Trane Technologies plc $TT Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its holdings in shares of Trane Technologies plc (NYSE:TT) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,807 shares of the company’s stock after buying an additional 7,508 shares during the quarter. Vontobel Holding Ltd.’s holdings in Trane Technologies were worth $92,569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wealth Intelligence LLC raised its holdings in Trane Technologies by 3.8% during the 3rd quarter. Wealth Intelligence LLC now owns 2,209 shares of the company’s stock valued at $998,000 after acquiring an additional 81 shares during the period. James T. Borello RIA lifted its position in shares of Trane Technologies by 41.7% during the third quarter. James T. Borello RIA now owns 102 shares of the company’s stock worth $46,000 after acquiring an additional 30 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its position in shares of Trane Technologies by 38.1% during the third quarter. Cyndeo Wealth Partners LLC now owns 20,366 shares of the company’s stock worth $9,205,000 after acquiring an additional 5,623 shares in the last quarter. Aspiriant LLC bought a new position in shares of Trane Technologies in the third quarter worth $256,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Trane Technologies by 2.7% in the third quarter. V Square Quantitative Management LLC now owns 5,567 shares of the company’s stock worth $2,516,000 after acquiring an additional 148 shares during the period. 82.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Trane Technologies news, CEO David Regnery sold 48,091 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 96,951 shares in the company, valued at $46,536,480. This represents a 33.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Trane Technologies Price Performance

NYSE TT traded up $1.21 on Friday, hitting $458.57. The stock had a trading volume of 1,557,611 shares, compared to its average volume of 1,320,339. Trane Technologies plc has a 52-week low of $348.06 and a 52-week high of $505.87. 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 $100.89 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 2.13 and a beta of 1.15. The firm has a 50-day moving average of $454.48 and a 200-day moving average of $462.99.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, topping the consensus estimate of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. 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. 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. Equities analysts expect that Trane Technologies plc will post 15.31 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced 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. This represents a $4.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, December 4th. Trane Technologies’s payout ratio is presently 31.82%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TT shares. Robert W. Baird lifted their price target on Trane Technologies from $515.00 to $532.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. BNP Paribas Exane increased their price objective on Trane Technologies from $560.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut their target price on Trane Technologies from $515.00 to $499.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. The Goldman Sachs Group raised Trane Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $548.00 to $565.00 in a report on Wednesday. Finally, Citigroup reduced their target price on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a report on Friday, July 31st. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $539.42.

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.