2 weeks Ago By Defense World Staff
APG Asset Management N.V. boosted its stake in Trane Technologies plc ( NYSE:TT – Free Report ) by 3.
8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 394,515 shares of the company’s stock after purchasing an additional 14,462 shares during the period. APG Asset Management N.
V. owned about 0.17% of Trane Technologies worth $121,080,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of Trane Technologies by 42.1% in the 2nd quarter.
AQR Capital Management LLC now owns 256,352 shares of the company’s stock valued at $84,322,000 after buying an additional 75,888 shares during the period. Albar Capital Ltd acquired a new stake in shares of Trane Technologies during the second quarter valued at $14,556,000. Alpha DNA Investment Management LLC purchased a new stake in shares of Trane Technologies during the second quarter worth about $733,000.
Point72 Asia Singapore Pte. Ltd. grew its stake in Trane Technologies by 1,636.
9% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd.
now owns 24,942 shares of the company’s stock worth $8,204,000 after acquiring an additional 23,506 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Trane Technologies in the second quarter valued at $3,771,000. 82.
97% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes A number of equities analysts have recently commented on TT shares. Barclays raised their price objective on Trane Technologies from $385.
00 to $394.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Stephens reissued an “equal weight” rating and issued a $350.
00 price objective on shares of Trane Technologies in a report on Monday, August 5th. Royal Bank of Canada upped their price target on shares of Trane Technologies from $334.00 to $350.
00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. Morgan Stanley began coverage on shares of Trane Technologies in a research report on Friday, September 6th. They issued an “overweight” rating and a $425.
00 price target on the stock. Finally, UBS Group boosted their price target on shares of Trane Technologies from $330.00 to $375.
00 and gave the company a “buy” rating in a report on Monday, June 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $343.
54. Insider Activity In related news, EVP Raymond D. Pittard sold 1,805 shares of Trane Technologies stock in a transaction dated Wednesday, August 7th.
The stock was sold at an average price of $328.65, for a total value of $593,213.25.
Following the completion of the sale, the executive vice president now owns 83,517 shares of the company’s stock, valued at approximately $27,447,862.05. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink .
In related news, EVP Raymond D. Pittard sold 1,805 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $328.
65, for a total value of $593,213.25. Following the sale, the executive vice president now owns 83,517 shares in the company, valued at $27,447,862.
05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, CEO David S.
Regnery sold 29,450 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $321.25, for a total value of $9,460,812.
50. Following the transaction, the chief executive officer now directly owns 132,946 shares of the company’s stock, valued at approximately $42,708,902.50.
The disclosure for this sale can be found here . Insiders own 0.38% of the company’s stock.
Trane Technologies Stock Performance TT stock opened at $386.66 on Friday. The firm has a market cap of $87.
26 billion, a PE ratio of 41.31, a price-to-earnings-growth ratio of 2.68 and a beta of 1.
01. The company has a current ratio of 1.17, a quick ratio of 0.
84 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $348.
62 and a 200-day moving average price of $328.25. Trane Technologies plc has a 1-year low of $184.
02 and a 1-year high of $391.90. Trane Technologies ( NYSE:TT – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 31st.
The company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.
22. The business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $5.
13 billion. Trane Technologies had a net margin of 12.33% and a return on equity of 33.
97%. Trane Technologies’s quarterly revenue was up 12.8% on a year-over-year basis.
During the same quarter in the previous year, the business posted $2.68 EPS. As a group, equities research analysts expect that Trane Technologies plc will post 10.
87 earnings per share for the current year. Trane Technologies Company Profile ( Free Report ) Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.
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