11,864 Shares in Trane Technologies plc $TT Acquired by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors acquired 11,864 shares of Trane Technologies in the second quarter, valued at approximately $5.83 million. Institutional investors and hedge funds collectively own 82.97% of the company.
• Trane Technologies exceeded quarterly expectations, reporting $4.31 in EPS and $6.35 billion in revenue, with revenue rising 10.6% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $521.50.
• The company declared a quarterly dividend of $1.05 per share, equal to $4.20 annually and a 0.9% yield. CEO David Regnery separately sold 43,778 shares under a pre-arranged Rule 10b5-1 trading plan.

Great Lakes Advisors LLC bought a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,864 shares of the company's stock, valued at approximately $5,827,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilkerson Advisory Group LLC lifted its position in shares of Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company's stock valued at $25,000 after acquiring an additional 34 shares during the last quarter. Tucker Asset Management LLC acquired a new position in shares of Trane Technologies in the 4th quarter worth $25,000. Elevation Wealth Partners LLC grew its holdings in shares of Trane Technologies by 153.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 66 shares of the company's stock worth $32,000 after acquiring an additional 40 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Trane Technologies during the third quarter worth $32,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of Trane Technologies by 192.6% during the first quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company's stock valued at $33,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Insiders Place Their Bets

In other news, CEO David S. Regnery sold 43,778 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the completion of the sale, the chief executive officer directly owned 96,950 shares of the company's stock, valued at $46,051,250. This trade represents a 31.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.

Analysts Set New Price Targets

TT has been the topic of several recent analyst reports. KeyCorp boosted their price objective on Trane Technologies from $525.00 to $555.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Royal Bank Of Canada dropped their target price on shares of Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating on the stock in a research report on Friday, July 31st. Weiss Ratings restated a "buy (b)" rating on shares of Trane Technologies in a report on Friday, July 17th. Sanford C. Bernstein upped 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a "neutral" rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $521.50.

Trane Technologies Price Performance

Shares of TT opened at $456.11 on Thursday. The business's 50-day moving average is $475.49 and its 200-day moving average is $460.59. 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 company has a market capitalization of $100.35 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 2.03 and a beta of 1.19. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two week high of $505.87.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping the consensus estimate of $4.27 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.20 billion. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company posted $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities research analysts expect that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 4th. Trane Technologies's dividend payout ratio is presently 31.82%.

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.

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