Robeco Institutional Asset Management B.V. Purchases 13,213 Shares of Trane Technologies plc $TT

Robeco Institutional Asset Management B.V. lifted its position in Trane Technologies plc (NYSE:TT - Free Report) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,371 shares of the company's stock after acquiring an additional 13,213 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.16% of Trane Technologies worth $155,649,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TT. Wilkerson Advisory Group LLC lifted its position in shares of Trane Technologies by 136.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company's stock worth $25,000 after purchasing an additional 34 shares during the period. Elevation Wealth Partners LLC increased its holdings in Trane Technologies by 153.8% during the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company's stock valued at $32,000 after buying an additional 40 shares during the period. Physician Wealth Advisors Inc. increased its holdings in 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 buying an additional 52 shares during the period. Frazier Financial Advisors LLC bought a new position in Trane Technologies in the first quarter worth approximately $33,000. Finally, James T. Borello RIA raised its stake in Trane Technologies by 41.7% in the third quarter. James T. Borello RIA now owns 102 shares of the company's stock worth $46,000 after buying an additional 30 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on TT shares. BNP Paribas Exane increased their target price on Trane Technologies from $560.00 to $575.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Evercore boosted their price target on Trane Technologies from $560.00 to $565.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Weiss Ratings upgraded Trane Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, September 10th. Sanford C. Bernstein raised their price objective on 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. started coverage on Trane Technologies in a research note on Friday, October 9th. They issued an "overweight" rating and a $550.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $539.42.

Trane Technologies Stock Performance

Shares of TT opened at $471.29 on Thursday. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87. The stock has a fifty day moving average price of $453.61 and a 200-day moving average price of $464.28. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45. The firm has a market cap of $103.69 billion, a PE ratio of 35.70, a P/E/G ratio of 2.15 and a beta of 1.15.

Trane Technologies (NYSE:TT - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the previous year, the business earned $3.88 EPS. The firm's revenue for the quarter was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities research analysts predict that Trane Technologies plc will post 15.32 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 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 of this dividend is Friday, December 4th. Trane Technologies's dividend payout ratio (DPR) is currently 31.82%.

Insider Buying and Selling at Trane Technologies

In other news, CEO David Regnery sold 48,091 shares of the business's stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total transaction of $23,083,680.00. Following the sale, the chief executive officer owned 96,951 shares in the company, valued at approximately $46,536,480. The trade was a 33.16% decrease in their ownership of the stock. The sale 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. Insiders own 0.43% of the company's stock.

Trane Technologies Company Profile

Trane Technologies plc is a global climate technology company that develops solutions for heating, ventilation, air conditioning, refrigeration and building management. Its products and services are designed to improve indoor comfort, energy efficiency and the sustainability of commercial, industrial, residential and institutional buildings.

The company operates through well-known brands including Trane, Thermo King and Frigoblock. Trane provides HVAC equipment, building controls, digital solutions, maintenance and energy services, while Thermo King and Frigoblock offer temperature-control systems for refrigerated transportation.

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