Trane Technologies (NYSE:TT) CAO Sells $268,414.50 in Stock

Key Points

• CAO Elizabeth Elwell sold 635 shares at an average price of $422.70 on March 6 for $268,414.50, reducing her stake by 8.21% to 7,100 shares (about $3.00M); the sale was disclosed in an SEC Form 4.
• Trane beat quarterly expectations with EPS of $2.86 vs. $2.81 estimated and revenue of $5.14B (up 5.6% year‑over‑year), reporting a 36.34% ROE and a 13.69% net margin.
• Dividend increased to $1.05 quarterly ($4.20 annualized, ~1.0% yield, ex‑dividend Mar 6) while the stock traded near $427.89 (market cap ≈ $94.7B; 52‑week range $298.15–$479.37).

Trane Technologies plc (NYSE:TT - Get Free Report) CAO Elizabeth Elwell sold 635 shares of the company's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $422.70, for a total transaction of $268,414.50. Following the completion of the transaction, the chief accounting officer owned 7,100 shares of the company's stock, valued at $3,001,170. This trade represents a 8.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Trane Technologies Stock Up 1.1%

Shares of NYSE:TT traded up $4.76 during trading on Monday, hitting $427.89. The company's stock had a trading volume of 1,605,563 shares, compared to its average volume of 1,728,949. The company has a market capitalization of $94.70 billion, a PE ratio of 32.97, a PEG ratio of 2.23 and a beta of 1.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.25. The stock's 50-day moving average price is $422.75 and its two-hundred day moving average price is $416.99. Trane Technologies plc has a fifty-two week low of $298.15 and a fifty-two week high of $479.37.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The company reported $2.86 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.05. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.09 billion. During the same period last year, the firm earned $2.61 earnings per share. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts expect that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, March 6th. This is a positive change from Trane Technologies's previous quarterly dividend of $0.94. Trane Technologies's payout ratio is 32.36%.

Hedge Funds Weigh In On Trane Technologies

Several hedge funds and other institutional investors have recently modified their holdings of TT. Vanguard Group Inc. grew its position in shares of Trane Technologies by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 20,020,321 shares of the company's stock worth $7,791,909,000 after acquiring an additional 192,270 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Trane Technologies by 10.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,525,010 shares of the company's stock valued at $6,550,975,000 after purchasing an additional 1,433,563 shares during the period. State Street Corp boosted its stake in Trane Technologies by 0.6% during the 4th quarter. State Street Corp now owns 10,113,123 shares of the company's stock valued at $3,936,034,000 after purchasing an additional 61,393 shares during the period. Geode Capital Management LLC grew its position in Trane Technologies by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 5,071,072 shares of the company's stock worth $1,964,896,000 after purchasing an additional 14,179 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Trane Technologies in the second quarter valued at approximately $1,356,065,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on TT. KeyCorp raised shares of Trane Technologies from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective for the company in a report on Monday, December 15th. Wells Fargo & Company increased their target price on shares of Trane Technologies from $375.00 to $400.00 and gave the stock an "underweight" rating in a report on Friday, January 30th. UBS Group decreased their price target on shares of Trane Technologies from $544.00 to $520.00 and set a "buy" rating for the company in a report on Monday, January 5th. Citigroup boosted their price objective on shares of Trane Technologies from $513.00 to $525.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Finally, Barclays raised their target price on shares of Trane Technologies from $505.00 to $507.00 and gave the stock an "overweight" rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $484.67.

About Trane Technologies

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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