Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Holdings in Trane Technologies plc $TT

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Trane Technologies plc (NYSE:TT) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,243 shares of the company’s stock after purchasing an additional 2,694 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Trane Technologies were worth $27,530,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Consulate Inc. bought a new position in shares of Trane Technologies during the 3rd quarter worth approximately $25,000. Icon Advisers Inc. Co. purchased a new position in Trane Technologies in the second quarter worth $26,000. Ameriflex Group Inc. bought a new position in Trane Technologies in the 2nd quarter valued at $28,000. Hantz Financial Services Inc. increased its position in shares of Trane Technologies by 1,016.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after purchasing an additional 61 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC raised its stake in shares of Trane Technologies by 34.2% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock worth $43,000 after purchasing an additional 26 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Stock Up 0.4%

Trane Technologies stock opened at $387.38 on Friday. The firm has a 50 day simple moving average of $400.58 and a 200 day simple moving average of $417.89. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. Trane Technologies plc has a 1-year low of $298.15 and a 1-year high of $476.18. The firm has a market capitalization of $85.90 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 1.93 and a beta of 1.21.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.08. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period in the previous year, the business earned $3.37 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, analysts predict that Trane Technologies plc will post 12.83 earnings per share for the current year.

Insider Buying and Selling at Trane Technologies

In other news, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $440.00, for a total value of $264,000.00. Following the sale, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. This represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TT shares. Citigroup raised their price objective on shares of Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wells Fargo & Company reduced their target price on shares of Trane Technologies from $415.00 to $375.00 and set an “underweight” rating for the company in a research report on Friday, December 19th. UBS Group lowered their price target on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Melius raised Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price objective for the company in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their target price on Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $475.60.

Trane Technologies Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.