National Pension Service Increases Stock Holdings in Trane Technologies plc $TT

National Pension Service boosted its position in shares of Trane Technologies plc (NYSE:TT) by 2.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 532,856 shares of the company’s stock after purchasing an additional 12,941 shares during the period. National Pension Service’s holdings in Trane Technologies were worth $261,718,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System boosted its stake in Trane Technologies by 47,507.9% during the second quarter. California State Teachers Retirement System now owns 162,012,073 shares of the company’s stock valued at $79,573,850,000 after buying an additional 161,671,768 shares during the period. Norges Bank bought a new stake in shares of Trane Technologies during the 4th quarter valued at about $1,163,124,000. Capital International Investors bought a new position in shares of Trane Technologies in the fourth quarter worth approximately $324,639,000. Amundi raised its stake in Trane Technologies by 47.8% in the first quarter. Amundi now owns 2,174,396 shares of the company’s stock valued at $906,158,000 after purchasing an additional 703,018 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Trane Technologies by 536.6% in the 1st quarter. First Trust Advisors LP now owns 532,138 shares of the company’s stock worth $221,763,000 after buying an additional 448,547 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Weiss Ratings lowered Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. Citigroup decreased their price objective on Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Royal Bank Of Canada dropped their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” 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 issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $521.50.

Trane Technologies Stock Down 0.3%

Shares of NYSE TT opened at $444.87 on Thursday. The firm’s fifty day moving average is $466.33 and its 200 day moving average is $460.22. Trane Technologies plc has a 52 week low of $348.06 and a 52 week high of $505.87. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. The company has a market cap of $97.88 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.13 and a beta of 1.19.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, equities research analysts expect that Trane Technologies plc will post 15.31 earnings per share for the current year.

Insider Activity at Trane Technologies

In other news, CEO David Regnery sold 43,778 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the completion of the sale, the chief executive officer directly owned 96,950 shares in the company, valued at approximately $46,051,250. This represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Profile

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.