Several big investors have changed their shares in Trane Technologies. Vanguard Group increased its stake by 0.9%, owning 18,887,514 shares worth $5.67 billion after buying 174,251 shares. JPMorgan Chase raised its position by 0.5%, now holding 17,393,733 shares valued at $5.22 billion after adding 80,536 shares. Capital World Investors added 0.6% to its shares, owning 2,176,595 shares worth $530.87 million. Mackenzie Financial Corp increased its shares by 0.3% with 1,085,468 shares valued at $357.04 million. TD Asset Management grew its position by 41.2%, owning 1,060,632 shares worth $318.40 million after acquiring 309,738 shares. Overall, institutional investors own 82.97% of the company.
Analyst Ratings
Analysts have given mixed ratings for Trane Technologies shares. Barclays raised their price target from $394 to $425 with an “overweight” rating. Royal Bank of Canada increased theirs from $334 to $350 with a “sector perform” rating. Wells Fargo lifted their target from $315 to $320 but rated the stock “underweight.” Stephens maintained an “equal weight” rating with a $350 target. Morgan Stanley initiated coverage with an “overweight” rating and a $425 price target. Currently, analysts issue one sell, seven hold, and five buy ratings, with an average rating of “Hold” and a target price of $345.92.
Read Our Latest Research Report on Trane Technologies
Insider Sales
CEO David S. Regnery sold 29,450 shares on August 6 at $321.25, totaling $9.46 million. He now owns 132,946 shares valued at about $42.71 million. EVP Raymond D. Pittard sold 1,805 shares the next day for $593,213.25 and now holds 83,517 shares valued at around $27.45 million. Insiders own 0.38% of the stock.
Stock Performance
Trane Technologies stock opened at $386.93. The current 50-day moving average is $353.95, and the 200-day average is $331.68. The company has a market cap of $87.58 billion, a PE ratio of 41.34, and a current ratio of 1.17. The stock’s 1-year range is from $184.02 to $391.94. Last earnings report showed $3.30 EPS, surpassing the estimate of $3.08, with revenues at $5.31 billion.
Company Overview
Trane Technologies plc designs and sells heat, ventilation, and air conditioning solutions both in Ireland and globally. They provide a range of products, including air conditioners, chillers, and refrigerant reclamation products.
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