TD Waterhouse Canada Inc. Has $16.86 Million Stock Holdings in Trane Technologies plc $TT

TD Waterhouse Canada Inc. boosted its position in shares of Trane Technologies plc (NYSE:TT) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,866 shares of the company’s stock after purchasing an additional 342 shares during the period. TD Waterhouse Canada Inc.’s holdings in Trane Technologies were worth $16,864,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new position in Trane Technologies during the 2nd quarter worth $28,000. Hantz Financial Services Inc. increased its holdings in Trane Technologies by 1,016.7% in the second quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock valued at $29,000 after purchasing an additional 61 shares during the last quarter. Saudi Central Bank acquired a new position in Trane Technologies in the first quarter valued at about $30,000. Dagco Inc. bought a new position in Trane Technologies during the first quarter worth about $37,000. Finally, CBIZ Investment Advisory Services LLC grew its position in shares of Trane Technologies by 23.4% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock worth $46,000 after buying an additional 26 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $440.00, for a total transaction of $264,000.00. Following the completion of the transaction, the chief accounting officer directly owned 7,148 shares in the company, valued at approximately $3,145,120. This represents a 7.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total transaction of $9,223,770.00. Following the sale, the chief executive officer directly owned 123,713 shares of the company’s stock, valued at $50,722,330. This represents a 15.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.14% of the stock is currently owned by insiders.

Trane Technologies Trading Down 0.1%

TT opened at $406.64 on Thursday. Trane Technologies plc has a one year low of $298.15 and a one year high of $476.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76. The business has a 50 day simple moving average of $419.53 and a two-hundred day simple moving average of $425.66. The firm has a market capitalization of $90.17 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 2.66 and a beta of 1.16.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, October 30th. The company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.80 by $0.08. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.80 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. Trane Technologies’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. Analysts predict that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, December 5th. Trane Technologies’s dividend payout ratio (DPR) is currently 28.92%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TT shares. Morgan Stanley increased their target price on Trane Technologies from $445.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Northcoast Research cut Trane Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. Royal Bank Of Canada raised their price target on shares of Trane Technologies from $467.00 to $469.00 and gave the company a “sector perform” rating in a research note on Friday, October 31st. Hsbc Global Res downgraded Trane Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $472.07.

Trane Technologies Company Profile

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.