Railway Pension Investments Ltd grew its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 131.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,000 shares of the company's stock after purchasing an additional 59,000 shares during the period. Railway Pension Investments Ltd's holdings in Trane Technologies were worth $51,081,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in TT. Wilkerson Advisory Group LLC raised its holdings in 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 buying an additional 34 shares during the period. Tucker Asset Management LLC purchased a new position in Trane Technologies during the fourth quarter worth $25,000. Elevation Wealth Partners LLC boosted its stake in Trane Technologies by 153.8% during the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company's stock worth $32,000 after buying an additional 40 shares during the period. JPL Wealth Management LLC bought a new position in Trane Technologies during the third quarter valued at $32,000. Finally, Physician Wealth Advisors Inc. raised its stake in shares of Trane Technologies by 192.6% in the first quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company's stock valued at $33,000 after acquiring an additional 52 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO David S. Regnery sold 43,778 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on TT. Weiss Ratings downgraded shares of Trane Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, August 26th. JPMorgan Chase & Co. increased their price target on Trane Technologies from $460.00 to $476.00 and gave the stock a "neutral" rating in a report on Thursday, May 14th. Citigroup decreased 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. Royal Bank Of Canada reduced their price target on shares of Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating on the stock in a research note on Friday, July 31st. Finally, Wall Street Zen cut shares of Trane Technologies from a "buy" rating to a "hold" rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $521.50.
View Our Latest Analysis on Trane Technologies
Trane Technologies Price Performance
Shares of NYSE TT opened at $445.00 on Tuesday. The business's 50 day moving average price is $472.01 and its 200 day moving average price is $461.23. The firm has a market cap of $97.91 billion, a P/E ratio of 33.71, a P/E/G ratio of 1.97 and a beta of 1.19. Trane Technologies plc has a 52 week low of $348.06 and a 52 week high of $505.87. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45.
Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, beating analysts' consensus estimates of $4.27 by $0.04. The company 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 revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, sell-side analysts expect that Trane Technologies plc will post 15.31 earnings per share for the current year.
Trane Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, September 4th. Trane Technologies's dividend payout ratio (DPR) is 31.82%.
Trane Technologies Company Profile
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Free Report)
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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