Stevens Capital Management LP Takes $972,000 Position in Trane Technologies plc $TT

Key Points

• Stevens Capital Management LP acquired a new stake of 2,498 shares in Trane Technologies in Q4 valued at about $972,000, and roughly 82.97% of the stock is held by hedge funds and other institutional investors.
• Several analysts have raised price targets—Citigroup to $570, KeyCorp to $555, and BNP Paribas initiating at $550—and MarketBeat shows a consensus rating of Moderate Buy with an average target of $505.56.
• Company insiders have been net sellers: CEO David S. Regnery sold 36,045 shares for about $15.24 million, and insiders disposed of 62,590 shares totaling roughly $27.4 million over the last 90 days (insider ownership is 0.14%).

Stevens Capital Management LP acquired a new stake in shares of Trane Technologies plc (NYSE:TT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,498 shares of the company's stock, valued at approximately $972,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. United Community Bank increased its holdings in shares of Trane Technologies by 134.4% in the third quarter. United Community Bank now owns 75 shares of the company's stock worth $32,000 after purchasing an additional 43 shares during the period. JPL Wealth Management LLC bought a new stake in Trane Technologies during the third quarter valued at $32,000. KERR FINANCIAL PLANNING Corp purchased a new position in Trane Technologies during the third quarter worth about $42,000. Hantz Financial Services Inc. increased its stake in Trane Technologies by 58.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 106 shares of the company's stock worth $45,000 after acquiring an additional 39 shares during the last quarter. Finally, Key Financial Inc raised its holdings in shares of Trane Technologies by 833.3% in the 3rd quarter. Key Financial Inc now owns 112 shares of the company's stock valued at $48,000 after acquiring an additional 100 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on TT shares. Royal Bank Of Canada lifted their price target on Trane Technologies from $440.00 to $501.00 and gave the company a "sector perform" rating in a research report on Friday, May 1st. KeyCorp raised their target price on shares of Trane Technologies from $525.00 to $555.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. BNP Paribas Exane began coverage on shares of Trane Technologies in a research report on Tuesday, April 14th. They set an "outperform" rating and a $550.00 target price for the company. Oppenheimer increased their price target on shares of Trane Technologies from $460.00 to $468.00 and gave the stock an "outperform" rating in a report on Friday, January 30th. Finally, Citigroup raised their price objective on shares of Trane Technologies from $525.00 to $570.00 and gave the company a "buy" rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $505.56.

Insider Activity

In related news, CEO David S. Regnery sold 36,045 shares of the business's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $422.69, for a total transaction of $15,235,861.05. Following the transaction, the chief executive officer owned 96,948 shares in the company, valued at $40,978,950.12. The trade was a 27.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donald E. Simmons sold 4,593 shares of the company's stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $500.00, for a total value of $2,296,500.00. Following the transaction, the insider directly owned 3,819 shares of the company's stock, valued at $1,909,500. The trade was a 54.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 62,590 shares of company stock worth $27,403,514 over the last ninety days. 0.14% of the stock is owned by insiders.

Trane Technologies Price Performance

Shares of Trane Technologies stock opened at $477.35 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.10 and a quick ratio of 0.77. Trane Technologies plc has a one year low of $348.06 and a one year high of $503.47. The business's 50 day simple moving average is $447.60 and its two-hundred day simple moving average is $425.81. The stock has a market capitalization of $105.52 billion, a P/E ratio of 36.92, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25.

Trane Technologies (NYSE:TT - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.53 by $0.10. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The firm had revenue of $4.97 billion during the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the prior year, the firm posted $2.45 earnings per share. The business's quarterly revenue was up 6.0% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. Analysts forecast that Trane Technologies plc will post 14.85 EPS for the current year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. Trane Technologies's dividend payout ratio (DPR) is 32.48%.

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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