Trane Technologies plc $TT Position Cut by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lowered its holdings in shares of Trane Technologies plc (NYSE:TT) by 58.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,313 shares of the company’s stock after selling 78,430 shares during the period. TD Waterhouse Canada Inc.’s holdings in Trane Technologies were worth $25,414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Intelligence LLC grew its position in shares of Trane Technologies by 3.8% in the third quarter. Wealth Intelligence LLC now owns 2,209 shares of the company’s stock valued at $998,000 after purchasing an additional 81 shares during the last quarter. James T. Borello RIA increased its stake in shares of Trane Technologies by 41.7% during the 3rd quarter. James T. Borello RIA now owns 102 shares of the company’s stock worth $46,000 after purchasing an additional 30 shares in the last quarter. Cyndeo Wealth Partners LLC raised its position in shares of Trane Technologies by 38.1% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 20,366 shares of the company’s stock worth $9,205,000 after purchasing an additional 5,623 shares during the last quarter. Aspiriant LLC acquired a new position in shares of Trane Technologies during the 3rd quarter worth approximately $256,000. Finally, V Square Quantitative Management LLC raised its position in shares of Trane Technologies by 2.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 5,567 shares of the company’s stock worth $2,516,000 after purchasing an additional 148 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In other Trane Technologies news, CEO David Regnery sold 48,091 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The stock was 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 owned 96,951 shares in the company, valued at $46,536,480. This represents a 33.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Up 0.3%

Shares of NYSE:TT opened at $458.57 on Friday. Trane Technologies plc has a 12-month low of $348.06 and a 12-month high of $505.87. The stock’s 50-day moving average price is $454.48 and its two-hundred day moving average price is $462.99. The firm has a market cap of $100.90 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 2.14 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. The business 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 business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, research analysts forecast that Trane Technologies plc will post 15.32 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently declared 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 of this dividend is Friday, December 4th. This represents a $4.20 annualized dividend and a yield of 0.9%. Trane Technologies’s payout ratio is 31.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TT shares. Robert W. Baird upped their target price on Trane Technologies from $515.00 to $532.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. 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 report on Friday, August 14th. Wells Fargo & Company initiated coverage on Trane Technologies in a report on Friday, September 25th. They issued an “overweight” rating and a $536.00 price target for the company. Mizuho upped their price objective on Trane Technologies from $475.00 to $485.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Trane Technologies from $515.00 to $499.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $539.42.

Trane Technologies Profile

Trane Technologies plc is a global climate technology company that develops solutions for heating, ventilation, air conditioning, refrigeration and building management. Its products and services are designed to improve indoor comfort, energy efficiency and the sustainability of commercial, industrial, residential and institutional buildings.

The company operates through well-known brands including Trane, Thermo King and Frigoblock. Trane provides HVAC equipment, building controls, digital solutions, maintenance and energy services, while Thermo King and Frigoblock offer temperature-control systems for refrigerated transportation.