Boston Common Asset Management LLC Makes New Investment in Trane Technologies plc $TT

Boston Common Asset Management LLC acquired a new stake in Trane Technologies plc (NYSE:TT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 22,622 shares of the company’s stock, valued at approximately $9,546,000.

Several other institutional investors have also made changes to their positions in TT. Norges Bank acquired a new stake in Trane Technologies during the second quarter valued at approximately $1,356,065,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Trane Technologies by 229.3% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,752,551 shares of the company’s stock worth $766,583,000 after buying an additional 1,220,388 shares during the period. Nordea Investment Management AB boosted its stake in Trane Technologies by 89.1% in the 2nd quarter. Nordea Investment Management AB now owns 2,455,734 shares of the company’s stock valued at $1,066,845,000 after buying an additional 1,157,405 shares in the last quarter. ABN AMRO Bank N.V. bought a new stake in Trane Technologies in the second quarter valued at $291,206,000. Finally, Corient Private Wealth LLC increased its position in shares of Trane Technologies by 135.4% during the 2nd quarter. Corient Private Wealth LLC now owns 735,589 shares of the company’s stock worth $321,757,000 after purchasing an additional 423,090 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TT shares. UBS Group dropped their price target on Trane Technologies from $544.00 to $520.00 and set a “buy” rating for the company in a report on Monday, January 5th. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. Barclays cut their price target on Trane Technologies from $506.00 to $505.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Oppenheimer raised shares of Trane Technologies from a “market perform” rating to an “outperform” rating and set a $460.00 price objective on the stock in a report on Tuesday. Finally, Melius Research raised shares of Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 target price for the company in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Trane Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $479.73.

Insider Activity at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction that occurred on 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 in the company, valued at $3,145,120. This trade represents a 7.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Trane Technologies Price Performance

Shares of TT stock opened at $394.96 on Thursday. The firm’s 50 day moving average price is $397.57 and its two-hundred day moving average price is $416.46. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.20. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The stock has a market cap of $87.58 billion, a PE ratio of 30.38, a PEG ratio of 1.94 and a beta of 1.21.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the prior year, the business posted $3.37 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, analysts forecast that Trane Technologies plc will post 12.83 EPS for the current year.

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.