Woodline Partners LP Raises Stock Position in Trane Technologies plc $TT

Key Points

• Woodline Partners LP increased its stake in Trane Technologies plc by 30.9%, acquiring an additional 15,472 shares, bringing its total holdings to 65,613 shares valued at approximately $22.1 million.
• Numerous institutional investors have also boosted their stakes in Trane Technologies, with Nuveen LLC leading at $877 million for new investments and GAMMA Investing LLC increasing holdings by over 35,000%.
• Trane Technologies reported a quarterly earnings of $3.88 per share, surpassing expectations, while setting FY 2025 guidance at 13.050 EPS amidst fluctuating stock valuations and analyst ratings updates.

Woodline Partners LP grew its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,613 shares of the company's stock after purchasing an additional 15,472 shares during the quarter. Woodline Partners LP's holdings in Trane Technologies were worth $22,106,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TT. Minot DeBlois Advisors LLC acquired a new position in shares of Trane Technologies during the 4th quarter valued at $26,000. WFA Asset Management Corp boosted its position in shares of Trane Technologies by 208.3% during the first 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. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Trane Technologies in the 4th quarter worth $28,000. Saudi Central Bank bought a new stake in Trane Technologies in the 1st quarter worth about $30,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Trane Technologies during the first quarter valued at approximately $31,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Stock Down 3.4%

Trane Technologies stock traded down $13.91 during trading hours on Friday, hitting $400.97. 1,563,705 shares of the stock traded hands, compared to its average volume of 1,162,218. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a market cap of $89.22 billion, a PE ratio of 31.80, a PEG ratio of 2.59 and a beta of 1.10. The firm's 50-day moving average price is $431.51 and its two-hundred day moving average price is $399.46. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18.

Trane Technologies (NYSE:TT - Get Free Report) last announced 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 net margin of 13.76% and a return on equity of 36.61%. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same quarter last year, the firm earned $3.30 earnings per share. The business'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, research analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 22,497 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TT shares. Citigroup increased their price target on shares of Trane Technologies from $445.00 to $502.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Hsbc Global Res cut shares of Trane Technologies from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Barclays raised their target price on Trane Technologies from $480.00 to $495.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. The Goldman Sachs Group upped their price target on shares of Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Northcoast Research downgraded shares of Trane Technologies from a "buy" rating to a "neutral" rating in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price 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.