Trane Technologies plc $TT Stock: Generali Asset Management SPA SGR Boosts Position

Generali Asset Management SPA SGR boosted its position in shares of Trane Technologies plc (NYSE:TT) by 6.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 35,506 shares of the company’s stock after acquiring an additional 2,236 shares during the period. Generali Asset Management SPA SGR’s holdings in Trane Technologies were worth $16,048,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC increased its stake in Trane Technologies by 136.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock worth $25,000 after acquiring an additional 34 shares during the last quarter. Elevation Wealth Partners LLC raised its holdings in shares of Trane Technologies by 153.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock worth $32,000 after acquiring an additional 40 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Trane Technologies by 192.6% during the 1st quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock worth $33,000 after acquiring an additional 52 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Trane Technologies during the 1st quarter valued at approximately $33,000. Finally, James T. Borello RIA boosted its position in shares of Trane Technologies by 41.7% during the 3rd quarter. James T. Borello RIA now owns 102 shares of the company’s stock valued at $46,000 after acquiring an additional 30 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Trane Technologies news, CEO David Regnery sold 48,091 shares of Trane Technologies stock in a transaction on 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 directly owned 96,951 shares of the company’s stock, valued at $46,536,480. The trade was a 33.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on TT. Deutsche Bank Aktiengesellschaft cut their target price on shares of Trane Technologies from $515.00 to $499.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. Mizuho upped their price target on shares of Trane Technologies from $475.00 to $485.00 and gave the company a “neutral” rating in a research note on Thursday, October 15th. Sanford C. Bernstein increased their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Citigroup lowered their price objective 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. Finally, BNP Paribas Exane lifted their price objective on shares of Trane Technologies from $560.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Trane Technologies presently has an average rating of “Moderate Buy” and an average target price of $539.42.

Trane Technologies Price Performance

Shares of NYSE TT opened at $461.47 on Wednesday. The business’s 50 day moving average is $452.17 and its two-hundred day moving average is $453.26. Trane Technologies plc has a 1-year low of $348.06 and a 1-year high of $505.87.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.20 billion. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, research analysts predict that Trane Technologies plc will post 15.32 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 4th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, December 4th.

Trane Technologies Company 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.