AMF Tjanstepension AB Reduces Holdings in Trane Technologies plc $TT

AMF Tjanstepension AB reduced its position in Trane Technologies plc (NYSE:TT) by 50.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,304 shares of the company’s stock after selling 47,379 shares during the quarter. AMF Tjanstepension AB’s holdings in Trane Technologies were worth $19,538,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TT. Financial Consulate Inc. purchased a new position in Trane Technologies during the third quarter worth about $25,000. Icon Advisers Inc. Co. acquired a new stake in shares of Trane Technologies in the second quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new position in shares of Trane Technologies in the 2nd quarter worth $28,000. Hantz Financial Services Inc. lifted its holdings 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 acquiring an additional 61 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its stake in shares of Trane Technologies by 34.2% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock valued at $43,000 after buying an additional 26 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Trading Down 1.0%

Shares of Trane Technologies stock opened at $386.36 on Friday. The company’s fifty day moving average price is $396.44 and its two-hundred day moving average price is $415.86. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The firm has a market capitalization of $85.67 billion, a PE ratio of 29.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.20 and a quick ratio of 0.84.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $5.80 billion. During the same period last year, the business earned $3.37 earnings per share. The business’s 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. On average, analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Insiders Place Their Bets

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of the business’s 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 completion of the transaction, the chief accounting officer directly owned 7,148 shares of the company’s stock, valued at approximately $3,145,120. The trade was a 7.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TT. UBS Group dropped their target price on Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Royal Bank Of Canada lifted their price objective on shares of Trane Technologies from $467.00 to $469.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. Wells Fargo & Company cut their target price on Trane Technologies from $415.00 to $375.00 and set an “underweight” rating on the stock in a research report on Friday, December 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research report on Wednesday. Finally, KeyCorp upgraded Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Monday, December 15th. One 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 given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $479.73.

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.