Trane Technologies plc $TT Stock Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lifted its stake in shares of Trane Technologies plc (NYSE:TT) by 6.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,506 shares of the company’s stock after acquiring an additional 2,236 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Trane Technologies were worth $16,048,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MADDEN SECURITIES Corp purchased a new stake in Trane Technologies in the 3rd quarter worth approximately $46,000. SYM FINANCIAL Corp lifted its holdings in Trane Technologies by 9.2% during the third quarter. SYM FINANCIAL Corp now owns 1,085 shares of the company’s stock valued at $490,000 after purchasing an additional 91 shares in the last quarter. Penobscot Investment Management Company Inc. lifted its holdings in Trane Technologies by 7.5% during the third quarter. Penobscot Investment Management Company Inc. now owns 5,442 shares of the company’s stock valued at $2,460,000 after purchasing an additional 382 shares in the last quarter. Center for Financial Planning Inc. lifted its holdings in Trane Technologies by 14.3% during the third quarter. Center for Financial Planning Inc. now owns 1,746 shares of the company’s stock valued at $790,000 after purchasing an additional 219 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in shares of Trane Technologies by 2.5% in the third quarter. Verdence Capital Advisors LLC now owns 1,426 shares of the company’s stock worth $645,000 after purchasing an additional 35 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Trane Technologies Price Performance

NYSE TT opened at $461.47 on Wednesday. The stock’s 50 day moving average is $452.17 and its 200 day moving average is $453.26. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87.

Trane Technologies (NYSE:TT) last posted 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. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the company earned $3.88 earnings per share. The company’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. As a group, equities research analysts expect that Trane Technologies plc will post 15.32 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 4th.

Wall Street Analysts Forecast Growth

TT has been the subject of a number of analyst reports. Mizuho increased their price objective on shares of Trane Technologies from $475.00 to $485.00 and gave the stock a “neutral” rating in a research note on Thursday, October 15th. Wells Fargo & Company started coverage on shares of Trane Technologies in a research report on Friday, September 25th. They set an “overweight” rating and a $536.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Trane Technologies from $515.00 to $499.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Royal Bank Of Canada upped their target price on shares of Trane Technologies from $496.00 to $502.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 14th. Finally, Robert W. Baird upped their target price on shares of Trane Technologies from $515.00 to $532.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Two research 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $539.42.

Insider Buying and Selling at Trane Technologies

In related news, CEO David Regnery sold 48,091 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 96,951 shares in the company, valued at approximately $46,536,480. This represents a 33.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Company Profile

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.