Handelsbanken Fonder AB Has $56.62 Million Holdings in Trane Technologies plc $TT

Handelsbanken Fonder AB trimmed its holdings in shares of Trane Technologies plc (NYSE:TT) by 11.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,268 shares of the company’s stock after selling 15,334 shares during the period. Handelsbanken Fonder AB owned approximately 0.05% of Trane Technologies worth $56,615,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Wilkerson Advisory Group LLC boosted its stake 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 acquiring an additional 34 shares in the last quarter. Tucker Asset Management LLC bought a new stake in Trane Technologies in the fourth quarter valued at $25,000. Elevation Wealth Partners LLC raised its holdings in shares of 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 purchasing an additional 40 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Trane Technologies during the third quarter valued at about $32,000. Finally, Physician Wealth Advisors Inc. boosted its position in shares of Trane Technologies by 192.6% during the 1st quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock worth $33,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 43,778 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the transaction, the chief executive officer directly owned 96,950 shares of the company’s stock, valued at $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

Trane Technologies Stock Performance

Shares of Trane Technologies stock opened at $476.81 on Tuesday. The company has a market cap of $104.91 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19. 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 plc has a 52 week low of $348.06 and a 52 week high of $505.87. The business has a 50 day moving average price of $473.63 and a 200-day moving average price of $456.80.

Trane Technologies (NYSE:TT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) 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 business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the company posted $3.88 earnings per share. Trane Technologies’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. Equities analysts anticipate that Trane Technologies plc will post 15.31 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 Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a $1.05 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. Trane Technologies’s dividend payout ratio is presently 31.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Evercore assumed coverage on Trane Technologies in a report on Monday, April 13th. They issued an “outperform” rating and a $535.00 price target on the stock. BNP Paribas Exane assumed coverage on Trane Technologies in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $550.00 price objective for the company. Barclays boosted their price objective on Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Trane Technologies has a consensus rating of “Moderate Buy” and an average target price of $520.07.

Trane Technologies Company 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.