Trane Technologies plc $TT Shares Acquired by Employees Retirement System of Texas

Employees Retirement System of Texas grew its stake in Trane Technologies plc (NYSE:TT) by 6,223.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,774 shares of the company’s stock after purchasing an additional 112,959 shares during the period. Employees Retirement System of Texas’ holdings in Trane Technologies were worth $44,670,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. King Wealth Management Group grew its holdings in Trane Technologies by 4.4% during the fourth quarter. King Wealth Management Group now owns 14,644 shares of the company’s stock worth $5,699,000 after acquiring an additional 621 shares during the period. Flputnam Investment Management Co. grew its holdings in Trane Technologies by 5.5% during the fourth quarter. Flputnam Investment Management Co. now owns 23,837 shares of the company’s stock worth $9,277,000 after acquiring an additional 1,253 shares during the period. Integrity Alliance LLC. acquired a new position in Trane Technologies during the fourth quarter worth $2,143,000. Cary Street Partners Financial LLC grew its holdings in Trane Technologies by 0.3% during the fourth quarter. Cary Street Partners Financial LLC now owns 17,229 shares of the company’s stock worth $6,706,000 after acquiring an additional 59 shares during the period. Finally, Allstate Corp grew its holdings in Trane Technologies by 109.6% during the fourth quarter. Allstate Corp now owns 16,373 shares of the company’s stock worth $6,372,000 after acquiring an additional 8,561 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Stock Up 2.4%

Trane Technologies stock opened at $461.73 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.10. The firm has a market capitalization of $102.07 billion, a price-to-earnings ratio of 35.71, a price-to-earnings-growth ratio of 2.07 and a beta of 1.25. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two week high of $503.47. The stock’s fifty day moving average is $453.65 and its two-hundred day moving average is $429.61.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, April 30th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.10. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the prior year, the company earned $2.45 earnings per share. Trane Technologies’s revenue was up 6.0% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. Analysts predict that Trane Technologies plc will post 14.9 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, June 5th. Trane Technologies’s dividend payout ratio is currently 32.48%.

Insider Buying and Selling

In other news, insider Donald E. Simmons sold 4,593 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $500.00, for a total value of $2,296,500.00. Following the sale, the insider directly owned 3,819 shares in the company, valued at $1,909,500. This represents a 54.60% decrease in their ownership of the stock. The sale 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. Also, CFO Christopher J. Kuehn sold 8,619 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $450.00, for a total value of $3,878,550.00. Following the completion of the sale, the chief financial officer owned 60,576 shares in the company, valued at $27,259,200. This represents a 12.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 53,654 shares of company stock valued at $23,269,523 over the last three months. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TT. Citigroup upped their price objective on Trane Technologies from $525.00 to $570.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Royal Bank Of Canada upped their price objective on Trane Technologies from $440.00 to $501.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Barclays upped their price objective on Trane Technologies from $507.00 to $585.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Oppenheimer upped their price objective on Trane Technologies from $460.00 to $468.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Finally, Evercore assumed coverage on Trane Technologies in a report on Monday, April 13th. They issued an “outperform” rating and a $535.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $506.56.

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.