5,623 Trane Technologies plc $TT Shares Purchased by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC grew its holdings in Trane Technologies plc (NYSE:TT) by 38.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,366 shares of the company’s stock after purchasing an additional 5,623 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Trane Technologies were worth $9,205,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TT. Wilkerson Advisory Group LLC boosted its stake in shares of Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock worth $25,000 after buying an additional 34 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Trane Technologies by 153.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock valued at $32,000 after acquiring an additional 40 shares in the last quarter. Physician Wealth Advisors Inc. increased its position in shares of Trane Technologies by 192.6% in the first quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock valued at $33,000 after acquiring an additional 52 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Trane Technologies in the first quarter valued at about $33,000. Finally, Axiom Investment Management LLC acquired a new stake in shares of Trane Technologies in the first quarter valued at about $50,000. Institutional investors own 82.97% of the company’s stock.

Insider Transactions at Trane Technologies

In related news, CEO David Regnery sold 48,091 shares of the business’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 transaction, the chief executive officer owned 96,951 shares in the company, valued at $46,536,480. The trade was a 33.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Trane Technologies Price Performance

Shares of NYSE TT opened at $458.57 on Friday. Trane Technologies plc has a 1-year low of $348.06 and a 1-year high of $505.87. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45. The firm has a market cap of $100.89 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 2.13 and a beta of 1.15. The business’s 50 day moving average is $454.48 and its 200-day moving average is $462.99.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share 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 firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the previous year, the firm earned $3.88 EPS. The company’s quarterly 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. Equities research analysts predict that Trane Technologies plc will post 15.31 earnings per share for the current year.

Trane Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 4th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $4.20 annualized dividend and a yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is currently 31.82%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TT shares. Weiss Ratings raised Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. The Goldman Sachs Group raised Trane Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $548.00 to $565.00 in a research report on Wednesday. Evercore upped their price objective on Trane Technologies from $560.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Mizuho increased their price objective on Trane Technologies from $475.00 to $485.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Robert W. Baird raised their target price on shares of Trane Technologies from $515.00 to $532.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Trane Technologies has an average rating of “Moderate Buy” and a consensus price target of $539.42.

About Trane Technologies

Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.

The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.