Fisher Asset Management LLC Lowers Holdings in Trane Technologies plc $TT

Fisher Asset Management LLC decreased its holdings in Trane Technologies plc (NYSE:TT) by 1.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,960,522 shares of the company’s stock after selling 23,149 shares during the period. Fisher Asset Management LLC’s holdings in Trane Technologies were worth $763,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TT. Tucker Asset Management LLC acquired a new position in shares of Trane Technologies in the 4th quarter valued at about $25,000. United Community Bank lifted its stake in shares of Trane Technologies by 134.4% in the 3rd quarter. United Community Bank now owns 75 shares of the company’s stock valued at $32,000 after purchasing an additional 43 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Trane Technologies in the 3rd quarter valued at about $32,000. Creative Financial Designs Inc. ADV lifted its stake in shares of Trane Technologies by 119.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 90 shares of the company’s stock valued at $35,000 after purchasing an additional 49 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Trane Technologies in the 3rd quarter valued at about $42,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Trane Technologies Stock Performance

Shares of NYSE:TT opened at $451.57 on Monday. The company has a market cap of $99.82 billion, a P/E ratio of 34.92, a PEG ratio of 2.07 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.10. Trane Technologies plc has a one year low of $348.06 and a one year high of $503.47. The business’s 50-day simple moving average is $452.26 and its 200 day simple moving average is $429.29.

Trane Technologies (NYSE:TT) last announced its earnings results on Thursday, April 30th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.53 by $0.10. The business had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.81 billion. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $2.45 EPS. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. On average, sell-side analysts forecast that Trane Technologies plc will post 14.9 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th 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, June 5th. Trane Technologies’s dividend payout ratio (DPR) is presently 32.48%.

Insider Buying and Selling

In other Trane Technologies news, CAO Elizabeth A. Elwell sold 635 shares of Trane Technologies stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $422.70, for a total transaction of $268,414.50. Following the sale, the chief accounting officer directly owned 7,100 shares in the company, valued at $3,001,170. The trade was a 8.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christopher J. Kuehn sold 8,619 shares of Trane Technologies stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $450.00, for a total value of $3,878,550.00. Following the sale, the chief financial officer owned 60,576 shares in the company, valued at $27,259,200. This represents a 12.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 53,654 shares of company stock valued at $23,269,523. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TT shares. JPMorgan Chase & Co. lifted their price objective on Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. KeyCorp lifted their price objective on Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Barclays lifted their price objective on Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Trane Technologies in a research note on Monday, April 20th. Finally, Evercore initiated coverage on Trane Technologies in a report on Monday, April 13th. They set an “outperform” rating and a $535.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $506.56.

Trane Technologies Profile

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.