Trane Technologies plc $TT Stock: Simplicity Wealth LLC Boosts Stake

Simplicity Wealth LLC raised its holdings in shares of Trane Technologies plc (NYSE:TT) by 31.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,898 shares of the company’s stock after purchasing an additional 1,425 shares during the quarter. Simplicity Wealth LLC’s holdings in Trane Technologies were worth $2,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC increased its stake in shares of Trane Technologies by 4.3% in the third quarter. Sowell Financial Services LLC now owns 3,151 shares of the company’s stock worth $1,424,000 after purchasing an additional 129 shares in the last quarter. Gibbs Wealth Management raised its position in shares of Trane Technologies by 47.0% in the third quarter. Gibbs Wealth Management now owns 2,142 shares of the company’s stock valued at $968,000 after purchasing an additional 685 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in shares of Trane Technologies by 2.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 8,781 shares of the company’s stock valued at $3,969,000 after buying an additional 172 shares in the last quarter. MBL Wealth LLC lifted its stake in shares of Trane Technologies by 212.7% during the 3rd quarter. MBL Wealth LLC now owns 2,248 shares of the company’s stock valued at $1,016,000 after buying an additional 1,529 shares in the last quarter. Finally, Old North State Wealth Management LLC lifted its stake in shares of Trane Technologies by 3.2% during the 3rd quarter. Old North State Wealth Management LLC now owns 1,057 shares of the company’s stock valued at $480,000 after buying an additional 33 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

TT has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Robert W. Baird boosted their target price on shares of Trane Technologies from $515.00 to $532.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Evercore increased their target price on Trane Technologies from $560.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Weiss Ratings raised Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 10th. Finally, Royal Bank Of Canada raised their price target on Trane Technologies from $496.00 to $502.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Trane Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $539.42.

Trane Technologies Stock Up 0.1%

TT stock opened at $445.43 on Monday. The stock has a 50-day simple moving average of $452.34 and a two-hundred day simple moving average of $464.53. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $505.87. The firm has a market capitalization of $98.00 billion, a PE ratio of 33.74, a PEG ratio of 2.08 and a beta of 1.15. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45.

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

Trane Technologies Dividend Announcement

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

Insiders Place Their Bets

In other Trane Technologies news, CEO David Regnery sold 48,091 shares of the stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total value of $23,083,680.00. Following the sale, the chief executive officer directly 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 SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

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.