Councilmark Asset Management LLC Takes $565,000 Position in Trane Technologies plc $TT

Councilmark Asset Management LLC acquired a new position in Trane Technologies plc (NYSE:TT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,150 shares of the company’s stock, valued at approximately $565,000.

A number of other hedge funds have also recently bought and sold shares of TT. Brighton Jones LLC increased its stake in shares of Trane Technologies by 60.0% in the 4th quarter. Brighton Jones LLC now owns 6,194 shares of the company’s stock valued at $2,288,000 after acquiring an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of Trane Technologies by 22.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,665 shares of the company’s stock valued at $728,000 after purchasing an additional 305 shares during the period. Schnieders Capital Management LLC. bought a new stake in Trane Technologies during the 2nd quarter worth approximately $227,000. Nebula Research & Development LLC raised its holdings in Trane Technologies by 178.0% during the 2nd quarter. Nebula Research & Development LLC now owns 2,371 shares of the company’s stock worth $1,037,000 after buying an additional 1,518 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in Trane Technologies by 0.5% in the second quarter. Treasurer of the State of North Carolina now owns 104,140 shares of the company’s stock valued at $45,552,000 after buying an additional 497 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Transactions at Trane Technologies

In other Trane Technologies news, CEO David S. Regnery sold 43,778 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $475.00, for a total value of $20,794,550.00. Following the completion of the sale, the chief executive officer owned 96,950 shares in the company, valued at $46,051,250. This trade represents a 31.11% decrease in their ownership of the stock. The sale 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. Company insiders own 0.43% of the company’s stock.

Trane Technologies Price Performance

NYSE:TT opened at $455.32 on Wednesday. Trane Technologies plc has a 52-week low of $348.06 and a 52-week high of $505.87. The company has a market cap of $100.18 billion, a P/E ratio of 34.49, a P/E/G ratio of 1.99 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.76 and a current ratio of 1.07. The stock’s 50-day simple moving average is $474.41 and its 200 day simple moving average is $461.24.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $4.31 EPS for the quarter, beating the consensus estimate of $4.27 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.20 billion. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.88 earnings per share. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. As a group, sell-side analysts forecast that Trane Technologies plc will post 15.31 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, September 4th. Trane Technologies’s payout ratio is presently 31.82%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TT. Weiss Ratings reissued a “buy (b)” rating on shares of Trane Technologies in a research report on Friday, July 17th. KeyCorp increased their price objective on Trane Technologies from $525.00 to $555.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wall Street Zen raised Trane Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup reduced their price target on Trane Technologies from $570.00 to $566.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, Sanford C. Bernstein raised their price target on shares of Trane Technologies from $555.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Trane Technologies has a consensus rating of “Moderate Buy” and an average price target of $521.50.

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.