Mitsubishi UFJ Trust & Banking Corp Sells 19,462 Shares of Trane Technologies plc $TT

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Trane Technologies plc (NYSE:TT) by 13.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,988 shares of the company’s stock after selling 19,462 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Trane Technologies worth $52,740,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Westfuller Advisors LLC purchased a new stake in shares of Trane Technologies during the third quarter valued at about $245,000. Parkside Financial Bank & Trust lifted its position in Trane Technologies by 29.0% during the third quarter. Parkside Financial Bank & Trust now owns 1,275 shares of the company’s stock valued at $538,000 after acquiring an additional 287 shares during the last quarter. Leelyn Smith LLC acquired a new stake in Trane Technologies in the third quarter valued at approximately $347,000. Locust Wood Capital Advisers LLC purchased a new position in Trane Technologies in the third quarter worth $629,000. Finally, Simplicity Wealth LLC purchased a new position in Trane Technologies in the third quarter worth $201,000. 82.97% of the stock is owned by institutional investors.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $440.00, for a total transaction of $264,000.00. Following the completion of the transaction, the chief accounting officer owned 7,148 shares in the company, valued at approximately $3,145,120. This trade represents a 7.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

TT has been the subject of a number of recent analyst reports. KeyCorp raised Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Monday, December 15th. UBS Group lowered 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. Morgan Stanley dropped their price target on Trane Technologies from $550.00 to $535.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Royal Bank Of Canada increased 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 report on Friday, October 31st. Finally, 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 report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $479.73.

Trane Technologies Stock Performance

Shares of NYSE TT opened at $386.36 on Friday. The company has a 50 day simple moving average of $396.44 and a two-hundred day simple moving average of $415.86. The stock has a market cap of $85.67 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 1.93 and a beta of 1.21. The company has a current ratio of 1.20, a quick ratio of 0.84 and a debt-to-equity ratio of 0.47. Trane Technologies plc has a 12 month low of $298.15 and a 12 month high of $476.18.

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