Trane Technologies (NYSE:TT) CEO David Regnery Sells 48,091 Shares of Company Stock

Trane Technologies plc (NYSE:TT) CEO David Regnery sold 48,091 shares of Trane Technologies stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 96,951 shares in the company, valued at approximately $46,536,480. This represents a 33.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trane Technologies Price Performance

Shares of TT stock traded up $2.66 on Thursday, reaching $469.93. The company had a trading volume of 1,073,524 shares, compared to its average volume of 1,373,065. The business’s 50-day moving average is $454.27 and its 200 day moving average is $460.81. Trane Technologies plc has a one year low of $348.06 and a one year high of $505.87. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $103.39 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 2.22 and a beta of 1.15.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities research analysts forecast that Trane Technologies plc will post 15.3 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders 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 is Friday, December 4th. Trane Technologies’s dividend payout ratio (DPR) is presently 31.82%.

Wall Street Analysts Forecast Growth

TT has been the subject of several research analyst reports. Royal Bank Of Canada lowered their price objective on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research note on Friday, July 31st. Wells Fargo & Company started coverage on shares of Trane Technologies in a report on Friday, September 25th. They set an “overweight” rating and a $536.00 price objective on the stock. Citigroup reduced their target price on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Weiss Ratings raised Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Finally, Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $531.21.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TT. SEB Asset Management AB acquired a new position in shares of Trane Technologies during the 1st quarter worth approximately $47,195,000. Nicholson Wealth Management Group LLC acquired a new stake in shares of Trane Technologies in the first quarter valued at about $1,644,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Trane Technologies by 54.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,153 shares of the company’s stock worth $41,321,000 after purchasing an additional 34,930 shares in the last quarter. Kestra Advisory Services LLC increased its stake in Trane Technologies by 14.2% during the 1st quarter. Kestra Advisory Services LLC now owns 26,934 shares of the company’s stock worth $11,224,000 after buying an additional 3,348 shares in the last quarter. Finally, Raiffeisen Bank International AG lifted its position in shares of Trane Technologies by 208.5% in the fourth quarter. Raiffeisen Bank International AG now owns 86,621 shares of the company’s stock valued at $33,930,000 after acquiring an additional 58,547 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Trane Technologies Company Profile

Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.

The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.