Trane Technologies plc $TT Stock: Ninety One North America Inc. Trims Position

Ninety One North America Inc. lowered its holdings in shares of Trane Technologies plc (NYSE:TT) by 22.4% in the third quarter, Holdings Channel reports. The firm owned 22,046 shares of the company’s stock after selling 6,371 shares during the quarter. Ninety One North America Inc.’s holdings in Trane Technologies were worth $9,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of TT. Turtle Creek Wealth Advisors LLC grew its position in Trane Technologies by 5.1% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 25,147 shares of the company’s stock worth $11,366,000 after purchasing an additional 1,216 shares during the last quarter. ZWJ Investment Counsel Inc. raised its holdings in shares of Trane Technologies by 1.9% in the third quarter. ZWJ Investment Counsel Inc. now owns 1,257 shares of the company’s stock valued at $568,000 after buying an additional 23 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Trane Technologies by 13.0% in the third quarter. Mather Group LLC. now owns 1,417 shares of the company’s stock valued at $640,000 after buying an additional 163 shares during the last quarter. Fortitude Family Office LLC raised its holdings in shares of Trane Technologies by 23.4% in the third quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock valued at $138,000 after buying an additional 58 shares during the last quarter. Finally, Strategy Asset Managers LLC boosted its stake in shares of Trane Technologies by 4.0% during the third quarter. Strategy Asset Managers LLC now owns 747 shares of the company’s stock worth $338,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group raised Trane Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $548.00 to $565.00 in a report on Wednesday. Evercore upped their price objective on Trane Technologies from $560.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. 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. Robert W. Baird lifted 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. Finally, Sanford C. Bernstein boosted their target price on Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Trane Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $538.89.

Insider Transactions at Trane Technologies

In other news, CEO David Regnery sold 48,091 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total transaction of $23,083,680.00. Following the completion of the transaction, the chief executive officer directly owned 96,951 shares of the company’s stock, valued at approximately $46,536,480. This represents a 33.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Trane Technologies Stock Performance

Shares of TT stock traded down $20.14 during mid-day trading on Thursday, hitting $451.14. The stock had a trading volume of 1,104,501 shares, compared to its average volume of 1,364,169. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. The firm has a market cap of $99.26 billion, a PE ratio of 34.17, a PEG ratio of 2.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. The company’s 50-day simple moving average is $455.38 and its 200-day simple moving average is $462.69.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results 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. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period in the previous year, the business posted $3.88 earnings per share. The business’s revenue 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 anticipate that Trane Technologies plc will post 15.31 earnings per share for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders 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 annualized dividend and a yield of 0.9%. Trane Technologies’s payout ratio is presently 31.82%.

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.