Strs Ohio Acquires New Stake in Trane Technologies plc $TT

by · The Cerbat Gem

Strs Ohio acquired a new stake in shares of Trane Technologies plc (NYSE:TT – Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 84,649 shares of the company’s stock, valued at approximately $28,520,000.

A number of other large investors also recently bought and sold shares of the business. Csenge Advisory Group boosted its holdings in Trane Technologies by 0.6% during the 1st quarter. Csenge Advisory Group now owns 3,944 shares of the company’s stock valued at $1,314,000 after acquiring an additional 25 shares during the period. Fiera Capital Corp lifted its holdings in shares of Trane Technologies by 1.4% in the 1st quarter. Fiera Capital Corp now owns 1,930 shares of the company’s stock worth $650,000 after buying an additional 27 shares during the period. Bingham Private Wealth LLC lifted its holdings in shares of Trane Technologies by 3.2% in the 1st quarter. Bingham Private Wealth LLC now owns 944 shares of the company’s stock worth $318,000 after buying an additional 29 shares during the period. Tradewinds Capital Management LLC lifted its holdings in shares of Trane Technologies by 46.2% in the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company’s stock worth $32,000 after buying an additional 30 shares during the period. Finally, Smith Group Asset Management LLC lifted its holdings in shares of Trane Technologies by 1.2% in the 1st quarter. Smith Group Asset Management LLC now owns 2,610 shares of the company’s stock worth $879,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In related news, CEO David S. Regnery sold 22,497 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at $50,722,330. This represents a 15.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TT shares. Barclays upped their target price on Trane Technologies from $480.00 to $495.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Hsbc Global Res cut Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. UBS Group upped their target price on Trane Technologies from $500.00 to $544.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Northcoast Research cut Trane Technologies from a “buy” rating to a “neutral” rating in a report on Friday, August 1st. Finally, Citigroup boosted their price target on Trane Technologies from $445.00 to $502.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Trane Technologies presently has an average rating of “Hold” and a consensus target price of $458.60.

Get Our Latest Analysis on TT

Trane Technologies Trading Down 0.4%

TT opened at $415.82 on Friday. The firm has a market cap of $92.52 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 2.60 and a beta of 1.10. 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 12 month low of $298.15 and a 12 month high of $476.18. The stock has a fifty day moving average price of $432.28 and a 200-day moving average price of $399.10.

Trane Technologies (NYSE:TT – Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the company posted $3.30 EPS. The firm’s quarterly 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, equities research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

About Trane Technologies

(Free Report)

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.

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