After this evening's 1.6% surge to $225.41 per share, Trane Technologies might just keep moving past its target price of $229.66. With an average analyst rating of hold, and target prices from $200.0 to $256.0, the stock's next move is anyone's guess.
Trane Technologies's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.8%. The stock's short ratio is 1.25. The company's insiders own 0.32% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 88.0%. In conclusion, we believe there is mixed market sentiment regarding Trane Technologies.
Institutions Invested in Trane Technologies
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Blackrock Inc. | 9% | 20,642,489 | $4,653,023,521 |
| 2023-09-30 | Vanguard Group Inc | 8% | 18,623,912 | $4,198,016,072 |
| 2023-09-30 | JP Morgan Chase & Company | 8% | 17,085,662 | $3,851,279,133 |
| 2023-09-30 | State Street Corporation | 4% | 9,672,612 | $2,180,303,506 |
| 2023-09-30 | FMR, LLC | 3% | 5,743,154 | $1,294,564,364 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 4,962,520 | $1,118,601,651 |
| 2023-09-30 | Bank Of New York Mellon Corporation | 2% | 4,316,477 | $972,977,096 |
| 2023-09-30 | Ameriprise Financial, Inc. | 2% | 4,050,779 | $913,086,109 |
| 2023-09-30 | Generation Investment Management LLP | 2% | 3,971,084 | $895,122,058 |
| 2023-09-30 | Massachusetts Financial Services Co. | 1% | 3,186,108 | $718,180,615 |
