Trane Technologies plc $TT Holdings Lowered by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada cut its Trane Technologies stake by 58.6% in the third quarter, selling 78,430 shares and retaining 55,313 shares valued at approximately $25.4 million. Institutional investors and hedge funds collectively own 82.97% of the company.
• Trane Technologies reported quarterly revenue of $6.35 billion and adjusted earnings of $4.31 per share, exceeding analyst expectations, while revenue increased 10.6% year over year. The company issued fiscal 2026 EPS guidance of $15.20–$15.30.
• The company declared a quarterly dividend of $1.05 per share, or $4.20 annually, representing a 0.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $539.42.

TD Waterhouse Canada Inc. lessened its position in Trane Technologies plc (NYSE:TT - Free Report) by 58.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 55,313 shares of the company's stock after selling 78,430 shares during the period. TD Waterhouse Canada Inc.'s holdings in Trane Technologies were worth $25,414,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TT. Wilkerson Advisory Group LLC raised its holdings in Trane Technologies by 136.0% during the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company's stock worth $25,000 after purchasing an additional 34 shares in the last quarter. Elevation Wealth Partners LLC lifted its position in Trane Technologies by 153.8% in the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company's stock valued at $32,000 after purchasing an additional 40 shares during the period. Physician Wealth Advisors Inc. lifted its position in 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 purchasing an additional 52 shares during the period. Frazier Financial Advisors LLC purchased a new stake in Trane Technologies in the 1st quarter valued at approximately $33,000. Finally, James T. Borello RIA boosted its holdings in Trane Technologies by 41.7% in the 3rd quarter. James T. Borello RIA now owns 102 shares of the company's stock valued at $46,000 after purchasing an additional 30 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Trane Technologies news, CEO David Regnery sold 48,091 shares of the company's stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $480.00, for a total value of $23,083,680.00. Following the sale, the chief executive officer owned 96,951 shares of the company's stock, valued at approximately $46,536,480. This represents a 33.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company's stock.

Trane Technologies Price Performance

Shares of NYSE:TT opened at $458.57 on Friday. The business's 50 day simple moving average is $454.48 and its 200-day simple moving average is $462.99. The firm has a market capitalization of $100.90 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 2.14 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. 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 released its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share for the quarter, topping analysts' consensus estimates of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%. The business had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.20 billion. During the same quarter in the prior year, the firm posted $3.88 EPS. The company's revenue was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, equities analysts forecast that Trane Technologies plc will post 15.32 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 4th will be given 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, December 4th. Trane Technologies's payout ratio is presently 31.82%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Trane Technologies from $515.00 to $499.00 and set a "hold" rating on the stock in a research report on Wednesday, September 30th. Evercore raised their price target on Trane Technologies from $560.00 to $565.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Robert W. Baird lifted their price target on Trane Technologies from $515.00 to $532.00 and gave the company a "neutral" rating in a research note on Thursday, July 23rd. Sanford C. Bernstein lifted their price target on Trane Technologies from $555.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Finally, Mizuho upped their price objective on Trane Technologies from $475.00 to $485.00 and gave the stock a "neutral" rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $539.42.

Trane Technologies 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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