Trust Point Inc. Buys 3,233 Shares of Trane Technologies plc $TT

Trust Point Inc. raised its stake in Trane Technologies plc (NYSE:TT) by 255.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,497 shares of the company’s stock after buying an additional 3,233 shares during the quarter. Trust Point Inc.’s holdings in Trane Technologies were worth $2,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc raised its stake in Trane Technologies by 12.2% in the first quarter. Bell Investment Advisors Inc now owns 203 shares of the company’s stock valued at $85,000 after purchasing an additional 22 shares in the last quarter. Fiduciary Family Office LLC lifted its position in Trane Technologies by 1.5% during the fourth quarter. Fiduciary Family Office LLC now owns 1,573 shares of the company’s stock worth $612,000 after purchasing an additional 23 shares during the period. Foster Dykema Cabot & Partners LLC grew its stake in Trane Technologies by 10.6% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 239 shares of the company’s stock worth $93,000 after buying an additional 23 shares in the last quarter. Bridges Investment Management Inc. increased its holdings in Trane Technologies by 1.6% in the 4th quarter. Bridges Investment Management Inc. now owns 1,542 shares of the company’s stock valued at $600,000 after buying an additional 24 shares during the period. Finally, Cornerstone Planning Group LLC increased its holdings in Trane Technologies by 14.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 190 shares of the company’s stock valued at $79,000 after buying an additional 24 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Activity at Trane Technologies

In related news, CEO David S. Regnery sold 43,778 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the sale, the chief executive officer owned 96,950 shares of the company’s stock, valued at $46,051,250. This trade represents a 31.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TT shares. JPMorgan Chase & Co. upped their price target on shares of Trane Technologies from $460.00 to $476.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a research report on Friday, July 17th. Sanford C. Bernstein set a $555.00 target price on Trane Technologies in a research note on Thursday, July 9th. KeyCorp raised their target price on Trane Technologies from $525.00 to $555.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, Wall Street Zen raised Trane Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Trane Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $520.07.

Trane Technologies Trading Up 0.7%

Shares of Trane Technologies stock opened at $482.22 on Friday. The firm’s 50 day moving average is $473.07 and its 200 day moving average is $455.70. The firm has a market capitalization of $106.10 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19. Trane Technologies plc has a 1 year low of $348.06 and a 1 year high of $505.87. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45.

Trane Technologies (NYSE:TT) last issued its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating the consensus estimate of $4.27 by $0.04. Trane Technologies had a net margin of 13.28% and a return on equity of 35.72%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the prior year, the firm earned $3.88 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Equities research analysts forecast that Trane Technologies plc will post 15.27 earnings per share for the current fiscal year.

Trane Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a $1.05 dividend. 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%.

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.