Trane Technologies plc $TT Stock: Signaturefd LLC Increases Holdings

Signaturefd LLC boosted its stake in shares of Trane Technologies plc (NYSE:TT) by 13.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,114 shares of the company’s stock after buying an additional 1,448 shares during the period. Signaturefd LLC’s holdings in Trane Technologies were worth $5,475,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Amundi boosted its holdings in shares of Trane Technologies by 47.8% in the first quarter. Amundi now owns 2,174,396 shares of the company’s stock valued at $906,158,000 after buying an additional 703,018 shares during the period. First Trust Advisors LP increased its position in shares of Trane Technologies by 536.6% during the first quarter. First Trust Advisors LP now owns 532,138 shares of the company’s stock worth $221,763,000 after acquiring an additional 448,547 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of 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. raised its holdings in shares of 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 lifted its position in Trane Technologies by 51.9% in the 1st quarter. California Public Employees Retirement System now owns 686,691 shares of the company’s stock valued at $286,172,000 after acquiring an additional 234,666 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Trane Technologies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $548.00 to $565.00 in a research note on Wednesday, October 14th. Evercore increased their target price on Trane Technologies from $560.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Royal Bank Of Canada lifted their price target on Trane Technologies from $496.00 to $502.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 14th. Citigroup dropped their price target on Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $539.42.

Trane Technologies Trading Down 0.8%

NYSE:TT opened at $445.43 on Friday. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $505.87. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $452.34 and a two-hundred day moving average price of $464.30. The company has a market cap of $98.00 billion, a P/E ratio of 33.74, a price-to-earnings-growth ratio of 2.08 and a beta of 1.15.

Trane Technologies (NYSE:TT) last issued 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 company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, analysts expect that Trane Technologies plc will post 15.32 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 4th will be paid a $1.05 dividend. 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%.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David Regnery sold 48,091 shares of Trane Technologies stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total value of $23,083,680.00. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

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.