Notis McConarty Edward Takes Position in Trane Technologies plc $TT

Notis McConarty Edward purchased a new stake in Trane Technologies plc (NYSE:TT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,200 shares of the company’s stock, valued at approximately $1,081,000.

A number of other large investors have also added to or reduced their stakes in TT. Norges Bank acquired a new position in Trane Technologies in the 4th quarter valued at $1,163,124,000. Capital International Investors bought a new stake in shares of Trane Technologies during the 4th quarter valued at $324,639,000. Amundi grew its holdings in shares of Trane Technologies by 47.8% during the 1st quarter. Amundi now owns 2,174,396 shares of the company’s stock worth $906,158,000 after purchasing an additional 703,018 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Trane Technologies by 536.6% during the 1st quarter. First Trust Advisors LP now owns 532,138 shares of the company’s stock worth $221,763,000 after purchasing an additional 448,547 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Trane Technologies by 215.9% in the first quarter. Hsbc Holdings PLC now owns 653,423 shares of the company’s stock worth $271,950,000 after purchasing an additional 446,598 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 43,778 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total value of $20,794,550.00. Following the sale, the chief executive officer directly owned 96,950 shares in the company, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Trane Technologies Price Performance

Trane Technologies stock opened at $456.11 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. Trane Technologies plc has a 52 week low of $348.06 and a 52 week high of $505.87. The stock has a market capitalization of $100.35 billion, a P/E ratio of 34.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.19. The stock has a fifty day moving average of $475.49 and a 200-day moving average of $460.59.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, topping the consensus estimate of $4.27 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the company earned $3.88 EPS. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, sell-side analysts expect that Trane Technologies plc will post 15.31 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

TT has been the subject of a number of analyst reports. Sanford C. Bernstein boosted 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. Citigroup reduced their price objective on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Wall Street Zen lowered shares of Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Royal Bank Of Canada dropped their target price on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Trane Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $521.50.

Trane Technologies Company 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.