Trane Technologies plc $TT Stock: MBL Wealth LLC Grows Holdings

MBL Wealth LLC raised its position in shares of Trane Technologies plc (NYSE:TT) by 212.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,248 shares of the company’s stock after purchasing an additional 1,529 shares during the quarter. MBL Wealth LLC’s holdings in Trane Technologies were worth $1,016,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amundi raised its stake in shares of Trane Technologies by 47.8% in the 1st quarter. Amundi now owns 2,174,396 shares of the company’s stock worth $906,158,000 after buying an additional 703,018 shares in the last quarter. First Trust Advisors LP boosted its stake in Trane Technologies by 536.6% during the first quarter. First Trust Advisors LP now owns 532,138 shares of the company’s stock valued at $221,763,000 after buying an additional 448,547 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Trane Technologies by 215.9% during the first quarter. Hsbc Holdings PLC now owns 653,423 shares of the company’s stock worth $271,950,000 after acquiring an additional 446,598 shares during the period. Sei Investments Co. grew its holdings in Trane Technologies by 261.5% during the first quarter. Sei Investments Co. now owns 357,337 shares of the company’s stock worth $148,915,000 after acquiring an additional 258,478 shares during the period. Finally, California Public Employees Retirement System raised its position in Trane Technologies by 51.9% in the first quarter. California Public Employees Retirement System now owns 686,691 shares of the company’s stock worth $286,172,000 after acquiring an additional 234,666 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TT shares. Royal Bank Of Canada upped their price target on shares of Trane Technologies from $496.00 to $502.00 and gave the company a “sector perform” rating in a report on Wednesday, October 14th. Wall Street Zen cut shares of Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Trane Technologies from $515.00 to $499.00 and set a “hold” rating on the stock in a report on Wednesday, September 30th. Sanford C. Bernstein increased their target price on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, The Goldman Sachs Group raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $548.00 to $565.00 in a research note on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $539.42.

Insider Buying and Selling

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

Trane Technologies Price Performance

NYSE TT opened at $445.43 on Friday. The stock’s 50-day moving average price is $452.34 and its two-hundred day moving average price is $464.30. 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 company has a market cap of $98.00 billion, a PE ratio of 33.74, a PEG ratio of 2.09 and a beta of 1.15. Trane Technologies plc has a 1 year low of $348.06 and a 1 year high of $505.87.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating 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 company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period in the prior year, the firm earned $3.88 earnings per share. The business’s quarterly revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, analysts predict that Trane Technologies plc will post 15.32 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 4th will be paid a $1.05 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 31.82%.

About Trane Technologies

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.