Trane Technologies plc $TT Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its holdings in Trane Technologies plc (NYSE:TT) by 85.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,027 shares of the company’s stock after selling 5,931 shares during the period. Edgestream Partners L.P.’s holdings in Trane Technologies were worth $428,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tucker Asset Management LLC purchased a new position in Trane Technologies in the fourth quarter valued at about $25,000. Wilkerson Advisory Group LLC boosted its position in shares of Trane Technologies by 136.0% in the first quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company’s stock worth $25,000 after buying an additional 34 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of Trane Technologies in the fourth quarter worth about $32,000. JPL Wealth Management LLC acquired a new stake in shares of Trane Technologies in the third quarter valued at about $32,000. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of Trane Technologies by 192.6% during the 1st quarter. Physician Wealth Advisors Inc. now owns 79 shares of the company’s stock valued at $33,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on TT shares. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research report on Friday, July 17th. Sanford C. Bernstein set a $555.00 price objective on shares of Trane Technologies in a research report on Thursday, July 9th. JPMorgan Chase & Co. lifted their price objective on shares of Trane Technologies from $460.00 to $476.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Citigroup reduced their target price on shares of Trane Technologies from $570.00 to $566.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Evercore initiated coverage on shares of Trane Technologies in a research note on Monday, April 13th. They issued an “outperform” rating and a $535.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $520.07.

Trane Technologies Trading Up 2.6%

NYSE TT opened at $484.38 on Thursday. 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 plc has a one year low of $348.06 and a one year high of $505.87. The company has a 50-day simple moving average of $471.93 and a 200-day simple moving average of $454.88. The firm has a market capitalization of $106.57 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19.

Trane Technologies (NYSE:TT) last issued its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (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 firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the company posted $3.88 earnings per share. 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, equities analysts forecast that Trane Technologies plc will post 15.27 earnings per share for the current year.

Trane Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 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 is Friday, September 4th. Trane Technologies’s dividend payout ratio is presently 31.82%.

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.