Trane Technologies plc $TT Shares Sold by Natural Investments LLC

Natural Investments LLC decreased its stake in Trane Technologies plc (NYSE:TT) by 32.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,786 shares of the company’s stock after selling 1,807 shares during the quarter. Natural Investments LLC’s holdings in Trane Technologies were worth $1,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in Trane Technologies by 0.6% in the 4th quarter. State Street Corp now owns 10,113,123 shares of the company’s stock worth $3,936,034,000 after acquiring an additional 61,393 shares during the period. Geode Capital Management LLC raised its stake in shares of Trane Technologies by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 5,071,072 shares of the company’s stock valued at $1,964,896,000 after purchasing an additional 14,179 shares during the period. Norges Bank acquired a new position in shares of Trane Technologies during the fourth quarter worth $1,163,124,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Trane Technologies by 0.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,340,219 shares of the company’s stock worth $910,813,000 after purchasing an additional 7,537 shares in the last quarter. Finally, Amundi boosted its stake in shares of Trane Technologies by 47.8% in the first quarter. Amundi now owns 2,174,396 shares of the company’s stock valued at $906,158,000 after purchasing an additional 703,018 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Price Performance

Shares of NYSE TT opened at $439.70 on Wednesday. Trane Technologies plc has a twelve month low of $348.06 and a twelve month 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 company has a market capitalization of $96.74 billion, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 2.12 and a beta of 1.19. The business has a 50 day simple moving average of $471.30 and a 200-day simple moving average of $461.00.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business posted $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, equities research analysts expect 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 Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, September 4th. Trane Technologies’s dividend payout ratio is 31.82%.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TT. Weiss Ratings lowered shares of Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, August 26th. Sanford C. Bernstein raised their target price on Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. JPMorgan Chase & Co. lifted their target price on Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Wall Street Zen cut Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Citigroup reduced their price target on Trane Technologies from $570.00 to $566.00 and set a “buy” 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 assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $521.50.

Trane Technologies 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.