20,088 Shares in Trane Technologies plc $TT Purchased by Firetrail Investments PTY Ltd.

Firetrail Investments PTY Ltd. purchased a new position in shares of Trane Technologies plc (NYSE:TT) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 20,088 shares of the company’s stock, valued at approximately $9,807,000. Trane Technologies accounts for approximately 2.8% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 14th largest position.

Other large investors also recently bought and sold shares of the company. Tucker Asset Management LLC purchased a new position in Trane Technologies in the 4th quarter worth approximately $25,000. Wilkerson Advisory Group LLC grew its position in shares of Trane Technologies by 136.0% in the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Trane Technologies in the fourth quarter valued at approximately $32,000. Elevation Wealth Partners LLC increased its holdings in shares of Trane Technologies by 153.8% in the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new position in Trane Technologies during the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Activity

In other news, CEO David S. Regnery sold 43,778 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total value of $20,794,550.00. Following the sale, the chief executive officer directly owned 96,950 shares of the company’s stock, valued at approximately $46,051,250. The trade was a 31.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $479.87 on Monday. Trane Technologies plc has a 52 week low of $348.06 and a 52 week high of $505.87. The business’s fifty day simple moving average is $475.14 and its 200-day simple moving average is $459.30. The firm has a market cap of $105.58 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities analysts forecast that Trane Technologies plc will post 15.31 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, September 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is currently 31.82%.

Wall Street Analyst Weigh In

TT has been the subject of several analyst reports. KeyCorp upped their target price on Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Royal Bank Of Canada reduced their price target on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a report on Friday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Friday, July 17th. JPMorgan Chase & Co. lifted their target price on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Barclays boosted their target price on shares of Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $521.50.

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.