Trane Technologies plc $TT Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. cut its position in Trane Technologies plc (NYSE:TT) by 4.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,743 shares of the company’s stock after selling 5,636 shares during the quarter. TD Waterhouse Canada Inc. owned 0.06% of Trane Technologies worth $64,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc lifted its holdings in Trane Technologies by 12.2% in the 1st quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock worth $85,000 after buying an additional 22 shares in the last quarter. Fiduciary Family Office LLC grew its stake in shares of Trane Technologies by 1.5% during the fourth quarter. Fiduciary Family Office LLC now owns 1,573 shares of the company’s stock valued at $612,000 after acquiring an additional 23 shares in the last quarter. Foster Dykema Cabot & Partners LLC increased its position in shares of Trane Technologies by 10.6% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 239 shares of the company’s stock worth $93,000 after acquiring an additional 23 shares during the last quarter. Bridges Investment Management Inc. lifted its stake in shares of Trane Technologies by 1.6% in the fourth quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock worth $600,000 after acquiring an additional 24 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Trane Technologies by 14.5% in the first quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock worth $79,000 after acquiring an additional 24 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Stock Up 1.3%

NYSE:TT opened at $444.88 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. The company has a market capitalization of $97.88 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87. The stock has a 50-day simple moving average of $469.24 and a 200 day simple moving average of $460.71.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the firm posted $3.88 earnings per share. Trane Technologies’s revenue for the quarter was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Sell-side analysts predict that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Insider Buying and Selling at Trane Technologies

In related news, CEO David Regnery sold 43,778 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction 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. This represents a 31.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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.

Wall Street Analyst Weigh In

TT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Sanford C. Bernstein upped their target price on Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings cut Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, August 26th. Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Finally, Citigroup dropped their price target on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.