Trane Technologies (NYSE:TT) CEO Sells 48,091 Shares of Company Stock

Trane Technologies plc (NYSE:TT) CEO David Regnery sold 48,091 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total transaction of $23,083,680.00. Following the completion of the transaction, the chief executive officer directly owned 96,951 shares in the company, valued at approximately $46,536,480. This represents a 33.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trane Technologies Price Performance

NYSE TT traded up $2.66 during trading hours on Thursday, hitting $469.93. 1,073,524 shares of the company’s stock traded hands, compared to its average volume of 1,373,065. The company has a market capitalization of $103.39 billion, a PE ratio of 35.60, a PEG ratio of 2.22 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. Trane Technologies plc has a 52-week low of $348.06 and a 52-week high of $505.87. The firm’s 50-day moving average is $454.27 and its 200-day moving average is $460.81.

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 business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted $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 15.3 EPS for the current fiscal year.

Trane Technologies Announces Dividend

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

Institutional Investors Weigh In On Trane Technologies

Large investors have recently modified their holdings of the company. Bell Investment Advisors Inc lifted its position in shares of Trane Technologies by 12.2% in the first quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock worth $85,000 after purchasing an additional 22 shares in the last quarter. Toth Financial Advisory Corp increased its position in shares of Trane Technologies by 10.6% in the third quarter. Toth Financial Advisory Corp now owns 239 shares of the company’s stock valued at $108,000 after acquiring an additional 23 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in Trane Technologies by 14.5% in the first quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock valued at $79,000 after purchasing an additional 24 shares in the last quarter. Wescott Financial Advisory Group LLC increased its position in shares of Trane Technologies by 1.5% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 1,719 shares of the company’s stock worth $669,000 after purchasing an additional 25 shares during the last quarter. Finally, Westfuller Advisors LLC raised its stake in shares of Trane Technologies by 5.9% during the 1st quarter. Westfuller Advisors LLC now owns 447 shares of the company’s stock worth $186,000 after purchasing an additional 25 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TT has been the topic of several recent research reports. Royal Bank Of Canada lowered their price target on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Sanford C. Bernstein increased their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Citigroup reduced 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. Finally, Wells Fargo & Company began coverage on Trane Technologies in a report on Friday, September 25th. They issued an “overweight” rating and a $536.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $531.21.

About Trane Technologies

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.