13,213 Trane Technologies plc $TT Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in Trane Technologies plc (NYSE:TT) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,371 shares of the company’s stock after acquiring an additional 13,213 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Trane Technologies were worth $155,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TT. Wilkerson Advisory Group LLC grew its stake in Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after purchasing an additional 34 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in shares of Trane Technologies by 153.8% in the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock worth $32,000 after purchasing an additional 40 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake 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 worth $33,000 after purchasing an additional 52 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of Trane Technologies during the first quarter worth about $33,000. Finally, James T. Borello RIA boosted its position in Trane Technologies by 41.7% in the third quarter. James T. Borello RIA now owns 102 shares of the company’s stock valued at $46,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In related news, CEO David Regnery sold 48,091 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 96,951 shares in the company, valued at $46,536,480. This represents a 33.16% decrease in their position. The transaction was disclosed in a document filed 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. 0.43% of the stock is owned by corporate insiders.

Trane Technologies Trading Up 2.1%

Shares of NYSE:TT opened at $471.29 on Thursday. 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 business has a 50 day moving average of $453.61 and a two-hundred day moving average of $464.28. Trane Technologies plc has a 12-month low of $348.06 and a 12-month high of $505.87. The company has a market capitalization of $103.69 billion, a PE ratio of 35.70, a PEG ratio of 2.15 and a beta of 1.15.

Trane Technologies (NYSE:TT) last released its quarterly earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the business earned $3.88 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, analysts forecast that Trane Technologies plc will post 15.32 EPS for the current year.

Trane Technologies Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have issued reports on TT shares. Citigroup reduced their price target on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Weiss Ratings raised shares of Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. Sanford C. Bernstein increased their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Mizuho raised their target price on shares of Trane Technologies from $475.00 to $485.00 and gave the stock a “neutral” rating in a report on Thursday, October 15th. Finally, Evercore boosted their target price on shares of Trane Technologies from $560.00 to $565.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Trane Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $539.42.

About Trane Technologies

Trane Technologies plc is a global climate technology company that develops solutions for heating, ventilation, air conditioning, refrigeration and building management. Its products and services are designed to improve indoor comfort, energy efficiency and the sustainability of commercial, industrial, residential and institutional buildings.

The company operates through well-known brands including Trane, Thermo King and Frigoblock. Trane provides HVAC equipment, building controls, digital solutions, maintenance and energy services, while Thermo King and Frigoblock offer temperature-control systems for refrigerated transportation.