Key Points
- CEO David Regnery sold 48,091 Trane Technologies shares at an average price of $480, for proceeds of approximately $23.1 million. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct ownership by 33.16% to 96,951 shares.
- Trane Technologies reported quarterly EPS of $4.31, beating estimates, while revenue rose 10.6% year over year to $6.35 billion. The company maintained fiscal 2026 EPS guidance of $15.20–$15.30.
- Analysts remain broadly positive, with the stock carrying a consensus “Buy” rating and an average price target of $531.21 versus a recent price of $469.93. The company also announced a quarterly dividend of $1.05 per share, implying a 0.9% yield.
Trane Technologies plc (NYSE:TT - Get Free Report) CEO David Regnery sold 48,091 shares of the firm's stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $480.00, for a total value of $23,083,680.00. Following the sale, the chief executive officer directly owned 96,951 shares in the company, valued at approximately $46,536,480. This represents a 33.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Trane Technologies Stock Performance
NYSE TT opened at $469.93 on Friday. The firm has a market cap of $103.40 billion, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. 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 business has a 50-day moving average price of $454.83 and a 200-day moving average price of $461.23. Trane Technologies plc has a twelve month low of $348.06 and a twelve month high of $505.87.
Trane Technologies (NYSE:TT - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the company earned $3.88 EPS. The firm's quarterly 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. As a group, equities research analysts predict that Trane Technologies plc will post 15.3 EPS for the current fiscal year.
Trane Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 4th. Trane Technologies's payout ratio is 31.82%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on TT shares. Sanford C. Bernstein raised their target price on shares of Trane Technologies from $555.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Wells Fargo & Company initiated coverage on shares of Trane Technologies in a research note on Friday, September 25th. They issued an "overweight" rating and a $536.00 price target on the stock. Weiss Ratings upgraded Trane Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, September 10th. Citigroup reduced their target price on Trane Technologies from $570.00 to $566.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Finally, Royal Bank Of Canada dropped their price target on Trane Technologies from $501.00 to $496.00 and set a "sector perform" rating for the company in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $531.21.
View Our Latest Report on TT
Hedge Funds Weigh In On Trane Technologies
A number of large investors have recently bought and sold shares of the business. Mn Services Vermogensbeheer B.V. grew its position in Trane Technologies by 1.1% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 65,276 shares of the company's stock valued at $29,503,000 after acquiring an additional 700 shares during the last quarter. First Heartland Consultants Inc. lifted its position in shares of Trane Technologies by 119.0% during the third quarter. First Heartland Consultants Inc. now owns 1,231 shares of the company's stock worth $556,000 after purchasing an additional 669 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Trane Technologies by 2.5% during the third quarter. Farther Finance Advisors LLC now owns 10,878 shares of the company's stock valued at $4,917,000 after purchasing an additional 268 shares during the period. CoreCap Advisors LLC boosted its stake in shares of Trane Technologies by 1.4% during the third quarter. CoreCap Advisors LLC now owns 6,004 shares of the company's stock valued at $2,714,000 after purchasing an additional 85 shares during the period. Finally, YHB Investment Advisors Inc. grew its holdings in shares of Trane Technologies by 47.9% in the third quarter. YHB Investment Advisors Inc. now owns 1,124 shares of the company's stock worth $508,000 after purchasing an additional 364 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 plc is a global climate solutions company that develops and provides systems, equipment, services and controls for heating, ventilation, air conditioning and refrigeration. Its solutions are used in commercial buildings, industrial facilities, residential properties, data centers, transportation and other applications where temperature control and energy efficiency are important.
The company operates through two primary areas: Climate Solutions, which includes building heating and cooling systems, building controls, services and energy-management solutions; and Climate Solutions Transport, which provides refrigeration systems for trucks, trailers, shipping containers and other transportation applications.
Further Reading
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