Oregon Public Employees Retirement Fund Purchases 6,170 Shares of Trane Technologies plc $TT

Oregon Public Employees Retirement Fund boosted its position in Trane Technologies plc (NYSE:TT) by 32.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 25,451 shares of the company’s stock after purchasing an additional 6,170 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Trane Technologies were worth $10,739,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. NorthRock Partners LLC lifted its position in shares of Trane Technologies by 1.2% in the second quarter. NorthRock Partners LLC now owns 2,052 shares of the company’s stock valued at $898,000 after buying an additional 24 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in Trane Technologies by 1.3% during the 2nd quarter. King Luther Capital Management Corp now owns 1,942 shares of the company’s stock valued at $849,000 after purchasing an additional 24 shares during the last quarter. Old Port Advisors boosted its position in Trane Technologies by 3.2% during the third quarter. Old Port Advisors now owns 778 shares of the company’s stock worth $328,000 after purchasing an additional 24 shares during the period. Confluence Wealth Services Inc. increased its holdings in shares of Trane Technologies by 0.7% in the second quarter. Confluence Wealth Services Inc. now owns 3,609 shares of the company’s stock valued at $1,579,000 after purchasing an additional 25 shares during the last quarter. Finally, Busey Bank raised its position in shares of Trane Technologies by 3.0% in the third quarter. Busey Bank now owns 871 shares of the company’s stock valued at $368,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In other news, CAO Elizabeth A. Elwell sold 600 shares of the business’s 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 completion of the transaction, the chief accounting officer directly owned 7,148 shares in the company, valued at approximately $3,145,120. The trade was a 7.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TT shares. UBS Group decreased their price target on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Melius raised Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 target price on the stock in a research report on Wednesday. Royal Bank Of Canada lifted their price target on Trane Technologies from $467.00 to $469.00 and gave the stock a “sector perform” rating in a report on Friday, October 31st. Barclays decreased their price objective on Trane Technologies from $506.00 to $505.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, KeyCorp raised Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a report on Monday, December 15th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $474.60.

Trane Technologies Price Performance

Trane Technologies stock opened at $381.74 on Friday. The stock’s fifty day moving average price is $404.62 and its two-hundred day moving average price is $419.07. The firm has a market cap of $84.65 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.92 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 plc has a one year low of $298.15 and a one year high of $476.18.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.08. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.80 billion. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.Trane Technologies’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.37 EPS. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. As a group, research analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

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.