Integrity Alliance LLC. Buys Shares of 5,505 Trane Technologies plc $TT

Key Points

• Integrity Alliance LLC opened a new position in Trane Technologies during the fourth quarter, buying 5,505 shares valued at about $2.14 million.
• Trane Technologies reported better-than-expected quarterly results, with EPS of $2.63 versus $2.53 estimated and revenue of $4.97 billion versus $4.81 billion expected. The company also raised FY 2026 guidance to $14.75-$14.95 EPS.
• Analyst sentiment remains positive overall: the stock has a Moderate Buy consensus and an average price target of $506.56, while several firms recently raised their targets. The company also announced a quarterly dividend of $1.05 per share.

Integrity Alliance LLC. bought a new stake in Trane Technologies plc (NYSE:TT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,505 shares of the company's stock, valued at approximately $2,143,000.

Other institutional investors also recently made changes to their positions in the company. Tucker Asset Management LLC acquired a new position in shares of Trane Technologies in the 4th quarter valued at approximately $25,000. United Community Bank raised its position 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 approximately $32,000. Creative Financial Designs Inc. ADV raised its position 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 approximately $42,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Trane Technologies from $460.00 to $476.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. BNP Paribas Exane initiated coverage on Trane Technologies in a research report on Tuesday, April 14th. They set an "outperform" rating and a $550.00 price target on the stock. Barclays upped their price target on Trane Technologies from $507.00 to $585.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Citigroup upped their price target on Trane Technologies from $525.00 to $570.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Finally, Evercore initiated coverage on Trane Technologies in a research report on Monday, April 13th. They set an "outperform" rating and a $535.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Trane Technologies presently has an average rating of "Moderate Buy" and an average target price of $506.56.

Trane Technologies Stock Performance

TT stock opened at $457.67 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. The firm has a market cap of $101.17 billion, a P/E ratio of 35.40, a P/E/G ratio of 2.13 and a beta of 1.25. Trane Technologies plc has a 12-month low of $348.06 and a 12-month high of $503.47. The stock's 50 day simple moving average is $454.37 and its 200 day simple moving average is $429.76.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.10. The firm had revenue of $4.97 billion during 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 firm's revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.45 EPS. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. As a group, equities research analysts predict that Trane Technologies plc will post 14.88 EPS for the current year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, June 5th. Trane Technologies's dividend payout ratio is presently 32.48%.

Insider Buying and Selling

In related news, CFO Christopher J. Kuehn sold 8,619 shares of the company's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $450.00, for a total transaction of $3,878,550.00. Following the completion of the transaction, the chief financial officer directly owned 60,576 shares in the company, valued at $27,259,200. This represents a 12.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Donald E. Simmons sold 4,593 shares of the company's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $500.00, for a total value of $2,296,500.00. Following the transaction, the insider owned 3,819 shares of the company's stock, valued at approximately $1,909,500. The trade was a 54.60% 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. Insiders have sold 53,654 shares of company stock valued at $23,269,523 in the last 90 days. Corporate insiders own 0.14% of the company's stock.

Trane Technologies Company 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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