Plato Investment Management Ltd Makes New $4.33 Million Investment in Trane Technologies plc $TT

Plato Investment Management Ltd purchased a new stake in Trane Technologies plc (NYSE:TT) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,869 shares of the company’s stock, valued at approximately $4,331,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in Trane Technologies by 60.0% during the fourth quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock worth $2,288,000 after buying an additional 2,323 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Trane Technologies by 22.4% in the second quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock valued at $728,000 after buying an additional 305 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of Trane Technologies during the 2nd quarter valued at approximately $227,000. Nebula Research & Development LLC boosted its stake in shares of Trane Technologies by 178.0% during the 2nd quarter. Nebula Research & Development LLC now owns 2,371 shares of the company’s stock worth $1,037,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Trane Technologies by 0.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 104,140 shares of the company’s stock worth $45,552,000 after acquiring an additional 497 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TT. Barclays raised their price objective on Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a report on Friday, July 17th. KeyCorp raised their price target on Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Sanford C. Bernstein boosted their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $521.50.

Trane Technologies Trading Down 0.1%

Shares of TT opened at $479.87 on Monday. 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 firm has a 50 day simple moving average of $475.14 and a 200-day simple moving average of $459.30. Trane Technologies plc has a 1-year low of $348.06 and a 1-year high of $505.87. The stock has a market cap of $105.58 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19.

Trane Technologies (NYSE:TT) last posted its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.Trane Technologies’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities analysts forecast that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Trane Technologies Announces Dividend

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

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 43,778 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the sale, the chief executive officer owned 96,950 shares of the company’s stock, valued at $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

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.