Czech National Bank Purchases 2,642 Shares of Trane Technologies plc $TT

Czech National Bank increased its position in shares of Trane Technologies plc (NYSE:TT) by 4.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,921 shares of the company’s stock after buying an additional 2,642 shares during the period. Czech National Bank’s holdings in Trane Technologies were worth $30,904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TT. Apella Capital LLC lifted its stake in shares of Trane Technologies by 5.8% in the 2nd quarter. Apella Capital LLC now owns 3,439 shares of the company’s stock valued at $1,636,000 after purchasing an additional 190 shares during the period. 55 North Private Wealth LLC acquired a new stake in Trane Technologies during the second quarter worth approximately $213,000. Clark Asset Management LLC increased its holdings in Trane Technologies by 1.2% in the second quarter. Clark Asset Management LLC now owns 2,623 shares of the company’s stock worth $1,288,000 after purchasing an additional 30 shares in the last quarter. Foster Group Inc. lifted its stake in Trane Technologies by 2.2% in the second quarter. Foster Group Inc. now owns 2,995 shares of the company’s stock valued at $1,471,000 after buying an additional 65 shares during the period. Finally, Mechanics Bank Trust Department lifted its stake in Trane Technologies by 18.0% in the second quarter. Mechanics Bank Trust Department now owns 991 shares of the company’s stock valued at $487,000 after buying an additional 151 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Sanford C. Bernstein set a $555.00 price objective on shares of Trane Technologies in a research report on Thursday, July 9th. Royal Bank Of Canada cut their target price on shares of Trane Technologies from $501.00 to $496.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. Wall Street Zen raised shares of Trane Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Evercore assumed coverage on shares of Trane Technologies in a report on Monday, April 13th. They set an “outperform” rating and a $535.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Trane Technologies in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $520.07.

Insider Buying and Selling

In other news, CEO David S. Regnery sold 43,778 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was 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 directly owned 96,950 shares of the company’s stock, valued at $46,051,250. This represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

Trane Technologies Stock Performance

Shares of TT stock opened at $479.28 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $472.46 and a two-hundred day simple moving average of $455.51. Trane Technologies plc has a 12 month low of $348.06 and a 12 month high of $505.87. The firm has a market capitalization of $105.45 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19.

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

Trane Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given a $1.05 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.20 annualized dividend and a yield of 0.9%. Trane Technologies’s dividend payout ratio (DPR) is presently 31.82%.

Trane Technologies 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.