Czech National Bank Has $23.85 Million Stock Position in Trane Technologies plc $TT

Czech National Bank lifted its stake in Trane Technologies plc (NYSE:TT) by 3.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 56,515 shares of the company’s stock after buying an additional 2,002 shares during the quarter. Czech National Bank’s holdings in Trane Technologies were worth $23,847,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TT. Icon Advisers Inc. Co. acquired a new position in Trane Technologies during the second quarter worth $26,000. Ameriflex Group Inc. bought a new stake in shares of Trane Technologies in the 2nd quarter worth about $28,000. Hantz Financial Services Inc. increased its position in shares of Trane Technologies by 1,016.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 67 shares of the company’s stock worth $29,000 after purchasing an additional 61 shares in the last quarter. Saudi Central Bank bought a new position in Trane Technologies during the 1st quarter valued at about $30,000. Finally, NewSquare Capital LLC boosted its position in Trane Technologies by 94.1% in the second quarter. NewSquare Capital LLC now owns 132 shares of the company’s stock valued at $58,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

TT has been the subject of several recent analyst reports. KeyCorp raised shares of Trane Technologies from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Monday. Citigroup increased their price target on Trane Technologies from $494.00 to $513.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Wells Fargo & Company lifted their price objective on Trane Technologies from $410.00 to $415.00 and gave the company an “underweight” rating in a research report on Monday, October 6th. Barclays boosted their price objective on Trane Technologies from $485.00 to $495.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, Bank of America upgraded Trane Technologies from a “neutral” rating to a “buy” rating and raised their target price for the company from $490.00 to $550.00 in a research note on Thursday, November 13th. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $472.07.

Insider Buying and Selling at Trane Technologies

In related news, CAO Elizabeth A. Elwell sold 600 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $440.00, for a total value of $264,000.00. Following the transaction, the chief accounting officer directly owned 7,148 shares in the company, valued at $3,145,120. This represents a 7.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Trane Technologies Stock Down 3.5%

NYSE:TT opened at $382.02 on Thursday. The stock’s fifty day moving average price is $416.51 and its two-hundred day moving average price is $423.40. The company has a market cap of $84.71 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 2.28 and a beta of 1.19. Trane Technologies plc has a 52-week low of $298.15 and a 52-week high of $476.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.84 and a current ratio of 1.20.

Trane Technologies (NYSE:TT) last issued its quarterly earnings results on Thursday, October 30th. The company reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.08. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.80 billion. Trane Technologies had a return on equity of 37.04% and a net margin of 13.93%.The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.37 earnings per share. Trane Technologies has set its FY 2025 guidance at 12.950-13.050 EPS. On average, analysts anticipate that Trane Technologies plc will post 12.83 EPS for the current year.

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, December 5th. This represents a $3.76 annualized dividend and a dividend yield of 1.0%. Trane Technologies’s payout ratio is currently 28.92%.

Trane Technologies Company Profile

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.