Trane Technologies plc $TT Shares Sold by Morse Asset Management Inc

Morse Asset Management Inc reduced its position in Trane Technologies plc (NYSE:TT) by 88.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175 shares of the company’s stock after selling 1,325 shares during the period. Morse Asset Management Inc’s holdings in Trane Technologies were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TT. QRG Capital Management Inc. boosted its stake in shares of Trane Technologies by 3.1% during the 4th quarter. QRG Capital Management Inc. now owns 55,314 shares of the company’s stock worth $21,528,000 after acquiring an additional 1,669 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Trane Technologies by 12.0% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,199 shares of the company’s stock valued at $467,000 after purchasing an additional 128 shares in the last quarter. Varma Mutual Pension Insurance Co increased its stake in shares of Trane Technologies by 5.9% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 46,410 shares of the company’s stock valued at $18,063,000 after purchasing an additional 2,599 shares in the last quarter. Avidian Wealth Enterprises LLC raised its holdings in Trane Technologies by 6.0% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 528 shares of the company’s stock worth $206,000 after purchasing an additional 30 shares during the period. Finally, FSA Advisors Inc. purchased a new position in Trane Technologies during the fourth quarter worth approximately $6,588,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling

In other Trane Technologies news, CFO Christopher J. Kuehn sold 8,619 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $450.00, for a total value of $3,878,550.00. Following the completion of the sale, the chief financial officer directly owned 60,576 shares of the company’s stock, valued at $27,259,200. This trade represents a 12.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David S. Regnery sold 36,045 shares of Trane Technologies stock in a transaction on Friday, March 6th. The stock was sold at an average price of $422.69, for a total value of $15,235,861.05. Following the transaction, the chief executive officer owned 96,948 shares in the company, valued at approximately $40,978,950.12. This represents a 27.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,590 shares of company stock valued at $27,403,514 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

Trane Technologies Stock Down 1.9%

Shares of NYSE TT opened at $477.35 on Wednesday. The stock has a market cap of $105.52 billion, a PE ratio of 36.92, a P/E/G ratio of 2.26 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. Trane Technologies plc has a 12-month low of $348.06 and a 12-month high of $503.47. The company has a 50-day moving average of $447.60 and a 200 day moving average of $425.81.

Trane Technologies (NYSE:TT) last released its earnings results on Thursday, April 30th. The company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.10. The business had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.81 billion. Trane Technologies had a net margin of 13.41% and a return on equity of 35.55%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $2.45 EPS. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. As a group, sell-side analysts predict that Trane Technologies plc will post 14.85 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. Trane Technologies’s payout ratio is 32.48%.

Analysts Set New Price Targets

TT has been the subject of a number of recent analyst reports. Melius Research upgraded Trane Technologies from a “hold” rating to a “buy” rating and set a $490.00 price objective for the company in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Trane Technologies in a research report on Monday, April 20th. Royal Bank Of Canada lifted their price target on shares of Trane Technologies from $440.00 to $501.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. KeyCorp upped their price objective on shares of Trane Technologies from $525.00 to $555.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company increased their price objective on shares of Trane Technologies from $375.00 to $400.00 and gave the company an “underweight” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $505.56.

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.