David Regnery Sells 43,778 Shares of Trane Technologies (NYSE:TT) Stock

Trane Technologies plc (NYSE:TTGet Free Report) CEO David Regnery sold 43,778 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the completion of the sale, the chief executive officer directly owned 96,950 shares in the company, valued at approximately $46,051,250. The trade was a 31.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trane Technologies Trading Up 0.7%

NYSE TT opened at $482.22 on Friday. The company has a market cap of $106.10 billion, a P/E ratio of 36.53, a P/E/G ratio of 2.10 and a beta of 1.19. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. The company has a 50-day moving average of $473.07 and a 200-day moving average of $455.70.

Trane Technologies (NYSE:TTGet Free Report) last released its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period last year, the company earned $3.88 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, equities analysts predict that Trane Technologies plc will post 15.27 earnings per share for the current year.

Trane Technologies Announces Dividend

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

Institutional Trading of Trane Technologies

Several large investors have recently added to or reduced their stakes in TT. Farther Finance Advisors LLC lifted its holdings in shares of Trane Technologies by 64.0% in the 4th quarter. Farther Finance Advisors LLC now owns 7,478 shares of the company’s stock worth $2,911,000 after purchasing an additional 2,917 shares during the last quarter. ProCore Advisors LLC bought a new position in Trane Technologies during the 4th quarter worth $939,000. Dara Capital US Inc. acquired a new stake in Trane Technologies in the fourth quarter worth $966,000. Horizon Investments LLC increased its position in Trane Technologies by 115.4% in the fourth quarter. Horizon Investments LLC now owns 30,560 shares of the company’s stock worth $11,894,000 after buying an additional 16,370 shares during the period. Finally, LBP AM SA lifted its stake in Trane Technologies by 153.0% in the fourth quarter. LBP AM SA now owns 54,112 shares of the company’s stock valued at $21,060,000 after buying an additional 32,724 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on TT shares. Wall Street Zen raised Trane Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Barclays upped their price target on Trane Technologies from $507.00 to $585.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Sanford C. Bernstein set a $555.00 price objective on Trane Technologies in a report on Thursday, July 9th. Royal Bank Of Canada decreased their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Trane Technologies has an average rating of “Moderate Buy” and an average price target of $520.07.

Read Our Latest Stock Report on Trane Technologies

Trane Technologies Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Trane Technologies (NYSE:TT)

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