Trane Technologies plc $TT Shares Acquired by KBC Group NV

KBC Group NV increased its position in Trane Technologies plc (NYSE:TT) by 13.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,614 shares of the company’s stock after buying an additional 7,854 shares during the period. KBC Group NV’s holdings in Trane Technologies were worth $28,263,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TT. Ameriflex Group Inc. purchased a new stake in shares of Trane Technologies during the 2nd quarter valued at $28,000. Hantz Financial Services Inc. lifted its holdings in Trane Technologies by 1,016.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after buying an additional 61 shares in the last quarter. Saudi Central Bank acquired a new stake in Trane Technologies during the 1st quarter valued at approximately $30,000. Dagco Inc. bought a new stake in shares of Trane Technologies in the first quarter worth $37,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in shares of Trane Technologies by 23.4% during the first quarter. CBIZ Investment Advisory Services LLC now owns 137 shares of the company’s stock worth $46,000 after purchasing an additional 26 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Stock Down 1.7%

Shares of Trane Technologies stock opened at $414.40 on Friday. The stock has a 50-day simple moving average of $419.70 and a 200-day simple moving average of $424.33. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The firm has a market cap of $91.89 billion, a price-to-earnings ratio of 32.86, a P/E/G ratio of 2.66 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.76.

Trane Technologies (NYSE:TT) last released its quarterly earnings data on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.08. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same quarter in the previous year, the business earned $3.37 EPS. Trane Technologies’s quarterly revenue was up 5.5% compared to the same quarter last year. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, equities research analysts expect that Trane Technologies plc will post 12.83 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 5th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 5th. Trane Technologies’s dividend payout ratio is currently 28.92%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. HSBC cut shares of Trane Technologies from a “buy” rating to a “hold” rating and increased their target price for the stock from $415.00 to $460.00 in a report on Thursday, July 31st. JPMorgan Chase & Co. raised their price target on Trane Technologies from $407.00 to $434.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $490.00 to $550.00 in a research report on Thursday. Hsbc Global Res downgraded shares of Trane Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Finally, Barclays upped their target price on Trane Technologies from $485.00 to $495.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Hold” and an average price target of $472.07.

Insider Activity

In other news, CAO Elizabeth A. Elwell sold 600 shares of Trane Technologies stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $440.00, for a total value of $264,000.00. Following the transaction, the chief accounting officer directly owned 7,148 shares in the company, valued at approximately $3,145,120. The trade was a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David S. Regnery sold 22,497 shares of Trane Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the transaction, the chief executive officer directly owned 123,713 shares in the company, valued at approximately $50,722,330. This represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.14% of the company’s stock.

Trane Technologies Company Profile

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.