Trane Technologies plc $TT Stock: International Assets Investment Management LLC Boosts Holdings

International Assets Investment Management LLC raised its holdings in Trane Technologies plc (NYSE:TT) by 318.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,210 shares of the company’s stock after purchasing an additional 13,857 shares during the quarter. International Assets Investment Management LLC’s holdings in Trane Technologies were worth $8,231,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Lebenthal Global Advisors LLC boosted its stake in shares of Trane Technologies by 9.1% in the third quarter. Lebenthal Global Advisors LLC now owns 8,254 shares of the company’s stock worth $3,731,000 after buying an additional 691 shares during the last quarter. Renaissance Investment Group LLC raised its position in Trane Technologies by 3.9% during the third quarter. Renaissance Investment Group LLC now owns 30,501 shares of the company’s stock valued at $13,786,000 after acquiring an additional 1,156 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Trane Technologies by 1.9% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,760 shares of the company’s stock valued at $3,959,000 after acquiring an additional 160 shares in the last quarter. Parcion Private Wealth LLC lifted its holdings in Trane Technologies by 47.4% in the third quarter. Parcion Private Wealth LLC now owns 1,896 shares of the company’s stock valued at $857,000 after acquiring an additional 610 shares during the period. Finally, Soltis Investment Advisors LLC lifted its holdings in Trane Technologies by 120.4% in the third quarter. Soltis Investment Advisors LLC now owns 1,554 shares of the company’s stock valued at $702,000 after acquiring an additional 849 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

More Trane Technologies News

Here are the key news stories impacting Trane Technologies this week:

• Positive Sentiment: Strong HVAC demand and backlog support the outlook. Trane reported third-quarter earnings of $4.86 per share versus the $4.74 consensus, while revenue rose 17.7% year over year to $6.76 billion, exceeding estimates. Commercial HVAC demand helped drive a record $12.5 billion backlog, and management raised its full-year revenue outlook while reaffirming EPS guidance. Trane Technologies’ Q3 Earnings Beat on Strong Commercial HVAC Demand
• Positive Sentiment: Secular market demand remains favorable. Data-center investment, energy-efficiency initiatives and commercial infrastructure spending continue to support demand for Trane’s advanced heating, ventilation and air-conditioning systems. Comfort Systems vs. Trane: Which HVAC Stock Is a Better Buy?
• Neutral Sentiment: Trane also launched the sixth season of its Healthy Spaces podcast, highlighting sustainable technology and innovation. The announcement reinforces the company’s sustainability positioning but is unlikely to materially affect near-term valuation. Trane Technologies Launches Season 6 of the Healthy Spaces Podcast
• Negative Sentiment: Margins and bookings are weighing on sentiment. Supply-chain costs and weaker pricing are pressuring margins despite robust demand, while Oppenheimer characterized results as mixed and pointed to booking deceleration. This raises concerns that strong backlog conversion may not translate into proportional profit growth. Trane Technologies’ Mixed Q3 Results, Booking Deceleration Weigh on Sentiment
• Negative Sentiment: Analyst price targets were reduced. Royal Bank of Canada cut its target from $502 to $486 and kept a “sector perform” rating, while Argus lowered its target from $540 to $500. The revisions signal more limited confidence in near-term upside, even though both targets remain above the current share price. Argus Adjusts Price Target on Trane Technologies

Insider Buying and Selling

In related news, CEO David Regnery sold 48,091 shares of the business’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total value of $23,083,680.00. Following the completion of the sale, the chief executive officer owned 96,951 shares of the company’s stock, valued at approximately $46,536,480. The trade was a 33.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.

Analyst Upgrades and Downgrades

TT has been the topic of several recent research reports. Wells Fargo & Company assumed coverage on Trane Technologies in a research report on Friday, September 25th. They issued an “overweight” rating and a $536.00 price objective on the stock. Mizuho raised their price objective on shares of Trane Technologies from $475.00 to $485.00 and gave the stock a “neutral” rating in a research note on Thursday, October 15th. Robert W. Baird lifted their target price on shares of Trane Technologies from $515.00 to $532.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Evercore boosted their target price on shares of Trane Technologies from $560.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Argus set a $500.00 price target on shares of Trane Technologies in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $536.79.

Trane Technologies Stock Down 4.8%

Shares of TT opened at $410.30 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87. The stock’s 50 day moving average is $450.58 and its two-hundred day moving average is $453.99. The firm has a market cap of $90.27 billion, a P/E ratio of 28.98, a PEG ratio of 1.92 and a beta of 1.15.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, October 29th. The company reported $4.86 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.12. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.50 billion. Trane Technologies had a return on equity of 37.26% and a net margin of 13.56%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.88 earnings per share. Analysts predict that Trane Technologies plc will post 15.28 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 4th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $4.20 dividend on an annualized basis and a yield of 1.0%. Trane Technologies’s dividend payout ratio (DPR) is currently 29.66%.

About Trane Technologies

Trane Technologies plc is a global climate technology company that develops solutions for heating, ventilation, air conditioning, refrigeration and building management. Its products and services are designed to improve indoor comfort, energy efficiency and the sustainability of commercial, industrial, residential and institutional buildings.

The company operates through well-known brands including Trane, Thermo King and Frigoblock. Trane provides HVAC equipment, building controls, digital solutions, maintenance and energy services, while Thermo King and Frigoblock offer temperature-control systems for refrigerated transportation.