Trane Technologies plc $TT Shares Bought by Simplicity Wealth LLC

Simplicity Wealth LLC raised its holdings in shares of Trane Technologies plc (NYSE:TT) by 31.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,898 shares of the company’s stock after acquiring an additional 1,425 shares during the period. Simplicity Wealth LLC’s holdings in Trane Technologies were worth $2,666,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TT. Amundi increased its stake in Trane Technologies by 47.8% in the 1st quarter. Amundi now owns 2,174,396 shares of the company’s stock worth $906,158,000 after acquiring an additional 703,018 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Trane Technologies by 10.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,878,018 shares of the company’s stock valued at $782,707,000 after acquiring an additional 180,537 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Trane Technologies by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,035,241 shares of the company’s stock valued at $431,347,000 after acquiring an additional 32,286 shares during the last quarter. Ninety One UK Ltd boosted its position in shares of Trane Technologies by 0.4% during the 3rd quarter. Ninety One UK Ltd now owns 926,668 shares of the company’s stock valued at $418,835,000 after acquiring an additional 3,624 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Trane Technologies by 51.9% during the first 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 in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Trane Technologies Stock Performance

Shares of NYSE TT opened at $445.43 on Monday. The stock has a market cap of $98.00 billion, a price-to-earnings ratio of 33.74, a P/E/G 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. Trane Technologies plc has a 1-year low of $348.06 and a 1-year high of $505.87. The stock’s 50-day moving average is $452.34 and its 200 day moving average is $464.53.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%. Trane Technologies’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, sell-side analysts anticipate that Trane Technologies plc will post 15.32 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 paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is 31.82%.

Insider Buying and Selling at Trane Technologies

In other news, CEO David Regnery sold 48,091 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 96,951 shares in the company, valued at approximately $46,536,480. The trade was a 33.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Trane Technologies from $515.00 to $499.00 and set a “hold” rating on the stock in a research note on Wednesday, September 30th. Robert W. Baird lifted their target price on shares of Trane Technologies from $515.00 to $532.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. initiated coverage on shares of Trane Technologies in a research note on Friday, October 9th. They issued an “overweight” rating and a $550.00 price target for the company. Finally, Citigroup cut their price target on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Two research 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. According to data from MarketBeat.com, Trane Technologies has an average rating of “Moderate Buy” and a consensus target price of $539.42.

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.