Main Street Research LLC Sells 77,663 Shares of Trane Technologies plc $TT

Main Street Research LLC trimmed its position in Trane Technologies plc (NYSE:TT) by 98.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 947 shares of the company’s stock after selling 77,663 shares during the period. Main Street Research LLC’s holdings in Trane Technologies were worth $369,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TT. Tucker Asset Management LLC bought a new stake in shares of Trane Technologies in the fourth quarter valued at about $25,000. United Community Bank lifted its holdings in shares of Trane Technologies by 134.4% in the third quarter. United Community Bank now owns 75 shares of the company’s stock valued at $32,000 after purchasing an additional 43 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Trane Technologies in the third quarter valued at about $32,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Trane Technologies by 119.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 90 shares of the company’s stock valued at $35,000 after purchasing an additional 49 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in shares of Trane Technologies in the third quarter valued at about $42,000. 82.97% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Trane Technologies news, insider Donald E. Simmons sold 4,593 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $500.00, for a total transaction of $2,296,500.00. Following the transaction, the insider owned 3,819 shares of the company’s stock, valued at $1,909,500. The trade was a 54.60% decrease in their ownership of the stock. The sale was disclosed in a 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, CAO Elizabeth A. Elwell sold 635 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $422.70, for a total value of $268,414.50. Following the transaction, the chief accounting officer directly owned 7,100 shares in the company, valued at approximately $3,001,170. This trade represents a 8.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 53,654 shares of company stock worth $23,269,523 in the last three months. 0.14% of the stock is owned by corporate insiders.

Trane Technologies Price Performance

Shares of NYSE TT opened at $451.57 on Monday. The business’s 50 day moving average price is $452.26 and its two-hundred day moving average price is $429.29. The company has a market cap of $99.82 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 2.07 and a beta of 1.25. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 0.46. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $503.47.

Trane Technologies (NYSE:TT) last announced its quarterly 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 firm had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.81 billion. Trane Technologies had a return on equity of 35.55% and a net margin of 13.41%.The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.45 earnings per share. Trane Technologies has set its FY 2026 guidance at 14.750-14.950 EPS. On average, analysts predict that Trane Technologies plc will post 14.9 EPS for the current year.

Trane Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TT. JPMorgan Chase & Co. boosted their price target on Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Barclays boosted their price target on Trane Technologies from $507.00 to $585.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Oppenheimer upped their target price on Trane Technologies from $460.00 to $468.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Wells Fargo & Company upped their target price on Trane Technologies from $375.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 30th. Finally, KeyCorp upped their target price on Trane Technologies from $525.00 to $555.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Trane Technologies has an average rating of “Moderate Buy” and a consensus price target of $506.56.

About Trane Technologies

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.