PGGM Investments Has $23.44 Million Stock Position in Trane Technologies plc $TT

PGGM Investments trimmed its holdings in shares of Trane Technologies plc (NYSE:TT) by 57.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,542 shares of the company’s stock after selling 75,572 shares during the quarter. PGGM Investments’ holdings in Trane Technologies were worth $23,437,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TT. Brighton Jones LLC raised its position in shares of Trane Technologies by 60.0% in the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after buying an additional 2,323 shares in the last quarter. Parallel Advisors LLC raised its stake in Trane Technologies by 4.1% in the second quarter. Parallel Advisors LLC now owns 3,056 shares of the company’s stock valued at $1,337,000 after purchasing an additional 120 shares in the last quarter. Balefire LLC lifted its holdings in shares of Trane Technologies by 54.4% during the 2nd quarter. Balefire LLC now owns 1,527 shares of the company’s stock worth $668,000 after acquiring an additional 538 shares during the period. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Trane Technologies in the 2nd quarter valued at $1,462,000. Finally, Aaron Wealth Advisors LLC boosted its stake in Trane Technologies by 10.3% in the second quarter. Aaron Wealth Advisors LLC now owns 1,363 shares of the company’s stock valued at $596,000 after buying an additional 127 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

TT has been the topic of several research reports. Royal Bank Of Canada lifted their price target on shares of Trane Technologies from $467.00 to $469.00 and gave the company a “sector perform” rating in a report on Friday, October 31st. Bank of America raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $490.00 to $550.00 in a research note on Thursday, November 13th. Barclays lowered their price target on shares of Trane Technologies from $506.00 to $505.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Melius Research raised Trane Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Finally, Citigroup boosted their price objective on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $475.60.

Trane Technologies Stock Performance

NYSE TT opened at $387.38 on Friday. The company has a market capitalization of $85.90 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 1.93 and a beta of 1.21. The company has a quick ratio of 0.84, a current ratio of 1.20 and a debt-to-equity ratio of 0.47. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $476.18. The stock has a fifty day simple moving average of $400.58 and a 200 day simple moving average of $417.89.

Trane Technologies (NYSE:TT) last issued 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. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Sell-side analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Insider Activity at Trane Technologies

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

About Trane Technologies

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.