Trane Technologies plc $TT Holdings Boosted by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC boosted its holdings in Trane Technologies plc (NYSE:TT) by 38.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,366 shares of the company’s stock after acquiring an additional 5,623 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Trane Technologies were worth $9,205,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TT. Wilkerson Advisory Group LLC increased its stake in Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock valued at $25,000 after purchasing an additional 34 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in shares of Trane Technologies by 153.8% in the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Physician Wealth Advisors Inc. lifted its stake in shares of Trane Technologies by 192.6% in the first quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock valued at $33,000 after buying an additional 52 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Trane Technologies in the first quarter valued at $33,000. Finally, Axiom Investment Management LLC acquired a new position in shares of Trane Technologies during the first quarter valued at about $50,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Trane Technologies Trading Up 0.3%

NYSE TT opened at $458.57 on Friday. The firm has a market capitalization of $100.89 billion, a P/E ratio of 34.74, a PEG ratio of 2.13 and a beta of 1.15. The business has a fifty day simple moving average of $454.48 and a 200 day simple moving average of $462.99. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87. 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 (NYSE:TT) last issued its quarterly earnings data 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 business had revenue of $6.35 billion for 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%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, analysts predict that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be issued a $1.05 dividend. The ex-dividend date is Friday, December 4th. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio is currently 31.82%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TT shares. BNP Paribas Exane boosted their target price on shares of Trane Technologies from $560.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Royal Bank Of Canada upped their target price on shares of Trane Technologies from $496.00 to $502.00 and gave the stock a “sector perform” rating in a report on Wednesday. Citigroup dropped their price target on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Evercore lifted their price target on Trane Technologies from $560.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Sanford C. Bernstein lifted their price target on Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Trane Technologies has an average rating of “Moderate Buy” and an average price target of $539.42.

Insider Buying and Selling at Trane Technologies

In related news, CEO David Regnery sold 48,091 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total transaction of $23,083,680.00. Following the transaction, the chief executive officer directly owned 96,951 shares of the company’s stock, valued at $46,536,480. This trade represents a 33.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

Trane Technologies 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.