Trane Technologies plc $TT Shares Bought by Ninety One UK Ltd

Ninety One UK Ltd increased its position in Trane Technologies plc (NYSE:TT) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 926,668 shares of the company’s stock after purchasing an additional 3,624 shares during the period. Trane Technologies makes up 1.0% of Ninety One UK Ltd’s investment portfolio, making the stock its 29th largest holding. Ninety One UK Ltd’s holdings in Trane Technologies were worth $418,835,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Bell Investment Advisors Inc boosted its holdings in Trane Technologies by 12.2% during the 1st quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock worth $85,000 after acquiring an additional 22 shares during the last quarter. Toth Financial Advisory Corp grew its stake in shares of Trane Technologies by 10.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 239 shares of the company’s stock worth $108,000 after acquiring an additional 23 shares in the last quarter. ZWJ Investment Counsel Inc. grew its stake in shares of 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 acquiring an additional 23 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of Trane Technologies by 14.5% in the first quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock valued at $79,000 after purchasing an additional 24 shares during the last quarter. Finally, Westfuller Advisors LLC raised its holdings in shares of Trane Technologies by 5.9% in the first quarter. Westfuller Advisors LLC now owns 447 shares of the company’s stock valued at $186,000 after purchasing an additional 25 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Trane Technologies Stock Performance

TT stock traded down $18.88 during midday trading on Thursday, hitting $452.41. The company’s stock had a trading volume of 1,115,293 shares, compared to its average volume of 1,364,406. The stock has a market cap of $99.54 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.23 and a beta of 1.15. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. The stock’s 50-day moving average price is $455.38 and its 200 day moving average price is $462.69. Trane Technologies plc has a 1 year low of $348.06 and a 1 year high of $505.87.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.88 EPS. 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 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be paid a dividend of $1.05 per share. 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 Activity

In related news, CEO David Regnery sold 48,091 shares of Trane Technologies stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total value of $23,083,680.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TT shares. Sanford C. Bernstein raised their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings raised shares of Trane Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 10th. Royal Bank Of Canada upped their price objective on shares of Trane Technologies from $496.00 to $502.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Citigroup decreased their price objective on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Finally, Mizuho lifted their target price on shares of Trane Technologies from $475.00 to $485.00 and gave the stock a “neutral” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Trane Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $539.42.

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.