Redhawk Wealth Advisors Inc. Makes New Investment in Trane Technologies plc $TT

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

Other large investors have also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc increased its holdings in Trane Technologies by 12.2% during the 1st quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock valued at $85,000 after acquiring an additional 22 shares in the last quarter. Fiduciary Family Office LLC grew its position in shares of Trane Technologies by 1.5% in the fourth quarter. Fiduciary Family Office LLC now owns 1,573 shares of the company’s stock valued at $612,000 after purchasing an additional 23 shares during the last quarter. Foster Dykema Cabot & Partners LLC grew its position in shares of Trane Technologies by 10.6% in the fourth 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 last quarter. Bridges Investment Management Inc. increased its stake in shares of Trane Technologies by 1.6% during the 4th quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock worth $600,000 after purchasing an additional 24 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its position in shares of 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 purchasing an additional 24 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Trane Technologies

In other news, CEO David S. Regnery sold 43,778 shares of the company’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 completion of the transaction, the chief executive officer owned 96,950 shares of the company’s stock, valued at $46,051,250. This represents a 31.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

Trane Technologies Trading Up 1.4%

Shares of Trane Technologies stock opened at $483.86 on Wednesday. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. The business’s fifty day moving average is $474.12 and its two-hundred day moving average is $457.43. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt-to-equity ratio of 0.45. The firm has a market cap of $106.46 billion, a PE ratio of 36.66, a P/E/G ratio of 2.09 and a beta of 1.19.

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

Trane Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

TT has been the topic of a number of recent research reports. Royal Bank Of Canada reduced their target price on Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. Wall Street Zen cut Trane Technologies from a “buy” rating to a “hold” rating in a report on Sunday. Sanford C. Bernstein set a $555.00 price objective on Trane Technologies in a research report on Thursday, July 9th. BNP Paribas Exane initiated coverage on Trane Technologies in a research note on Tuesday, April 14th. They set an “outperform” rating and a $550.00 price objective on the stock. Finally, KeyCorp lifted their price objective on Trane Technologies from $525.00 to $555.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Trane Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $520.07.

Trane Technologies 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.