Redhawk Wealth Advisors Inc. Takes $891,000 Position in Trane Technologies plc $TT

Redhawk Wealth Advisors Inc. purchased a new stake in Trane Technologies plc (NYSE:TT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,814 shares of the company’s stock, valued at approximately $891,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC acquired a new position in Trane Technologies in the second quarter valued at $243,000. Contravisory Investment Management Inc. boosted its stake in shares of Trane Technologies by 3.7% during the second quarter. Contravisory Investment Management Inc. now owns 1,424 shares of the company’s stock worth $699,000 after buying an additional 51 shares during the period. Allied Private Wealth LLC purchased a new position in shares of Trane Technologies during the second quarter worth about $251,000. Whitaker Myers Wealth Managers LTD. increased its position in Trane Technologies by 11.4% in the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 4,939 shares of the company’s stock valued at $2,426,000 after acquiring an additional 506 shares during the period. Finally, Tactive Advisors LLC acquired a new position in Trane Technologies in the 2nd quarter valued at about $205,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 43,778 shares of the business’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 sale, the chief executive officer owned 96,950 shares of the company’s stock, valued at approximately $46,051,250. The trade was a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 owned by company insiders.

Trane Technologies Stock Up 1.4%

Trane Technologies stock opened at $483.86 on Wednesday. The stock’s 50 day moving average price is $474.12 and its 200 day moving average price is $457.43. Trane Technologies plc has a 1-year low of $348.06 and a 1-year high of $505.87. The company has a market cap of $106.46 billion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. 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 (NYSE:TT) last released its quarterly earnings data 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 firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the prior year, the business 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. On average, sell-side analysts predict that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, September 4th. Trane Technologies’s dividend payout ratio (DPR) is currently 31.82%.

Analyst Upgrades and Downgrades

TT has been the topic of several analyst reports. Citigroup lowered their target price on Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research report on Friday, July 17th. Wall Street Zen downgraded shares of Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday. Barclays lifted their target price on shares of Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.