Trane Technologies plc $TT Stock Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC grew its stake in shares of Trane Technologies plc (NYSE:TT) by 5.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. SEB Asset Management AB acquired a new stake in Trane Technologies in the 1st quarter valued at about $47,195,000. Nicholson Wealth Management Group LLC acquired a new stake in Trane Technologies during the first quarter valued at approximately $1,644,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Trane Technologies by 54.4% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,153 shares of the company’s stock worth $41,321,000 after buying an additional 34,930 shares in the last quarter. Kestra Advisory Services LLC grew its position in Trane Technologies by 14.2% in the first quarter. Kestra Advisory Services LLC now owns 26,934 shares of the company’s stock worth $11,224,000 after buying an additional 3,348 shares during the last quarter. Finally, KPP Advisory Services LLC bought a new position in shares of Trane Technologies in the first quarter valued at $855,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO David Regnery sold 48,091 shares of Trane Technologies stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total transaction 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. This trade represents a 33.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TT shares. Wall Street Zen downgraded Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. The Goldman Sachs Group raised Trane Technologies from a “neutral” rating to a “buy” rating and upped their target price for the company from $548.00 to $565.00 in a report on Wednesday. Sanford C. Bernstein increased their price target on Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Royal Bank Of Canada lifted their price target on Trane Technologies from $496.00 to $502.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Evercore upped their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Trane Technologies presently has an average rating of “Moderate Buy” and an average price target of $538.89.

Trane Technologies Stock Down 4.3%

NYSE:TT traded down $20.41 during trading hours 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 cap of $99.20 billion, a P/E ratio of 34.16, a P/E/G ratio of 2.23 and a beta of 1.15. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $505.87. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. The stock’s fifty day moving average price is $455.38 and its two-hundred day moving average price is $462.69.

Trane Technologies (NYSE:TT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the company posted $3.88 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, research analysts expect that Trane Technologies plc will post 15.31 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 Thursday, December 31st. Investors of record on Friday, December 4th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, December 4th. Trane Technologies’s dividend payout ratio (DPR) is currently 31.82%.

Trane Technologies Company 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.