Trane Technologies plc $TT Stock Position Lowered by Robeco Schweiz AG

Robeco Schweiz AG cut its stake in shares of Trane Technologies plc (NYSE:TT) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 169,032 shares of the company’s stock after selling 6,872 shares during the quarter. Trane Technologies accounts for approximately 1.4% of Robeco Schweiz AG’s holdings, making the stock its 22nd biggest position. Robeco Schweiz AG’s holdings in Trane Technologies were worth $76,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi boosted its holdings 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 acquiring an additional 703,018 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Trane Technologies by 10.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,878,018 shares of the company’s stock valued at $782,707,000 after purchasing an additional 180,537 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Trane Technologies by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,035,241 shares of the company’s stock valued at $431,347,000 after purchasing an additional 32,286 shares in the last quarter. Ninety One UK Ltd increased its position in Trane Technologies by 0.4% during the 3rd quarter. Ninety One UK Ltd now owns 926,668 shares of the company’s stock worth $418,835,000 after purchasing an additional 3,624 shares during the period. Finally, California Public Employees Retirement System increased its position in Trane Technologies by 51.9% during the 1st quarter. California Public Employees Retirement System now owns 686,691 shares of the company’s stock worth $286,172,000 after purchasing an additional 234,666 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TT has been the subject of several research analyst reports. BNP Paribas Exane increased their price objective on Trane Technologies from $560.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. assumed coverage on shares of Trane Technologies in a report on Friday, October 9th. They set an “overweight” rating and a $550.00 price objective on the stock. Wall Street Zen lowered shares of Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Evercore increased their target price on shares of Trane Technologies from $560.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $548.00 to $565.00 in a research report on Wednesday, October 14th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $539.42.

Trane Technologies Stock Performance

Shares of TT opened at $445.43 on Friday. Trane Technologies plc has a 12-month low of $348.06 and a 12-month high of $505.87. The stock has a market cap of $98.00 billion, a P/E ratio of 33.74, a PEG ratio of 2.08 and a beta of 1.15. 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 50-day moving average of $452.34 and a two-hundred day moving average of $464.30.

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. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, research analysts predict that Trane Technologies plc will post 15.32 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be given 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 payout ratio is currently 31.82%.

Insider Buying and Selling at Trane Technologies

In other Trane Technologies news, CEO David Regnery sold 48,091 shares of the stock in a transaction on Tuesday, October 6th. The stock was 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 of the company’s stock, valued at $46,536,480. This represents a 33.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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.

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.