Trane Technologies (NYSE:TT) CEO David Regnery Sells 48,091 Shares of Stock

Trane Technologies plc (NYSE:TT) CEO David Regnery sold 48,091 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total value of $23,083,680.00. Following the completion of the transaction, the chief executive officer directly owned 96,951 shares in the company, valued at $46,536,480. This trade represents a 33.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trane Technologies Stock Up 0.6%

Trane Technologies stock opened at $469.93 on Friday. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87. The stock has a fifty day simple moving average of $454.83 and a two-hundred day simple moving average of $461.23. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45. The firm has a market cap of $103.40 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 2.18 and a beta of 1.15.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating the consensus estimate of $4.27 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.Trane Technologies’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities analysts predict that Trane Technologies plc will post 15.3 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 4th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, December 4th. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s dividend payout ratio is 31.82%.

Analysts Set New Price Targets

A number of research firms have commented on TT. Royal Bank Of Canada cut their target price on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Sanford C. Bernstein raised their price target on Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Wells Fargo & Company assumed coverage on Trane Technologies in a research report on Friday, September 25th. They set an “overweight” rating and a $536.00 price objective for the company. Citigroup lowered their target price on Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Weiss Ratings upgraded Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Trane Technologies has an average rating of “Buy” and an average price target of $531.21.

Institutional Investors Weigh In On Trane Technologies

Several hedge funds and other institutional investors have recently modified their holdings of TT. SEB Asset Management AB purchased a new stake in Trane Technologies in the 1st quarter worth approximately $47,195,000. Nicholson Wealth Management Group LLC purchased a new position in Trane Technologies during the first quarter valued at approximately $1,644,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Trane Technologies by 54.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,153 shares of the company’s stock valued at $41,321,000 after purchasing an additional 34,930 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Trane Technologies by 14.2% in the first quarter. Kestra Advisory Services LLC now owns 26,934 shares of the company’s stock worth $11,224,000 after purchasing an additional 3,348 shares during the period. Finally, Raiffeisen Bank International AG increased its stake in shares of Trane Technologies by 208.5% in the fourth quarter. Raiffeisen Bank International AG now owns 86,621 shares of the company’s stock worth $33,930,000 after purchasing an additional 58,547 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

About Trane Technologies

Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.

The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.