Trane Technologies plc $TT Holdings Lessened by Ninety One North America Inc.

Ninety One North America Inc. cut its stake in Trane Technologies plc (NYSE:TT) by 22.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,046 shares of the company’s stock after selling 6,371 shares during the period. Ninety One North America Inc.’s holdings in Trane Technologies were worth $9,964,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Amundi grew its position in shares of Trane Technologies by 47.8% during the first quarter. Amundi now owns 2,174,396 shares of the company’s stock worth $906,158,000 after buying an additional 703,018 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Trane Technologies by 10.6% in the first quarter. Janus Henderson Group PLC now owns 1,878,018 shares of the company’s stock valued at $782,707,000 after acquiring an additional 180,537 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Trane Technologies by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,035,241 shares of the company’s stock valued at $431,347,000 after acquiring an additional 32,286 shares in the last quarter. California Public Employees Retirement System raised its holdings in Trane Technologies by 51.9% in the first quarter. California Public Employees Retirement System now owns 686,691 shares of the company’s stock valued at $286,172,000 after acquiring an additional 234,666 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Trane Technologies by 215.9% in the first quarter. Hsbc Holdings PLC now owns 653,423 shares of the company’s stock worth $271,950,000 after acquiring an additional 446,598 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Stock Down 4.3%

Shares of NYSE:TT traded down $20.14 during trading on Thursday, hitting $451.14. 1,104,501 shares of the company were exchanged, compared to its average volume of 1,364,169. The firm’s 50 day moving average price is $455.38 and its 200-day moving average price is $462.69. 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 stock has a market capitalization of $99.26 billion, a P/E ratio of 34.17, a PEG ratio of 2.23 and a beta of 1.15.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period in the previous year, the company earned $3.88 earnings per share. Trane Technologies’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 predict that Trane Technologies plc will post 15.31 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 4th. Trane Technologies’s payout ratio is presently 31.82%.

Insider Activity

In related news, CEO David Regnery sold 48,091 shares of the company’s stock in a transaction dated Tuesday, October 6th. The stock was 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 directly owned 96,951 shares of the company’s stock, valued at $46,536,480. This represents a 33.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TT shares. Citigroup lowered their price target on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a report on Friday, July 31st. Sanford C. Bernstein lifted their price objective on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Trane Technologies from $515.00 to $499.00 and set a “hold” rating on the stock in a report on Wednesday, September 30th. Finally, Royal Bank Of Canada raised their price target on Trane Technologies from $496.00 to $502.00 and gave the company a “sector perform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $538.89.

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.