Vident Advisory LLC Has $3.34 Million Position in Trane Technologies plc $TT

Key Points

• Vident Advisory LLC increased its stake in Trane Technologies by 32.2% during the first quarter, now holding 9,917 shares valued at approximately $3.34 million.
• Various hedge funds have also raised their positions in Trane Technologies, with holdings by institutional investors now accounting for 82.97% of the stock.
• Trane Technologies reported an earnings per share (EPS) of $3.88 for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.94 payable on September 30th.

Vident Advisory LLC grew its stake in shares of Trane Technologies plc (NYSE:TT - Free Report) by 32.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,917 shares of the company's stock after purchasing an additional 2,415 shares during the quarter. Vident Advisory LLC's holdings in Trane Technologies were worth $3,341,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Kodai Capital Management LP acquired a new position in shares of Trane Technologies during the 1st quarter worth approximately $9,921,000. Evergreen Capital Management LLC increased its position in shares of Trane Technologies by 1.9% during the 1st quarter. Evergreen Capital Management LLC now owns 3,325 shares of the company's stock worth $1,120,000 after purchasing an additional 63 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Trane Technologies by 42.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 339,610 shares of the company's stock worth $114,421,000 after acquiring an additional 101,962 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its holdings in shares of Trane Technologies by 366.7% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 350 shares of the company's stock worth $118,000 after acquiring an additional 275 shares during the last quarter. Finally, WPG Advisers LLC acquired a new position in shares of Trane Technologies during the 1st quarter worth approximately $68,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Trane Technologies Price Performance

Shares of NYSE:TT traded up $4.54 during trading on Thursday, reaching $412.85. 1,243,725 shares of the company traded hands, compared to its average volume of 1,448,586. The company's 50 day moving average is $434.72 and its two-hundred day moving average is $396.90. The firm has a market capitalization of $91.86 billion, a PE ratio of 32.74, a PEG ratio of 2.59 and a beta of 1.10. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. 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 released its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share 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 firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the prior year, the company posted $3.30 EPS. The company's revenue was up 7.6% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. As a group, sell-side analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Insider Activity at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the business'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 completion of the transaction, the chief executive officer owned 123,713 shares of the company's stock, valued at approximately $50,722,330. The trade was a 15.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.14% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TT. JPMorgan Chase & Co. boosted their target price on Trane Technologies from $334.00 to $400.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. HSBC lowered Trane Technologies from a "buy" rating to a "hold" rating and boosted their target price for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. Citigroup boosted their target price on Trane Technologies from $445.00 to $502.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Northcoast Research downgraded Trane Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, August 1st. Finally, Hsbc Global Res downgraded Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Five equities 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. Based on data from MarketBeat.com, the stock currently has a consensus 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.