Trane Technologies (NYSE:TT) CEO David Regnery Sells 43,778 Shares

Trane Technologies plc (NYSE:TT) CEO David Regnery sold 43,778 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the transaction, the chief executive officer owned 96,950 shares in the company, valued at $46,051,250. The trade was a 31.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trane Technologies Trading Down 0.9%

NYSE TT traded down $4.30 during trading on Thursday, hitting $479.28. 812,275 shares of the company’s stock traded hands, compared to its average volume of 1,464,250. Trane Technologies plc has a 12-month low of $348.06 and a 12-month high of $505.87. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. The stock has a fifty day moving average of $471.93 and a two-hundred day moving average of $454.88. The firm has a market cap of $105.45 billion, a P/E ratio of 36.31, a PEG ratio of 2.08 and a beta of 1.19.

Trane Technologies (NYSE:TT) last issued 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 during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, sell-side analysts expect that Trane Technologies plc will post 15.27 EPS for the current year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 4th. Trane Technologies’s payout ratio is presently 31.82%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. S&CO Inc. purchased a new stake in shares of Trane Technologies during the second quarter valued at $923,000. City Holding Co. boosted its holdings in shares of Trane Technologies by 0.4% during the 2nd quarter. City Holding Co. now owns 17,215 shares of the company’s stock valued at $8,455,000 after acquiring an additional 63 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in shares of Trane Technologies in the second quarter worth approximately $891,000. Revolve Wealth Partners LLC purchased a new position in shares of Trane Technologies during the second quarter valued at approximately $243,000. Finally, Contravisory Investment Management Inc. lifted its position in Trane Technologies by 3.7% during the second quarter. Contravisory Investment Management Inc. now owns 1,424 shares of the company’s stock valued at $699,000 after purchasing an additional 51 shares during the period. 82.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TT shares. Wall Street Zen raised Trane Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. BNP Paribas Exane initiated coverage on Trane Technologies in a report on Tuesday, April 14th. They issued an “outperform” rating and a $550.00 price objective for the company. Barclays lifted their price objective on Trane Technologies from $507.00 to $585.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a report on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Trane Technologies has an average rating of “Moderate Buy” and a consensus price target of $520.07.

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.