Trane Technologies plc $TT Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its position in Trane Technologies plc (NYSE:TT) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,514 shares of the company’s stock after selling 28,153 shares during the quarter. Mackenzie Financial Corp owned approximately 0.20% of Trane Technologies worth $185,879,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Icon Advisers Inc. Co. acquired a new stake in shares of Trane Technologies in the second quarter valued at $26,000. Financial Consulate Inc. purchased a new stake in Trane Technologies during the 3rd quarter worth about $25,000. United Community Bank raised its position in Trane Technologies by 134.4% in the 3rd quarter. United Community Bank now owns 75 shares of the company’s stock valued at $32,000 after purchasing an additional 43 shares in the last quarter. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Trane Technologies by 34.2% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 102 shares of the company’s stock valued at $43,000 after buying an additional 26 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Trane Technologies by 58.2% during the third quarter. Hantz Financial Services Inc. now owns 106 shares of the company’s stock worth $45,000 after buying an additional 39 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Price Performance

Shares of TT opened at $433.46 on Wednesday. The firm has a market capitalization of $95.94 billion, a PE ratio of 33.39, a P/E/G ratio of 2.25 and a beta of 1.19. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average is $424.27 and its two-hundred day moving average is $417.09. Trane Technologies plc has a twelve month low of $298.15 and a twelve month high of $479.37.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.05. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.09 billion. During the same quarter in the previous year, the business earned $2.61 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.

Trane Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be issued a dividend of $1.05 per share. The ex-dividend date is Friday, March 6th. This represents a $4.20 annualized dividend and a yield of 1.0%. This is a boost from Trane Technologies’s previous quarterly dividend of $0.94. Trane Technologies’s dividend payout ratio (DPR) is presently 32.36%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TT shares. Oppenheimer lifted their price target on shares of Trane Technologies from $460.00 to $468.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Morgan Stanley lowered their target price on shares of Trane Technologies from $550.00 to $535.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Royal Bank Of Canada raised their price objective on shares of Trane Technologies from $469.00 to $470.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. UBS Group dropped their target price on shares of Trane Technologies from $544.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Finally, Wells Fargo & Company upped their price objective on shares of Trane Technologies from $375.00 to $400.00 and gave the company an “underweight” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Trane Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $484.67.

Insider Activity at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 635 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $422.70, for a total transaction of $268,414.50. Following the transaction, the chief accounting officer directly owned 7,100 shares in the company, valued at $3,001,170. This trade represents a 8.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David S. Regnery sold 36,045 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $422.69, for a total value of $15,235,861.05. Following the completion of the sale, the chief executive officer owned 96,948 shares in the company, valued at approximately $40,978,950.12. This represents a 27.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 49,378 shares of company stock worth $21,228,464. Company insiders own 0.14% of the company’s stock.

Trane Technologies News Summary

Here are the key news stories impacting Trane Technologies this week:

• Positive Sentiment: Quarterly results topped expectations (EPS and revenue marginally above consensus), supporting near‑term earnings visibility and multiple expansion. MarketBeat TT Company Page
• Positive Sentiment: Board approved a higher quarterly dividend (raised to $1.05 per share), which increases yield and signals confidence in cash flow and capital return policy. MarketBeat Dividend Item
• Positive Sentiment: Product/market expansion: Trane launched an HSAG air‑cooled magnetic‑bearing chiller aimed at Asia‑Pacific data center growth — a growth market with attractive aftermarket and service upside. Tridto: HSAG Chiller Launch
• Positive Sentiment: Commercial expansion: Company is expanding heat‑protection offerings in emerging markets, which could support incremental revenue and services growth in hotter, higher‑demand regions. Yahoo Finance: Heat Protection Expansion
• Neutral Sentiment: Analyst coverage remains broadly constructive (mix of Buy/Hold) with a consensus price target above current levels — helpful context but already priced into shares. MarketBeat Analyst Summary
• Negative Sentiment: CEO David S. Regnery sold 36,045 shares (~$15.2M at ~$422.7), a meaningful reduction in his position that investors may view as a negative signal on insider conviction. SEC Filing: CEO Sale
• Negative Sentiment: Other insider sales: Donald E. Simmons sold 3,762 shares and CAO Elizabeth Elwell sold 635 shares on the same day — additional insider selling that could increase short‑term volatility or investor concern. SEC Filing: Simmons Sale SEC Filing: Elwell Sale

Trane Technologies Company Profile

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.