Trane Technologies plc $TT Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its stake in Trane Technologies plc (NYSE:TT) by 3.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 204,807 shares of the company’s stock after buying an additional 7,508 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.09% of Trane Technologies worth $92,569,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Amundi grew its position in Trane Technologies by 47.8% in the 1st quarter. Amundi now owns 2,174,396 shares of the company’s stock worth $906,158,000 after purchasing an additional 703,018 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Trane Technologies by 10.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,878,018 shares of the company’s stock worth $782,707,000 after buying an additional 180,537 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Trane Technologies by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,035,241 shares of the company’s stock worth $431,347,000 after buying an additional 32,286 shares during the last quarter. Ninety One UK Ltd grew its holdings in shares of Trane Technologies by 0.4% in the third quarter. Ninety One UK Ltd now owns 926,668 shares of the company’s stock valued at $418,835,000 after acquiring an additional 3,624 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Trane Technologies by 51.9% in the first quarter. California Public Employees Retirement System now owns 686,691 shares of the company’s stock valued at $286,172,000 after acquiring an additional 234,666 shares in the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Trane Technologies

In other 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 transaction of $23,083,680.00. Following the transaction, the chief executive officer owned 96,951 shares of the company’s stock, valued at $46,536,480. This represents a 33.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Trane Technologies from $515.00 to $499.00 and set a “hold” rating for the company in a research report on Wednesday, September 30th. Robert W. Baird boosted their price objective on Trane Technologies from $515.00 to $532.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Sanford C. Bernstein boosted their price objective on Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Evercore upped their price objective on Trane Technologies from $560.00 to $565.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group raised Trane Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $548.00 to $565.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $539.42.

Trane Technologies Stock Performance

TT traded up $1.21 during midday trading on Friday, reaching $458.57. The company had a trading volume of 1,557,611 shares, compared to its average volume of 1,320,339. Trane Technologies plc has a 12-month low of $348.06 and a 12-month high of $505.87. The business has a 50-day moving average price of $454.48 and a two-hundred day moving average price of $462.99. The stock has a market cap of $100.89 billion, a PE ratio of 34.74, a P/E/G ratio of 2.13 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07.

Trane Technologies (NYSE:TT) last posted its quarterly earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter in the previous year, the firm posted $3.88 EPS. Trane Technologies’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, sell-side analysts expect that Trane Technologies plc will post 15.31 earnings per share for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders 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 dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 4th. Trane Technologies’s dividend payout ratio is currently 31.82%.

Trane Technologies Company Profile

Trane Technologies plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.

The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.