Vancity Investment Management Ltd Has $13.94 Million Stock Position in Trane Technologies plc $TT

Vancity Investment Management Ltd reduced its position in shares of Trane Technologies plc (NYSE:TT) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,381 shares of the company’s stock after selling 1,919 shares during the period. Trane Technologies comprises about 2.1% of Vancity Investment Management Ltd’s investment portfolio, making the stock its 17th biggest position. Vancity Investment Management Ltd’s holdings in Trane Technologies were worth $13,940,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in shares of Trane Technologies by 47,507.9% in the second quarter. California State Teachers Retirement System now owns 162,012,073 shares of the company’s stock valued at $79,573,850,000 after acquiring an additional 161,671,768 shares during the last quarter. State Street Corp grew its position in Trane Technologies by 0.6% during the 4th quarter. State Street Corp now owns 10,113,123 shares of the company’s stock worth $3,936,034,000 after acquiring an additional 61,393 shares during the last quarter. Geode Capital Management LLC increased its holdings in Trane Technologies by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 5,071,072 shares of the company’s stock valued at $1,964,896,000 after purchasing an additional 14,179 shares in the last quarter. Norges Bank bought a new position in Trane Technologies in the 4th quarter valued at $1,163,124,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Trane Technologies by 0.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,340,219 shares of the company’s stock worth $910,813,000 after purchasing an additional 7,537 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CEO David Regnery sold 43,778 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total value of $20,794,550.00. Following the transaction, the chief executive officer directly owned 96,950 shares of the company’s stock, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

Trane Technologies Trading Up 0.2%

Shares of TT opened at $448.76 on Monday. The stock’s fifty day simple moving average is $468.65 and its 200-day simple moving average is $460.59. The firm has a market capitalization of $98.74 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19. Trane Technologies plc has a 12-month low of $348.06 and a 12-month high of $505.87. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the company earned $3.88 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, research analysts predict that Trane Technologies plc will post 15.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TT. Royal Bank Of Canada lowered their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research note on Friday, July 31st. Weiss Ratings lowered shares of Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. raised their price objective on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Citigroup dropped their target price on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, Sanford C. Bernstein upped their target price on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $521.50.

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.