Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Trane Technologies plc (NYSE:TT – Free Report) by 5.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,147 shares of the company’s stock after buying an additional 1,216 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Trane Technologies were worth $11,366,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of TT. ZWJ Investment Counsel Inc. lifted its holdings in Trane Technologies by 1.9% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 1,257 shares of the company’s stock worth $568,000 after purchasing an additional 23 shares during the last quarter. Mather Group LLC. boosted its position in Trane Technologies by 13.0% during the third quarter. Mather Group LLC. now owns 1,417 shares of the company’s stock worth $640,000 after purchasing an additional 163 shares during the period. Fortitude Family Office LLC grew its holdings in Trane Technologies by 23.4% during the third quarter. Fortitude Family Office LLC now owns 306 shares of the company’s stock valued at $138,000 after purchasing an additional 58 shares during the last quarter. Strategy Asset Managers LLC grew its holdings in Trane Technologies by 4.0% during the third quarter. Strategy Asset Managers LLC now owns 747 shares of the company’s stock valued at $338,000 after purchasing an additional 29 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC raised its position in shares of Trane Technologies by 3.4% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 3,333 shares of the company’s stock valued at $1,507,000 after purchasing an additional 109 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on TT. JPMorgan Chase & Co. initiated coverage on shares of Trane Technologies in a research note on Friday, October 9th. They issued an “overweight” rating and a $550.00 price objective for the company. Royal Bank Of Canada raised their target price on shares of Trane Technologies from $496.00 to $502.00 and gave the company a “sector perform” rating in a research note on Wednesday. The Goldman Sachs Group upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $548.00 to $565.00 in a research note on Wednesday. BNP Paribas Exane lifted their target price on shares of Trane Technologies from $560.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Wells Fargo & Company began coverage on shares of Trane Technologies in a research report on Friday, September 25th. They set an “overweight” rating and a $536.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Trane Technologies currently has an average rating of “Moderate Buy” and an average price target of $538.89.
Trane Technologies Stock Performance
NYSE:TT traded down $20.41 during mid-day trading on Thursday, hitting $450.88. 1,091,536 shares of the company’s stock traded hands, compared to its average volume of 1,364,169. The firm has a market capitalization of $99.20 billion, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. The firm has a 50 day moving average of $455.38 and a two-hundred day moving average of $462.69. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87.
Trane Technologies (NYSE:TT – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping the consensus estimate of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the business posted $3.88 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, equities analysts forecast that Trane Technologies plc will post 15.31 earnings per share for the current fiscal year.
Trane Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be paid a $1.05 dividend. The ex-dividend date is Friday, December 4th. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is presently 31.82%.
Insider Transactions at Trane Technologies
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 transaction of $23,083,680.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.
Trane Technologies Profile
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.
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