Trane Technologies (NYSE:TT) CEO David Regnery Sells 43,778 Shares

Trane Technologies plc (NYSE:TT) CEO David Regnery sold 43,778 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the sale, the chief executive officer owned 96,950 shares in the company, valued at $46,051,250. This represents a 31.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trane Technologies Trading Down 0.9%

Trane Technologies stock traded down $4.30 during trading hours on Thursday, hitting $479.28. The stock had a trading volume of 812,275 shares, compared to its average volume of 1,464,250. The stock has a market cap of $105.45 billion, a price-to-earnings ratio of 36.31, a P/E/G ratio of 2.08 and a beta of 1.19. 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’s 50 day simple moving average is $471.93 and its 200-day simple moving average is $454.88. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the firm posted $3.88 earnings per share. The firm’s revenue 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. On average, equities analysts predict that Trane Technologies plc will post 15.27 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, September 4th. Trane Technologies’s dividend payout ratio is presently 31.82%.

Analysts Set New Price Targets

TT has been the subject of several recent research reports. KeyCorp increased their price target on Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Citigroup lowered their price target on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a report on Friday, July 31st. BNP Paribas Exane initiated coverage on shares of Trane Technologies in a research report on Tuesday, April 14th. They set an “outperform” rating and a $550.00 price objective for the company. Sanford C. Bernstein set a $555.00 target price on shares of Trane Technologies in a report on Thursday, July 9th. Finally, Wall Street Zen raised shares of Trane Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $520.07.

Hedge Funds Weigh In On Trane Technologies

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in Trane Technologies by 64.0% in the 4th quarter. Farther Finance Advisors LLC now owns 7,478 shares of the company’s stock valued at $2,911,000 after acquiring an additional 2,917 shares during the period. ProCore Advisors LLC bought a new stake in shares of Trane Technologies in the fourth quarter valued at approximately $939,000. Dara Capital US Inc. purchased a new stake in shares of Trane Technologies during the 4th quarter valued at approximately $966,000. Horizon Investments LLC boosted its holdings in shares of Trane Technologies by 115.4% in the fourth quarter. Horizon Investments LLC now owns 30,560 shares of the company’s stock worth $11,894,000 after acquiring an additional 16,370 shares during the period. Finally, LBP AM SA boosted its position in shares of Trane Technologies by 153.0% in the fourth quarter. LBP AM SA now owns 54,112 shares of the company’s stock valued at $21,060,000 after acquiring an additional 32,724 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

About Trane Technologies

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.