Key Points
- CAO Elizabeth Elwell sold 137 shares at an average price of $462.48 for about $63,360, a 1.89% reduction that leaves her with 7,100 shares.
- More material insider sales occurred the same period: CEO David S. Regnery sold 5,588 shares (~$2.59M, ~5.45% cut) and CFO Christopher J. Kuehn sold 2,389 shares (~$1.11M, ~3.8% cut), which may be perceived negatively by investors.
- Company fundamentals and strategy: Trane beat quarterly EPS and revenue estimates, raised its quarterly dividend to $1.05 (annualized $4.20, 0.9% yield), and announced the acquisition of LiquidStack to expand into data‑center liquid cooling.
Trane Technologies plc (NYSE:TT - Get Free Report) CAO Elizabeth Elwell sold 137 shares of Trane Technologies stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $462.48, for a total transaction of $63,359.76. Following the completion of the transaction, the chief accounting officer owned 7,100 shares in the company, valued at approximately $3,283,608. The trade was a 1.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Trane Technologies Stock Up 2.4%
Shares of NYSE:TT opened at $472.37 on Thursday. The stock's 50-day moving average price is $401.52 and its 200-day moving average price is $414.57. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The stock has a market capitalization of $104.55 billion, a P/E ratio of 36.39, a price-to-earnings-growth ratio of 2.43 and a beta of 1.21. The company has a current ratio of 1.25, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.
Trane Technologies (NYSE:TT - Get Free Report) last released its earnings results on Thursday, January 29th. The company reported $2.86 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.05. Trane Technologies had a return on equity of 36.34% and a net margin of 13.69%.The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.09 billion. During the same quarter in the previous year, the company posted $2.61 EPS. Trane Technologies's revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities analysts anticipate that Trane Technologies plc will post 12.83 earnings per share for the current year.
Trane Technologies Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be issued a dividend of $1.05 per share. The ex-dividend date is Friday, March 6th. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. This is an increase from Trane Technologies's previous quarterly dividend of $0.94. Trane Technologies's dividend payout ratio (DPR) is currently 32.36%.
Analyst Ratings Changes
A number of equities analysts have issued reports on TT shares. Barclays boosted their price objective on shares of Trane Technologies from $505.00 to $507.00 and gave the company an "overweight" rating in a research report on Friday, January 30th. KeyCorp raised Trane Technologies from a "sector weight" rating to an "overweight" rating and set a $500.00 target price on the stock in a research note on Monday, December 15th. Oppenheimer upped their price target on Trane Technologies from $460.00 to $468.00 and gave the company an "outperform" rating in a research report on Friday, January 30th. Royal Bank Of Canada increased their price objective on Trane Technologies from $469.00 to $470.00 and gave the stock a "sector perform" rating in a report on Friday, January 30th. Finally, Bank of America upgraded Trane Technologies from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $490.00 to $550.00 in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $484.67.
Read Our Latest Report on Trane Technologies
Trending Headlines about Trane Technologies
Here are the key news stories impacting Trane Technologies this week:
- Positive Sentiment: Announced acquisition of LiquidStack to add high‑density liquid cooling for data centers — expands Trane’s exposure to generative AI and hyperscale computing demand, strengthening the company’s end‑to‑end thermal management roadmap and potential revenue/margin upside. Article Title
- Positive Sentiment: Positive investor/coverage piece highlighting bullish views on Trane’s prospects — can reinforce buy interest and support multiple expansion given TT’s exposure to HVAC, electrification and now data‑center cooling. This investor loves Trane Technologies
- Negative Sentiment: CEO David S. Regnery sold 5,588 shares at an average ~$462.60 (~$2.59M), reducing his holding by ~5.45% — a large-dollar insider sale that can be perceived negatively even though he remains a significant shareholder. SEC Filing
- Negative Sentiment: CFO Christopher J. Kuehn sold 2,389 shares at an average ~$462.70 (~$1.11M), a ~3.8% cut to his stake — meaningful insider liquidity from a senior officer. SEC Filing
- Negative Sentiment: Donald E. Simmons sold 822 shares at an average ~$462.57 (~$380k), a 17.7% reduction in his holding — size is smaller but the percentage cut is large. SEC Filing
- Negative Sentiment: CAO Elizabeth A. Elwell sold 137 shares at an average ~$462.48 (~$63k), a small reduction (~1.89%) in ownership. SEC Filing
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in TT. Ethic Inc. boosted its stake in Trane Technologies by 6.6% during the second quarter. Ethic Inc. now owns 26,836 shares of the company's stock valued at $11,601,000 after buying an additional 1,672 shares during the last quarter. Nordea Investment Management AB lifted its stake in Trane Technologies by 2.4% in the 3rd quarter. Nordea Investment Management AB now owns 2,513,508 shares of the company's stock valued at $1,051,049,000 after buying an additional 57,774 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Trane Technologies in the 3rd quarter worth approximately $6,571,000. Boston Common Asset Management LLC acquired a new position in Trane Technologies in the 3rd quarter valued at about $9,546,000. Finally, Compass Wealth Management LLC increased its holdings in shares of Trane Technologies by 3,785.4% during the 3rd quarter. Compass Wealth Management LLC now owns 27,198 shares of the company's stock worth $11,476,000 after buying an additional 26,498 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.
About Trane Technologies
(
Get Free Report)
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.
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