1,182 Trane Technologies plc $TT Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. reduced its stake in Trane Technologies plc (NYSE:TT) by 76.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 360 shares of the company’s stock after selling 1,182 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Trane Technologies were worth $163,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TT. SEB Asset Management AB purchased a new stake in Trane Technologies in the first quarter valued at approximately $47,195,000. Nicholson Wealth Management Group LLC purchased a new position in shares of Trane Technologies during the first quarter worth $1,644,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of 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 during the period. Kestra Advisory Services LLC boosted its position in shares of Trane Technologies by 14.2% during 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 period. Finally, KPP Advisory Services LLC acquired a new stake in shares of Trane Technologies in the first quarter valued at $855,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

TT has been the topic of several research analyst reports. Evercore boosted their price objective on Trane Technologies from $560.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft lowered their target price on Trane Technologies from $515.00 to $499.00 and set a “hold” rating for the company in a report on Wednesday, September 30th. JPMorgan Chase & Co. began coverage on Trane Technologies in a research report on Friday, October 9th. They issued an “overweight” rating and a $550.00 target price for the company. Citigroup dropped their target price on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, The Goldman Sachs Group upgraded shares of Trane Technologies from a “neutral” rating to a “buy” rating and set a $565.00 price target on the stock in a research note on Wednesday. Two 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’s stock. Based on data from MarketBeat.com, Trane Technologies has an average rating of “Moderate Buy” and a consensus price target of $538.89.

Insider Activity

In other news, CEO David Regnery sold 48,091 shares of Trane Technologies 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 transaction, the chief executive officer owned 96,951 shares in the company, valued at approximately $46,536,480. This trade represents a 33.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Trane Technologies Stock Down 1.5%

Shares of Trane Technologies stock traded down $7.25 during trading hours on Wednesday, reaching $470.75. 467,600 shares of the company were exchanged, compared to its average volume of 1,362,294. The firm has a market cap of $103.58 billion, a PE ratio of 35.65, a PEG ratio of 2.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. Trane Technologies plc has a 1 year low of $348.06 and a 1 year high of $505.87. The stock’s fifty day moving average is $455.64 and its 200 day moving average is $462.24.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating 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 business posted $3.88 earnings per share. Trane Technologies’s 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. As a group, equities research analysts forecast that Trane Technologies plc will post 15.30 earnings per share for the current year.

Trane Technologies Announces Dividend

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. 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 presently 31.82%.

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.