Firetrail Investments PTY Ltd. Makes New $9.81 Million Investment in Trane Technologies plc $TT

Key Points

• Firetrail Investments acquired 20,088 Trane Technologies shares worth approximately $9.81 million, making the stock 2.8% of its portfolio. Institutional investors and hedge funds collectively own 82.97% of the company.
• Trane Technologies beat quarterly expectations with $4.31 in EPS versus $4.27 expected and $6.35 billion in revenue, up 10.6% year over year. Management issued fiscal 2026 EPS guidance of $15.20–$15.30.
• Analysts have a “Moderate Buy” consensus rating and an average price target of $521.50, while CEO David Regnery sold $20.8 million in shares under a pre-arranged trading plan. The company also announced a quarterly dividend of $1.05 per share, equivalent to a 0.9% annual yield.

Firetrail Investments PTY Ltd. acquired a new position in shares of Trane Technologies plc (NYSE:TT - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,088 shares of the company's stock, valued at approximately $9,807,000. Trane Technologies accounts for about 2.8% of Firetrail Investments PTY Ltd.'s holdings, making the stock its 14th largest holding.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Trane Technologies by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 20,020,321 shares of the company's stock valued at $7,791,909,000 after purchasing an additional 192,270 shares during the period. State Street Corp lifted its holdings in shares of Trane Technologies by 0.6% during the fourth quarter. State Street Corp now owns 10,113,123 shares of the company's stock worth $3,936,034,000 after purchasing an additional 61,393 shares during the period. Geode Capital Management LLC boosted its position in Trane Technologies by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 5,071,072 shares of the company's stock valued at $1,964,896,000 after buying an additional 14,179 shares during the last quarter. Norges Bank acquired a new position in Trane Technologies in the 4th quarter worth approximately $1,163,124,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Trane Technologies by 0.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,340,219 shares of the company's stock worth $910,813,000 after buying an additional 7,537 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Trane Technologies

In related news, CEO David S. Regnery sold 43,778 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total value of $20,794,550.00. Following the completion of the transaction, the chief executive officer owned 96,950 shares of the company's stock, valued at approximately $46,051,250. This represents a 31.11% 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on TT shares. Royal Bank Of Canada decreased their price objective on shares of Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating for the company in a research note on Friday, July 31st. KeyCorp raised their target price on shares of Trane Technologies from $525.00 to $555.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of Trane Technologies from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Barclays upped their price target on shares of Trane Technologies from $507.00 to $585.00 and gave the company an "overweight" rating in a report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Trane Technologies in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $521.50.

Trane Technologies Price Performance

Shares of NYSE TT opened at $479.87 on Monday. 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 $105.58 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 2.11 and a beta of 1.19. The firm's 50 day simple moving average is $475.14 and its 200-day simple moving average is $459.30. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87.

Trane Technologies (NYSE:TT - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.04. The firm 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 business's revenue 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. Analysts expect that Trane Technologies plc will post 15.31 EPS for the current year.

Trane Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a dividend of $1.05 per share. The ex-dividend date is Friday, September 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies's dividend payout ratio (DPR) is 31.82%.

About Trane Technologies

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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