ranging from "buy" to "neutral," and the average consensus target price is $458.60.

USS Investment Management Ltd trimmed its holdings in shares of Trane Technologies plc (NYSE:TT - Free Report) by 57.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,956 shares of the company's stock after selling 9,450 shares during the period. USS Investment Management Ltd's holdings in Trane Technologies were worth $2,343,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TT. WFA Asset Management Corp lifted its position in shares of Trane Technologies by 208.3% during the 1st quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after buying an additional 50 shares during the last quarter. Minot DeBlois Advisors LLC purchased a new stake in Trane Technologies during the fourth quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC bought a new position in Trane Technologies during the fourth quarter worth about $28,000. Saudi Central Bank purchased a new position in shares of Trane Technologies in the first quarter worth about $30,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Trane Technologies in the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Robert W. Baird increased their target price on Trane Technologies from $396.00 to $450.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. The Goldman Sachs Group increased their price objective on Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. UBS Group lifted their target price on Trane Technologies from $500.00 to $544.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Royal Bank Of Canada increased their price target on shares of Trane Technologies from $463.00 to $467.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Finally, Citigroup boosted their price objective on shares of Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $458.60.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 123,713 shares of the company's stock, valued at approximately $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

Trane Technologies Trading Down 0.4%

Shares of NYSE TT traded down $1.50 during mid-day trading on Thursday, hitting $415.82. The stock had a trading volume of 1,483,631 shares, compared to its average volume of 1,132,802. The business has a 50 day moving average price of $432.28 and a two-hundred day moving average price of $399.10. Trane Technologies plc has a 1 year low of $298.15 and a 1 year high of $476.18. 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 firm has a market cap of $92.52 billion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10.

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