Trane Technologies plc $TT Stock Position Decreased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its holdings in shares of Trane Technologies plc (NYSE:TT) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,743 shares of the company’s stock after selling 5,636 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Trane Technologies were worth $64,860,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bell Investment Advisors Inc grew its holdings in shares of Trane Technologies by 12.2% during the first quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock valued at $85,000 after purchasing an additional 22 shares during the last quarter. Fiduciary Family Office LLC lifted its holdings in shares of Trane Technologies by 1.5% in the 4th quarter. Fiduciary Family Office LLC now owns 1,573 shares of the company’s stock worth $612,000 after purchasing an additional 23 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its position in Trane Technologies by 10.6% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 239 shares of the company’s stock valued at $93,000 after purchasing an additional 23 shares during the period. Bridges Investment Management Inc. boosted its position in Trane Technologies by 1.6% during the 4th quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock valued at $600,000 after purchasing an additional 24 shares during the period. Finally, Cornerstone Planning Group LLC grew its stake in Trane Technologies by 14.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock worth $79,000 after buying an additional 24 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Stock Up 1.3%

Trane Technologies stock opened at $444.88 on Friday. The company’s 50-day moving average price is $469.24 and its two-hundred day moving average price is $460.71. The stock has a market cap of $97.88 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 2.10 and a beta of 1.19. Trane Technologies plc has a 52 week low of $348.06 and a 52 week high of $505.87. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45.

Trane Technologies (NYSE:TT) last posted its quarterly earnings data on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. During the same period last year, the firm posted $3.88 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. On average, analysts expect that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Insider Transactions at Trane Technologies

In other news, CEO David Regnery sold 43,778 shares of Trane Technologies stock in a transaction on Wednesday, August 5th. The stock was 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 in the company, valued at approximately $46,051,250. This trade represents a 31.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings lowered Trane Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 26th. Citigroup reduced their price objective on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Royal Bank Of Canada lowered their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Finally, Wall Street Zen lowered Trane Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $521.50.

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.