Wellington Management Group LLP Sells 186,669 Shares of Trane Technologies plc $TT

Wellington Management Group LLP trimmed its position in Trane Technologies plc (NYSE:TT) by 8.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,097,038 shares of the company’s stock after selling 186,669 shares during the quarter. Wellington Management Group LLP’s holdings in Trane Technologies were worth $1,029,981,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TT. Norges Bank bought a new position in shares of Trane Technologies in the 4th quarter valued at about $1,163,124,000. Capital International Investors acquired a new stake in shares of Trane Technologies during the 4th quarter worth approximately $324,639,000. Amundi raised its stake in shares of Trane Technologies by 47.8% during the first quarter. Amundi now owns 2,174,396 shares of the company’s stock worth $906,158,000 after buying an additional 703,018 shares during the last quarter. First Trust Advisors LP lifted its holdings in Trane Technologies by 536.6% in the first quarter. First Trust Advisors LP now owns 532,138 shares of the company’s stock valued at $221,763,000 after buying an additional 448,547 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in Trane Technologies by 215.9% in the first quarter. Hsbc Holdings PLC now owns 653,423 shares of the company’s stock valued at $271,950,000 after buying an additional 446,598 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 43,778 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the sale, the chief executive officer owned 96,950 shares of the company’s stock, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TT has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Citigroup cut 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. Sanford C. Bernstein raised their price target on Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Wall Street Zen raised Trane Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, Royal Bank Of Canada dropped their price objective on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Trane Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $521.50.

Trane Technologies Stock Down 1.2%

Trane Technologies stock opened at $448.67 on Friday. The company’s 50 day simple moving average is $472.93 and its 200 day simple moving average is $461.34. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. The firm has a market capitalization of $98.72 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 1.99 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.04. The firm 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 revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, sell-side analysts anticipate that Trane Technologies plc will post 15.31 EPS for the current year.

Trane Technologies Announces Dividend

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

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.