Rathbones Group PLC Buys 2,375 Shares of Trane Technologies plc $TT

Rathbones Group PLC raised its stake in Trane Technologies plc (NYSE:TT) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 68,570 shares of the company’s stock after purchasing an additional 2,375 shares during the quarter. Rathbones Group PLC’s holdings in Trane Technologies were worth $26,687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tucker Asset Management LLC bought a new stake in Trane Technologies in the fourth quarter valued at approximately $25,000. United Community Bank lifted its position in Trane Technologies by 134.4% in the third quarter. United Community Bank now owns 75 shares of the company’s stock valued at $32,000 after purchasing an additional 43 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Trane Technologies in the third quarter valued at approximately $32,000. Creative Financial Designs Inc. ADV lifted its position in Trane Technologies by 119.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 90 shares of the company’s stock valued at $35,000 after purchasing an additional 49 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in Trane Technologies in the third quarter valued at approximately $42,000. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In other news, CAO Elizabeth A. Elwell sold 635 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $422.70, for a total value of $268,414.50. Following the sale, the chief accounting officer directly owned 7,100 shares of the company’s stock, valued at approximately $3,001,170. This represents a 8.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Donald E. Simmons sold 4,593 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $500.00, for a total value of $2,296,500.00. Following the completion of the sale, the insider directly owned 3,819 shares in the company, valued at approximately $1,909,500. This represents a 54.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 53,654 shares of company stock valued at $23,269,523. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Evercore assumed coverage on Trane Technologies in a research report on Monday, April 13th. They issued an “outperform” rating and a $535.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research report on Monday, April 20th. BNP Paribas Exane began coverage on Trane Technologies in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $550.00 price objective for the company. Finally, Royal Bank Of Canada upped their target price on Trane Technologies from $440.00 to $501.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $506.56.

Trane Technologies Price Performance

TT opened at $446.83 on Friday. The stock has a fifty day simple moving average of $451.88 and a two-hundred day simple moving average of $429.26. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. The company has a market cap of $98.77 billion, a price-to-earnings ratio of 34.56, a price-to-earnings-growth ratio of 2.08 and a beta of 1.25. Trane Technologies plc has a 12-month low of $348.06 and a 12-month high of $503.47.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, April 30th. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.10. The business had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.81 billion. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.45 earnings per share. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. Research analysts predict that Trane Technologies plc will post 14.9 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. Trane Technologies’s dividend payout ratio is currently 32.48%.

Trane Technologies Profile

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.