1,529 Trane Technologies plc $TT Shares Purchased by MBL Wealth LLC

MBL Wealth LLC boosted its holdings in shares of Trane Technologies plc (NYSE:TT) by 212.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,248 shares of the company’s stock after acquiring an additional 1,529 shares during the quarter. MBL Wealth LLC’s holdings in Trane Technologies were worth $1,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TT. Wilkerson Advisory Group LLC increased its holdings in shares of Trane Technologies by 136.0% in 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 period. Elevation Wealth Partners LLC lifted its position 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 in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of Trane Technologies by 192.6% during 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 period. Frazier Financial Advisors LLC acquired a new stake in shares of Trane Technologies during the first quarter worth approximately $33,000. Finally, James T. Borello RIA boosted its holdings in shares of Trane Technologies by 41.7% during the third quarter. James T. Borello RIA now owns 102 shares of the company’s stock worth $46,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

In related news, CEO David Regnery sold 48,091 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total value of $23,083,680.00. Following the completion of the sale, the chief executive officer directly owned 96,951 shares in the company, valued at approximately $46,536,480. The trade was a 33.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TT. Robert W. Baird upped their price objective 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. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Trane Technologies from $515.00 to $499.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. JPMorgan Chase & Co. initiated coverage on shares of Trane Technologies in a research note on Friday, October 9th. They set an “overweight” rating and a $550.00 target price for the company. Wall Street Zen cut shares of Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Finally, Mizuho upped their price target on shares of Trane Technologies from $475.00 to $485.00 and gave the stock a “neutral” rating in a research note on Thursday, October 15th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $539.42.

Trane Technologies Stock Down 0.8%

TT stock opened at $445.43 on Friday. 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 $98.00 billion, a PE ratio of 33.74, a PEG ratio of 2.09 and a beta of 1.15. Trane Technologies plc has a 1 year low of $348.06 and a 1 year high of $505.87. The company has a fifty day simple moving average of $452.34 and a 200 day simple moving average of $464.30.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. The company had revenue of $6.35 billion during 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 business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Sell-side analysts anticipate that Trane Technologies plc will post 15.32 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently disclosed 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. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 4th. Trane Technologies’s dividend payout ratio (DPR) is presently 31.82%.

Trane Technologies Profile

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.