S&CO Inc. Makes New $923,000 Investment in Trane Technologies plc $TT

S&CO Inc. purchased a new stake in Trane Technologies plc (NYSE:TT) during the second quarter, HoldingsChannel.com reports. The firm purchased 1,880 shares of the company’s stock, valued at approximately $923,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Trane Technologies in the 4th quarter worth $1,163,124,000. Capital International Investors purchased a new stake in Trane Technologies during the fourth quarter valued at about $324,639,000. Amundi grew its position in Trane Technologies by 47.8% during 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 during the period. First Trust Advisors LP increased its stake in Trane Technologies by 536.6% during the first quarter. First Trust Advisors LP now owns 532,138 shares of the company’s stock worth $221,763,000 after acquiring an additional 448,547 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Trane Technologies by 215.9% during the first quarter. Hsbc Holdings PLC now owns 653,423 shares of the company’s stock worth $271,950,000 after acquiring an additional 446,598 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 43,778 shares of Trane Technologies stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the completion of the transaction, the chief executive officer directly owned 96,950 shares in the company, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.

Trane Technologies Stock Up 0.5%

TT stock opened at $479.87 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 50 day simple moving average of $475.14 and a 200-day simple moving average of $458.85. The company has a market capitalization of $105.58 billion, a P/E ratio of 36.35, a PEG ratio of 2.11 and a beta of 1.19. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $505.87.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (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 firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the prior year, the company posted $3.88 earnings per share. The firm’s quarterly 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. On average, equities research analysts predict that Trane Technologies plc will post 15.31 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is presently 31.82%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. increased their target price on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Barclays raised their price target on shares of Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a report on Friday, May 1st. KeyCorp raised their price objective on Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $521.50.

About Trane Technologies

Trane Technologies (NYSE: TT) is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.